Brokerages expect First Mid Bancshares, Inc. (NASDAQ:FMBH) to report sales of $61.80 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for First Mid Bancshares’ earnings, with estimates ranging from $60.30 million to $63.10 million. First Mid Bancshares posted sales of $46.10 million during the same quarter last year, which suggests a positive year-over-year growth rate of 34.1%. The company is scheduled to report its next earnings report on Thursday, November 4th.
On average, analysts expect that First Mid Bancshares will report full-year sales of $241.90 million for the current fiscal year, with estimates ranging from $238.90 million to $244.00 million. For the next financial year, analysts expect that the company will post sales of $256.63 million, with estimates ranging from $244.60 million to $265.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover First Mid Bancshares.
First Mid Bancshares (NASDAQ:FMBH) last issued its earnings results on Wednesday, July 28th. The bank reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.01). First Mid Bancshares had a return on equity of 9.91% and a net margin of 18.31%. The firm had revenue of $61.03 million for the quarter, compared to analyst estimates of $57.25 million.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Wednesday, August 18th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Tuesday, August 17th. This is a boost from First Mid Bancshares’s previous quarterly dividend of $0.21. First Mid Bancshares’s payout ratio is presently 32.59%.
Several institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. bought a new stake in First Mid Bancshares during the second quarter worth about $54,000. Royal Bank of Canada lifted its position in First Mid Bancshares by 154.6% during the first quarter. Royal Bank of Canada now owns 1,255 shares of the bank’s stock worth $55,000 after purchasing an additional 762 shares during the period. Panagora Asset Management Inc. bought a new stake in First Mid Bancshares during the first quarter worth about $112,000. UBS Group AG lifted its position in First Mid Bancshares by 64.2% during the first quarter. UBS Group AG now owns 3,193 shares of the bank’s stock worth $140,000 after purchasing an additional 1,249 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of First Mid Bancshares by 12.7% in the second quarter. Morgan Stanley now owns 3,786 shares of the bank’s stock worth $153,000 after acquiring an additional 426 shares during the last quarter. 35.65% of the stock is owned by institutional investors.
First Mid Bancshares Company Profile
First Mid Bancshares, Inc is a financial holding company, which engages in the provision of banking services through its subsidiaries. It operates through the following lines of business: Community Banking, Wealth Management, and Insurance Brokerage. The Community Banking business line, which is operated by First Mid-Illinois Bank & Trust, serves commercial, retail, and agricultural customers with a broad array of deposit and loan related products.
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