FY2025 EPS Estimate for First Mid Bancshares Cut by Analyst

First Mid Bancshares, Inc. (NASDAQ:FMBH) – Equities researchers at DA Davidson reduced their FY2025 EPS estimates for First Mid Bancshares in a research report issued on Thursday, December 19th. DA Davidson analyst J. Rulis now expects that the bank will post earnings of $3.44 per share for the year, down from their prior forecast of $3.45. DA Davidson currently has a “Neutral” rating and a $47.00 price target on the stock. The consensus estimate for First Mid Bancshares’ current full-year earnings is $3.41 per share.

A number of other research firms also recently commented on FMBH. Stephens downgraded First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a report on Monday, December 9th. Piper Sandler increased their price target on shares of First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of First Mid Bancshares from $42.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.50.

First Mid Bancshares Price Performance

FMBH opened at $37.55 on Friday. The company has a fifty day moving average price of $40.56 and a two-hundred day moving average price of $37.76. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $897.90 million, a PE ratio of 11.55 and a beta of 0.91. First Mid Bancshares has a 52 week low of $28.86 and a 52 week high of $43.86.

First Mid Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date was Thursday, November 14th. First Mid Bancshares’s payout ratio is currently 29.54%.

Institutional Trading of First Mid Bancshares

A number of institutional investors have recently modified their holdings of FMBH. Victory Capital Management Inc. increased its position in shares of First Mid Bancshares by 2.2% in the second quarter. Victory Capital Management Inc. now owns 30,350 shares of the bank’s stock valued at $998,000 after acquiring an additional 650 shares during the last quarter. CWM LLC raised its stake in shares of First Mid Bancshares by 344.2% during the 2nd quarter. CWM LLC now owns 884 shares of the bank’s stock worth $29,000 after purchasing an additional 685 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in First Mid Bancshares by 1.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 88,910 shares of the bank’s stock valued at $3,459,000 after acquiring an additional 900 shares during the last quarter. Rhumbline Advisers grew its position in shares of First Mid Bancshares by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 33,272 shares of the bank’s stock valued at $1,094,000 after acquiring an additional 1,049 shares during the period. Finally, Choreo LLC increased its stake in shares of First Mid Bancshares by 17.9% during the 2nd quarter. Choreo LLC now owns 7,568 shares of the bank’s stock worth $246,000 after purchasing an additional 1,149 shares during the last quarter. 47.57% of the stock is currently owned by institutional investors.

First Mid Bancshares Company Profile

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, as well as construction and land development, 1-4 family residential properties, and multifamily residential properties loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.