First Mid Bancshares, Inc. (FMBH) To Go Ex-Dividend on May 15th

First Mid Bancshares, Inc. (NASDAQ:FMBH) announced a quarterly dividend on Wednesday, April 29th. Investors of record on Friday, May 15th will be given a dividend of 0.25 per share by the bank on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, May 15th.

First Mid Bancshares has raised its dividend 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 payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Analysts expect First Mid Bancshares to earn $4.92 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 20.3%.

First Mid Bancshares Stock Down 0.2%

FMBH opened at $42.75 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.96 and a current ratio of 0.97. First Mid Bancshares has a 1 year low of $33.67 and a 1 year high of $44.85. The firm has a 50 day moving average price of $41.82 and a 200 day moving average price of $40.74. The company has a market cap of $1.14 billion, a PE ratio of 10.77 and a beta of 0.79.

First Mid Bancshares (NASDAQ:FMBH) last issued its quarterly earnings data on Wednesday, April 29th. The bank reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.19. First Mid Bancshares had a net margin of 19.95% and a return on equity of 10.44%. The company had revenue of $98.54 million during the quarter, compared to the consensus estimate of $96.45 million. Sell-side analysts expect that First Mid Bancshares will post 4.58 earnings per share for the current year.

Institutional Trading of First Mid Bancshares

A number of hedge funds have recently made changes to their positions in FMBH. AQR Capital Management LLC grew its position in shares of First Mid Bancshares by 256.9% during the first quarter. AQR Capital Management LLC now owns 105,648 shares of the bank’s stock worth $3,687,000 after buying an additional 76,050 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of First Mid Bancshares by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,566 shares of the bank’s stock worth $473,000 after buying an additional 550 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of First Mid Bancshares by 1,662.9% during the first quarter. Jones Financial Companies Lllp now owns 4,231 shares of the bank’s stock worth $148,000 after buying an additional 3,991 shares in the last quarter. Empowered Funds LLC grew its position in shares of First Mid Bancshares by 31.5% during the first quarter. Empowered Funds LLC now owns 72,134 shares of the bank’s stock worth $2,517,000 after buying an additional 17,266 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of First Mid Bancshares by 494.1% during the first quarter. Jane Street Group LLC now owns 32,755 shares of the bank’s stock worth $1,143,000 after buying an additional 27,242 shares in the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.

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.