First Mid Bancshares, Inc. (FMBH) to Issue Quarterly Dividend of $0.25 on February 27th

First Mid Bancshares, Inc. (NASDAQ:FMBH) announced a quarterly dividend on Tuesday, January 27th. Stockholders 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) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, February 12th.

First Mid Bancshares has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years. First Mid Bancshares has a payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Down 1.0%

Shares of First Mid Bancshares stock opened at $44.13 on Tuesday. First Mid Bancshares has a 12-month low of $27.58 and a 12-month high of $44.85. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $41.16 and a two-hundred day moving average price of $39.09. The stock has a market capitalization of $1.06 billion, a P/E ratio of 11.49 and a beta of 0.91.

First Mid Bancshares (NASDAQ:FMBH) last issued its quarterly earnings data on Thursday, January 29th. The bank reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. First Mid Bancshares had a net margin of 19.69% and a return on equity of 10.61%. The business had revenue of $90.14 million during the quarter, compared to analysts’ expectations of $67.86 million. Equities analysts expect that First Mid Bancshares will post 3.61 earnings per share for the current year.

About First Mid Bancshares

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.