First Mid Bancshares, Inc. (FMBH) to Issue Quarterly Dividend of $0.25 on February 27th

First Mid Bancshares, Inc. (NASDAQ:FMBH) announced a quarterly dividend on Thursday, January 29th. Investors of record on Thursday, February 12th will be paid a dividend of 0.25 per share by the bank on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, February 12th.

First Mid Bancshares has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. First Mid Bancshares has a dividend payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. 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 $1.00 annual dividend with an expected future payout ratio of 26.3%.

First Mid Bancshares Stock Performance

Shares of FMBH stock opened at $42.10 on Friday. First Mid Bancshares has a 52 week low of $27.58 and a 52 week high of $44.32. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 10.96 and a beta of 0.90. The company has a 50-day simple moving average of $40.46 and a 200 day simple moving average of $38.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.93 and a current ratio of 0.93.

First Mid Bancshares (NASDAQ:FMBH) last issued its quarterly earnings data on Thursday, January 29th. The bank reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. First Mid Bancshares had a net margin of 19.69% and a return on equity of 10.61%. The firm had revenue of $90.14 million during the quarter, compared to the consensus estimate of $67.86 million. On average, sell-side analysts predict that First Mid Bancshares will post 3.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FMBH. Zacks Research cut First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of First Mid Bancshares in a report on Monday, December 29th. Finally, Piper Sandler decreased their price target on shares of First Mid Bancshares from $49.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.80.

First Mid Bancshares Company Profile

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.