First Mid Bancshares, Inc. (NASDAQ:FMBH – Get Rating) – Analysts at DA Davidson issued their Q3 2022 earnings estimates for First Mid Bancshares in a research report issued to clients and investors on Tuesday, August 2nd. DA Davidson analyst M. Navas expects that the bank will post earnings per share of $0.89 for the quarter. The consensus estimate for First Mid Bancshares’ current full-year earnings is $3.82 per share.

A number of other equities analysts also recently issued reports on the company. Raymond James upgraded First Mid Bancshares from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Thursday, July 7th. StockNews.com lowered shares of First Mid Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th.

First Mid Bancshares Stock Performance

NASDAQ FMBH opened at $37.21 on Wednesday. The company has a market capitalization of $760.94 million, a price-to-earnings ratio of 10.17 and a beta of 0.85. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.36. First Mid Bancshares has a twelve month low of $35.05 and a twelve month high of $45.84. The stock has a fifty day simple moving average of $36.85 and a 200 day simple moving average of $38.36.

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First Mid Bancshares (NASDAQ:FMBH – Get Rating) last posted its earnings results on Thursday, July 28th. The bank reported $0.86 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.04). First Mid Bancshares had a return on equity of 11.51% and a net margin of 25.93%.

First Mid Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This is an increase from First Mid Bancshares’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.47%. First Mid Bancshares’s payout ratio is presently 24.04%.

Institutional Trading of First Mid Bancshares

Several institutional investors and hedge funds have recently modified their holdings of FMBH. Allworth Financial LP purchased a new stake in First Mid Bancshares in the 1st quarter valued at $29,000. Cornerstone Advisory LLC purchased a new position in First Mid Bancshares during the fourth quarter worth about $38,000. Amalgamated Bank bought a new stake in First Mid Bancshares in the 1st quarter worth about $77,000. CarsonAllaria Wealth Management Ltd. bought a new position in shares of First Mid Bancshares during the 4th quarter worth approximately $154,000. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of First Mid Bancshares by 10.3% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 3,833 shares of the bank’s stock worth $148,000 after buying an additional 359 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

About First Mid Bancshares

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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; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.

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