First Mid Bancshares (FMBH) Expected to Announce Quarterly Earnings on Thursday

First Mid Bancshares (NASDAQ:FMBH) is anticipated to announce its results before the market opens on Thursday, October 30th. Analysts expect the company to announce earnings of $0.96 per share and revenue of $65.5950 million for the quarter.

First Mid Bancshares Stock Performance

NASDAQ:FMBH opened at $36.79 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.93. First Mid Bancshares has a 1 year low of $27.58 and a 1 year high of $43.86. The stock’s 50 day simple moving average is $38.40 and its two-hundred day simple moving average is $37.22. The company has a market cap of $882.96 million, a price-to-earnings ratio of 10.45 and a beta of 0.89.

Analyst Ratings Changes

A number of analysts have issued reports on FMBH shares. Piper Sandler lifted their price objective on First Mid Bancshares from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Weiss Ratings downgraded First Mid Bancshares from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday. Wall Street Zen raised First Mid Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, DA Davidson boosted their target price on First Mid Bancshares from $39.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, First Mid Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $43.33.

Insider Buying and Selling at First Mid Bancshares

In other news, CEO Clay M. Dean sold 1,553 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $37.64, for a total value of $58,454.92. Following the transaction, the chief executive officer directly owned 11,229 shares of the company’s stock, valued at approximately $422,659.56. This represents a 12.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On First Mid Bancshares

Hedge funds have recently bought and sold shares of the business. Strs Ohio purchased a new position in First Mid Bancshares during the first quarter worth approximately $42,000. Federated Hermes Inc. grew its stake in shares of First Mid Bancshares by 32.0% in the second quarter. Federated Hermes Inc. now owns 1,710 shares of the bank’s stock valued at $64,000 after buying an additional 415 shares in the last quarter. Quantbot Technologies LP boosted its holdings in First Mid Bancshares by 113.0% in the second quarter. Quantbot Technologies LP now owns 2,394 shares of the bank’s stock valued at $90,000 after purchasing an additional 1,270 shares during the period. Jones Financial Companies Lllp increased its position in shares of First Mid Bancshares by 1,662.9% in the 1st quarter. Jones Financial Companies Lllp now owns 4,231 shares of the bank’s stock valued at $148,000 after purchasing an additional 3,991 shares during the last quarter. Finally, Sei Investments Co. purchased a new stake in First Mid Bancshares during the 2nd quarter worth about $243,000. Hedge funds and other institutional investors own 47.57% of the company’s stock.

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.