First Mid Bancshares, Inc. Announces Quarterly Dividend of $0.25 (NASDAQ:FMBH)

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

First Mid Bancshares has increased its dividend payment by an average of 0.0%annually over the last three years and has increased 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. 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 Trading Down 2.1%

First Mid Bancshares stock opened at $41.18 on Friday. The stock has a market cap of $988.36 million, a PE ratio of 11.27 and a beta of 0.90. The stock has a 50-day moving average price of $40.37 and a 200 day moving average price of $38.85. First Mid Bancshares has a 52 week low of $27.58 and a 52 week high of $44.32. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.37.

First Mid Bancshares (NASDAQ:FMBH) last posted 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 return on equity of 10.27% and a net margin of 18.77%.The company had revenue of $90.14 million for the quarter, compared to the consensus estimate of $67.86 million. Equities research analysts predict that First Mid Bancshares will post 3.61 earnings per share for the current fiscal year.

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.