First Mid Bancshares, Inc. Declares Quarterly Dividend of $0.25 (NASDAQ:FMBH)

First Mid Bancshares, Inc. (NASDAQ:FMBH) announced a quarterly dividend on Thursday, January 29th. Shareholders of record on Thursday, February 12th will be paid a dividend of 0.25 per share by the bank on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, February 12th.

First Mid Bancshares has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 3 years. First Mid Bancshares has a dividend payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Analysts expect First Mid Bancshares to earn $3.80 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 26.3%.

First Mid Bancshares Trading Down 1.5%

Shares of NASDAQ:FMBH traded down $0.61 during midday trading on Thursday, reaching $41.45. The company’s stock had a trading volume of 153,700 shares, compared to its average volume of 95,195. The firm has a market capitalization of $994.80 million, a price-to-earnings ratio of 11.10 and a beta of 0.90. The firm has a 50 day moving average price of $40.27 and a two-hundred day moving average price of $38.83. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.93 and a current ratio of 0.93. First Mid Bancshares has a fifty-two week low of $27.58 and a fifty-two week high of $44.32.

First Mid Bancshares (NASDAQ:FMBH) last issued its quarterly earnings results on Thursday, January 29th. The bank reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The firm had revenue of $90.14 million for the quarter, compared to analyst estimates of $67.86 million. First Mid Bancshares had a return on equity of 10.27% and a net margin of 18.77%. As a group, analysts forecast that First Mid Bancshares will post 3.61 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on FMBH shares. Zacks Research lowered First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Piper Sandler decreased their price objective on First Mid Bancshares from $49.00 to $48.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of First Mid Bancshares in a report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.80.

First Mid Bancshares Company Profile

First Mid Bancshares, Inc (NASDAQ: FMBH), headquartered in Mattoon, Illinois, is a financial services holding company that offers a comprehensive suite of banking products and services through its main subsidiary, First Mid Bank & Trust. The company’s primary business activities include commercial and retail banking, mortgage origination and servicing, wealth management and trust administration, as well as treasury and cash management solutions.

Through its branch network, First Mid provides consumer deposit products such as checking and savings accounts, certificates of deposit and online banking services.