What is DA Davidson’s Estimate for FMBH FY2025 Earnings?

First Mid Bancshares, Inc. (NASDAQ:FMBH) – Stock analysts at DA Davidson lowered their FY2025 earnings per share (EPS) estimates for First Mid Bancshares in a report released on Thursday, December 19th. DA Davidson analyst J. Rulis now expects that the bank will earn $3.44 per share for the year, down from their previous estimate of $3.45. DA Davidson has a “Neutral” rating and a $47.00 price objective on the stock. The consensus estimate for First Mid Bancshares’ current full-year earnings is $3.41 per share.

Several other brokerages have also issued reports on FMBH. Stephens lowered First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th. Piper Sandler boosted their price target on shares of First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods raised their target price on shares of First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

First Mid Bancshares Price Performance

First Mid Bancshares stock opened at $37.90 on Friday. The stock has a market capitalization of $906.26 million, a P/E ratio of 11.66 and a beta of 0.91. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. First Mid Bancshares has a 52 week low of $28.86 and a 52 week high of $43.86. The stock has a fifty day moving average of $40.55 and a 200-day moving average of $37.81.

Institutional Trading of First Mid Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC raised its holdings in First Mid Bancshares by 344.2% during the 2nd quarter. CWM LLC now owns 884 shares of the bank’s stock valued at $29,000 after buying an additional 685 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of First Mid Bancshares during the third quarter valued at approximately $84,000. PDT Partners LLC bought a new position in First Mid Bancshares in the 3rd quarter worth $203,000. Centiva Capital LP purchased a new stake in shares of First Mid Bancshares in the 3rd quarter worth about $213,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of First Mid Bancshares by 33.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank’s stock valued at $233,000 after purchasing an additional 1,510 shares in the last quarter. Institutional investors own 47.57% of the company’s stock.

First Mid Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were issued a $0.24 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.96 annualized dividend and a dividend yield of 2.53%. First Mid Bancshares’s dividend payout ratio is currently 29.54%.

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.