First Mid Bancshares (FMBH) Projected to Post Quarterly Earnings on Wednesday

First Mid Bancshares (NASDAQ:FMBH) is projected to issue its results before the market opens on Wednesday, April 29th. Analysts expect the company to announce earnings of $1.08 per share and revenue of $96.85 million for the quarter.

First Mid Bancshares (NASDAQ:FMBH) last released its earnings results on Thursday, January 29th. The bank reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. First Mid Bancshares had a return on equity of 10.44% and a net margin of 19.69%.The business had revenue of $90.14 million for the quarter, compared to analyst estimates of $67.86 million. On average, analysts expect First Mid Bancshares to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

First Mid Bancshares Stock Down 1.7%

NASDAQ:FMBH opened at $42.84 on Wednesday. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 11.16 and a beta of 0.82. First Mid Bancshares has a twelve month low of $32.22 and a twelve month high of $44.85. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $41.74 and a 200-day simple moving average of $40.11.

First Mid Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, February 12th. First Mid Bancshares’s dividend payout ratio (DPR) is currently 26.04%.

Insiders Place Their Bets

In other First Mid Bancshares news, EVP Bradley L. Beesley sold 6,000 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $44.00, for a total transaction of $264,000.00. Following the sale, the executive vice president owned 12,378 shares of the company’s stock, valued at approximately $544,632. This trade represents a 32.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On First Mid Bancshares

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in First Mid Bancshares by 3.4% during the third quarter. Vanguard Group Inc. now owns 1,366,627 shares of the bank’s stock valued at $51,768,000 after purchasing an additional 44,319 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in First Mid Bancshares by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,044,098 shares of the bank’s stock worth $40,720,000 after purchasing an additional 23,265 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of First Mid Bancshares by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 546,389 shares of the bank’s stock valued at $21,313,000 after buying an additional 12,484 shares during the last quarter. State Street Corp lifted its position in shares of First Mid Bancshares by 0.9% during the fourth quarter. State Street Corp now owns 530,875 shares of the bank’s stock valued at $20,704,000 after buying an additional 4,808 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its holdings in shares of First Mid Bancshares by 7.3% in the 4th quarter. GW&K Investment Management LLC now owns 474,651 shares of the bank’s stock valued at $18,511,000 after buying an additional 32,301 shares in the last quarter. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Zacks Research lowered shares of First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. DA Davidson raised their target price on shares of First Mid Bancshares from $45.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Mid Bancshares in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.75.

About First Mid Bancshares

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.