First Mid Bancshares, Inc. (FMBH) to Issue Quarterly Dividend of $0.25 on June 1st

First Mid Bancshares, Inc. (NASDAQ:FMBH) declared a quarterly dividend on Wednesday, April 29th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.25 per share by the bank on Monday, June 1st. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, May 15th.

First Mid Bancshares has increased its dividend by an average of 0.0%per year 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. Equities research analysts expect First Mid Bancshares to earn $4.83 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 20.7%.

First Mid Bancshares Stock Down 2.1%

Shares of NASDAQ FMBH opened at $42.09 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.03. First Mid Bancshares has a 12 month low of $32.62 and a 12 month high of $44.85. The firm has a market capitalization of $1.12 billion, a PE ratio of 10.60 and a beta of 0.82. The firm has a fifty day simple moving average of $41.69 and a two-hundred day simple moving average of $40.38.

First Mid Bancshares (NASDAQ:FMBH) last issued its quarterly earnings data on Wednesday, April 29th. The bank reported $1.14 EPS for the quarter, topping 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 10.86%. The business had revenue of $98.54 million during the quarter, compared to analyst estimates of $96.45 million. Equities analysts expect that First Mid Bancshares will post 4.49 earnings per share for the current year.

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.