What is DA Davidson’s Forecast for FMBH Q4 Earnings?

First Mid Bancshares, Inc. (NASDAQ:FMBH) – Stock analysts at DA Davidson issued their Q4 2024 earnings estimates for First Mid Bancshares in a research note issued on Friday, November 1st. DA Davidson analyst J. Rulis forecasts that the bank will earn $0.82 per share for the quarter. The consensus estimate for First Mid Bancshares’ current full-year earnings is $3.47 per share.

FMBH has been the subject of a number of other research reports. Piper Sandler upped their price target on shares of First Mid Bancshares from $46.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods downgraded shares of First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 price target on the stock. in a research note on Wednesday, October 2nd. Finally, Stephens lifted their price target on shares of First Mid Bancshares from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, November 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, First Mid Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

First Mid Bancshares Stock Performance

FMBH opened at $38.06 on Monday. The firm has a market cap of $909.82 million, a P/E ratio of 11.64 and a beta of 0.89. The business’s fifty day moving average is $38.78 and its 200-day moving average is $35.67. First Mid Bancshares has a 52-week low of $28.86 and a 52-week high of $41.02. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.91 and a current ratio of 0.91.

Hedge Funds Weigh In On First Mid Bancshares

A number of hedge funds have recently modified their holdings of FMBH. CWM LLC increased its stake in shares of First Mid Bancshares by 344.2% in the 2nd quarter. CWM LLC now owns 884 shares of the bank’s stock valued at $29,000 after acquiring an additional 685 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in First Mid Bancshares in the first quarter worth $29,000. Price T Rowe Associates Inc. MD bought a new stake in First Mid Bancshares in the first quarter valued at $208,000. Choreo LLC boosted its holdings in First Mid Bancshares by 17.9% in the second quarter. Choreo LLC now owns 7,568 shares of the bank’s stock worth $246,000 after acquiring an additional 1,149 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its holdings in First Mid Bancshares by 29.9% during the third quarter. CarsonAllaria Wealth Management Ltd. now owns 9,927 shares of the bank’s stock worth $386,000 after buying an additional 2,285 shares during the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.

First Mid Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.96 annualized dividend and a yield of 2.52%. First Mid Bancshares’s dividend payout ratio is presently 29.54%.

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.