First Mid Bancshares (NASDAQ:FMBH) Sets New 1-Year High Following Strong Earnings

Posted by Brian Himes on Jul 24th, 2026

First Mid Bancshares, Inc. (NASDAQ:FMBH – Get Free Report)’s share price reached a new 52-week high on Friday after the company announced better than expected quarterly earnings. The company traded as high as $50.56 and last traded at $50.04, with a volume of 7722 shares changing hands. The stock had previously closed at $50.05.

The bank reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.21. First Mid Bancshares had a net margin of 19.95% and a return on equity of 10.44%. The firm had revenue of $109.32 million for the quarter, compared to analyst estimates of $107.42 million.

First Mid Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.26 per share. This is a positive change from First Mid Bancshares’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, August 18th. First Mid Bancshares’s dividend payout ratio is 25.19%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FMBH shares. Weiss Ratings reissued a “buy (b)” rating on shares of First Mid Bancshares in a report on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating and set a $48.00 price objective on shares of First Mid Bancshares in a report on Friday, May 1st. Keefe, Bruyette & Woods lifted their target price on shares of First Mid Bancshares from $46.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. Piper Sandler reissued an “overweight” rating and issued a $55.00 target price (up from $52.00) on shares of First Mid Bancshares in a report on Friday, May 1st. Finally, DA Davidson increased their price target on First Mid Bancshares from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, First Mid Bancshares has an average rating of “Moderate Buy” and a consensus target price of $49.50.

Get Our Latest Report on First Mid Bancshares

Institutional Investors Weigh In On First Mid Bancshares

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in First Mid Bancshares by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,366,627 shares of the bank’s stock valued at $51,768,000 after acquiring an additional 44,319 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of First Mid Bancshares by 5.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,101,095 shares of the bank’s stock worth $45,354,000 after purchasing an additional 56,997 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of First Mid Bancshares by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 546,389 shares of the bank’s stock valued at $21,313,000 after purchasing an additional 12,484 shares during the last quarter. State Street Corp grew its stake in shares of First Mid Bancshares by 0.9% during the fourth quarter. State Street Corp now owns 530,875 shares of the bank’s stock valued at $20,704,000 after purchasing an additional 4,808 shares during the last quarter. Finally, GW&K Investment Management LLC increased its holdings in shares of First Mid Bancshares by 7.3% in the fourth quarter. GW&K Investment Management LLC now owns 474,651 shares of the bank’s stock valued at $18,511,000 after purchasing an additional 32,301 shares in the last quarter. Institutional investors own 47.57% of the company’s stock.

First Mid Bancshares Trading Down 0.2%

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average is $46.34 and its two-hundred day moving average is $43.52. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 12.58 and a beta of 0.79.

First Mid Bancshares Company Profile

(Get Free Report)

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.