First Mid Bancshares, Inc. (FMBH) To Go Ex-Dividend on February 13th

First Mid Bancshares, Inc. (NASDAQ:FMBH) declared a quarterly dividend on Tuesday, January 21st,Wall Street Journal reports. Shareholders of record on Thursday, February 13th will be paid a dividend of 0.24 per share by the bank on Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, February 13th.

First Mid Bancshares has increased its dividend by an average of 3.4% annually over the last three years. First Mid Bancshares has a dividend payout ratio of 25.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect First Mid Bancshares to earn $3.80 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 25.3%.

First Mid Bancshares Stock Performance

Shares of FMBH opened at $38.35 on Tuesday. The stock has a market cap of $916.95 million, a P/E ratio of 11.66 and a beta of 0.93. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. First Mid Bancshares has a 12-month low of $28.86 and a 12-month high of $43.86. The company has a 50-day moving average of $38.09 and a two-hundred day moving average of $38.86.

First Mid Bancshares (NASDAQ:FMBH) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.05. First Mid Bancshares had a return on equity of 10.10% and a net margin of 17.39%. As a group, research analysts predict that First Mid Bancshares will post 3.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FMBH has been the topic of a number of research reports. Stephens reissued an “equal weight” rating and issued a $43.00 price objective on shares of First Mid Bancshares in a research note on Friday, January 24th. DA Davidson lowered First Mid Bancshares from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $44.00 to $47.00 in a research report on Tuesday, November 12th. Keefe, Bruyette & Woods upped their price target on First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Piper Sandler increased their price objective on First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.40.

Insider Activity

In other First Mid Bancshares news, Director James Edwin Zimmer purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of $39.87 per share, with a total value of $39,870.00. Following the transaction, the director now owns 4,050 shares in the company, valued at $161,473.50. The trade was a 32.79 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.70% of the stock is owned by corporate insiders.

About First Mid Bancshares

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.