FY2025 Earnings Estimate for FMBH Issued By DA Davidson

First Mid Bancshares, Inc. (NASDAQ:FMBH) – Research analysts at DA Davidson increased their FY2025 EPS estimates for First Mid Bancshares in a research note issued to investors on Tuesday, January 28th. DA Davidson analyst J. Rulis now forecasts that the bank will earn $3.60 per share for the year, up from their previous estimate of $3.44. DA Davidson currently has a “Neutral” rating and a $47.00 target price on the stock. The consensus estimate for First Mid Bancshares’ current full-year earnings is $3.56 per share.

Other equities analysts have also recently issued reports about the company. Stephens reiterated an “equal weight” rating and set a $43.00 target price on shares of First Mid Bancshares in a research note on Friday, January 24th. Keefe, Bruyette & Woods increased their price objective on shares of First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler raised their price objective on shares of First Mid Bancshares from $46.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $43.40.

First Mid Bancshares Trading Down 0.2 %

Shares of FMBH opened at $37.93 on Thursday. First Mid Bancshares has a one year low of $28.86 and a one year high of $43.86. The stock has a 50-day moving average price of $38.57 and a 200 day moving average price of $38.84. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $906.91 million, a P/E ratio of 11.53 and a beta of 0.93.

First Mid Bancshares (NASDAQ:FMBH) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%.

Institutional Investors Weigh In On First Mid Bancshares

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in shares of First Mid Bancshares by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 778,135 shares of the bank’s stock worth $25,584,000 after acquiring an additional 36,769 shares during the period. Wellington Management Group LLP grew its position in First Mid Bancshares by 7.3% in the 3rd quarter. Wellington Management Group LLP now owns 387,926 shares of the bank’s stock worth $15,094,000 after purchasing an additional 26,560 shares during the last quarter. Barclays PLC increased its stake in shares of First Mid Bancshares by 327.6% in the third quarter. Barclays PLC now owns 34,347 shares of the bank’s stock valued at $1,337,000 after purchasing an additional 26,315 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of First Mid Bancshares by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 133,132 shares of the bank’s stock valued at $5,180,000 after buying an additional 25,855 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of First Mid Bancshares during the third quarter worth approximately $869,000. 47.57% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director James Edwin Zimmer acquired 1,000 shares of First Mid Bancshares stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of $39.87 per share, for a total transaction of $39,870.00. Following the transaction, the director now directly owns 4,050 shares of the company’s stock, valued at $161,473.50. This trade represents a 32.79 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.70% of the stock is owned by corporate insiders.

First Mid Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.96 annualized dividend and a yield of 2.53%. First Mid Bancshares’s payout ratio is 29.18%.

First Mid Bancshares Company Profile

First Mid Bancshares, Inc, a financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States. It accepts various deposit products, such as demand deposits, savings accounts, money market deposits, and time deposits. The company’s loan products include commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans, as well as construction and land development, 1-4 family residential properties, and multifamily residential properties loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.