First Mid Bancshares, Inc. (FMBH) To Go Ex-Dividend on August 18th

First Mid Bancshares, Inc. (NASDAQ:FMBH) declared a quarterly dividend on Tuesday, July 21st. Stockholders of record on Tuesday, August 18th will be given a dividend of 0.26 per share by the bank on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, August 18th. This is a 4.0% increase from First Mid Bancshares’s previous quarterly dividend of $0.25.

First Mid Bancshares has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 3 years. First Mid Bancshares has a dividend payout ratio of 26.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Mid Bancshares to earn $4.95 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 21.0%.

First Mid Bancshares Stock Performance

FMBH opened at $52.01 on Friday. The business’s 50-day simple moving average is $48.99 and its 200 day simple moving average is $44.75. First Mid Bancshares has a 52-week low of $34.15 and a 52-week high of $53.36. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 0.95. The firm has a market capitalization of $1.38 billion, a PE ratio of 12.91 and a beta of 0.78.

First Mid Bancshares (NASDAQ:FMBH) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $1.26 EPS for the quarter, beating the consensus estimate of $1.05 by $0.21. The company had revenue of $109.32 million during the quarter, compared to the consensus estimate of $107.42 million. First Mid Bancshares had a return on equity of 10.86% and a net margin of 19.76%. As a group, sell-side analysts expect that First Mid Bancshares will post 4.69 earnings per share for the current fiscal year.

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.