First Mid Bancshares, Inc. (NASDAQ:FMBH) to Post Q3 2022 Earnings of $0.89 Per Share, DA Davidson Forecasts

First Mid Bancshares, Inc. (NASDAQ:FMBHGet Rating) – Equities research analysts at DA Davidson issued their Q3 2022 earnings per share (EPS) estimates for First Mid Bancshares in a note issued to investors on Tuesday, August 2nd. DA Davidson analyst M. Navas anticipates 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.

Several other brokerages have also issued reports on FMBH. StockNews.com lowered First Mid Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Raymond James upgraded First Mid Bancshares from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a report on Thursday, July 7th.

First Mid Bancshares Trading Up 1.0 %

NASDAQ FMBH opened at $37.58 on Wednesday. The business has a 50 day simple moving average of $36.86 and a 200 day simple moving average of $38.35. The stock has a market capitalization of $768.47 million, a P/E ratio of 10.27 and a beta of 0.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.82 and a quick ratio of 0.82. First Mid Bancshares has a one year low of $35.05 and a one year high of $45.84.

First Mid Bancshares (NASDAQ:FMBHGet Rating) last released 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%.

Institutional Trading of First Mid Bancshares

Hedge funds have recently bought and sold shares of the business. Allworth Financial LP bought a new stake in shares of First Mid Bancshares in the first quarter valued at $29,000. Cornerstone Advisory LLC bought a new stake in shares of First Mid Bancshares during the 4th quarter valued at $38,000. Nisa Investment Advisors LLC raised its stake in shares of First Mid Bancshares by 44.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,880 shares of the bank’s stock valued at $67,000 after purchasing an additional 580 shares during the period. Amalgamated Bank bought a new stake in shares of First Mid Bancshares during the 1st quarter valued at $77,000. Finally, Creative Financial Designs Inc. ADV raised its stake 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 valued at $148,000 after purchasing an additional 359 shares during the period. 31.35% of the stock is currently owned by institutional investors.

First Mid Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 18th will be issued a dividend of $0.23 per share. This is a positive change from First Mid Bancshares’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Wednesday, August 17th. First Mid Bancshares’s dividend payout ratio (DPR) is 24.04%.

About First Mid Bancshares

(Get Rating)

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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Earnings History and Estimates for First Mid Bancshares (NASDAQ:FMBH)

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