First Mid Bancshares (FMBH) Expected to Announce Quarterly Earnings on Thursday

First Mid Bancshares (NASDAQ:FMBH) is expected to be issuing its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.82 per share and revenue of $58,980.00 billion for the quarter.

First Mid Bancshares Price Performance

First Mid Bancshares stock opened at $37.03 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. The company has a fifty day simple moving average of $39.19 and a 200-day simple moving average of $38.69. The stock has a market cap of $885.39 million, a P/E ratio of 11.39 and a beta of 0.93. First Mid Bancshares has a 12-month low of $28.86 and a 12-month high of $43.86.

First Mid Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Thursday, November 14th. First Mid Bancshares’s dividend payout ratio (DPR) is presently 29.54%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. DA Davidson lowered First Mid Bancshares from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $44.00 to $47.00 in a report on Tuesday, November 12th. Keefe, Bruyette & Woods raised their price target on First Mid Bancshares from $42.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler lifted their price target on First Mid Bancshares from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Stephens downgraded First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Insiders Place Their Bets

In other news, Director James Edwin Zimmer bought 1,000 shares of the stock in a transaction on Thursday, December 19th. The shares were bought at an average price of $39.87 per share, with a total value of $39,870.00. Following the completion of the acquisition, the director now owns 4,050 shares of the company’s stock, valued at approximately $161,473.50. This trade represents a 32.79 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is currently owned by company insiders.

About First Mid Bancshares

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.