Financial Contrast: First Mid Bancshares (FMBH) versus Its Peers

First Mid Bancshares (NASDAQ:FMBH) is one of 919 public companies in the “Banks” industry, but how does it compare to its peers? We will compare First Mid Bancshares to related businesses based on the strength of its profitability, institutional ownership, dividends, risk, valuation, analyst recommendations and earnings.

Insider and Institutional Ownership

47.6% of First Mid Bancshares shares are owned by institutional investors. Comparatively, 47.8% of shares of all “Banks” companies are owned by institutional investors. 6.0% of First Mid Bancshares shares are owned by insiders. Comparatively, 9.7% of shares of all “Banks” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Profitability

This table compares First Mid Bancshares and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
First Mid Bancshares	20.87%	11.41%	1.35%
First Mid Bancshares Competitors	15.64%	9.43%	0.93%

Earnings and Valuation

This table compares First Mid Bancshares and its peers gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
First Mid Bancshares	$392.48 million	$91.75 million	11.82
First Mid Bancshares Competitors	$37.85 billion	$2.42 billion	21.33

First Mid Bancshares’ peers have higher revenue and earnings than First Mid Bancshares. First Mid Bancshares is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Dividends

First Mid Bancshares pays an annual dividend of $1.04 per share and has a dividend yield of 2.0%. First Mid Bancshares pays out 24.0% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 8.9% and pay out 28.9% of their earnings in the form of a dividend. First Mid Bancshares has increased its dividend for 3 consecutive years.

Volatility and Risk

First Mid Bancshares has a beta of 0.8, meaning that its stock price is 20% less volatile than the S&P 500. Comparatively, First Mid Bancshares’ peers have a beta of 0.61, meaning that their average stock price is 39% less volatile than the S&P 500.

Analyst Ratings

This is a summary of recent ratings for First Mid Bancshares and its peers, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
First Mid Bancshares	0	2	3	1	2.83
First Mid Bancshares Competitors	7492	30250	27848	1488	2.35

First Mid Bancshares presently has a consensus price target of $55.50, indicating a potential upside of 8.21%. As a group, “Banks” companies have a potential upside of 14.26%. Given First Mid Bancshares’ peers higher probable upside, analysts plainly believe First Mid Bancshares has less favorable growth aspects than its peers.

Summary

First Mid Bancshares beats its peers on 8 of the 15 factors compared.

About First Mid Bancshares

First Mid Bancshares, Inc. is a financial holding company headquartered in Mattoon, Illinois. Its principal subsidiary, First Mid Bank & Trust, provides personal and business banking services, including deposit accounts, lending, mortgage financing and agricultural banking. The company also offers wealth management and trust services, along with insurance products through its insurance businesses. Its operations serve customers in Illinois and other markets in the Midwest, as well as Texas. First Mid traces its roots to 1865, when a bank was established in Mattoon.