First Mid Illinois Stock Today

FMBH Stock  USD 32.37  1.12  3.58%   

Performance

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Odds Of Distress

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First Mid is trading at 32.37 as of the 28th of March 2024. This is a 3.58 percent up since the beginning of the trading day. The stock's open price was 31.25. First Mid has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for First Mid Illinois are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Banks
IPO Date
16th of March 1999
Category
Financial Services
Classification
Financials
First Mid Bancshares, Inc., a financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States. First Mid Bancshares, Inc. was founded in 1865 and is headquartered in Mattoon, Illinois. The company has 23.89 M outstanding shares of which 191.45 K shares are currently shorted by private and institutional investors with about 3.69 trading days to cover. More on First Mid Illinois

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First Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. First Mid's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding First Mid or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ChairmanJoseph Dively
Business ConcentrationRegional Banks, Banks - Regional, Financial Services, NASDAQ Composite, NASDAQ Composite Total, Financials, Banks, Banks—Regional, Financial Services (View all Sectors)
Average Analyst Recommendation
Analysts covering First Mid report their recommendations after researching First Mid's financial statements, talking to executives and customers, or listening in on First Mid's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering First Mid Illinois. The First consensus assessment is calculated by taking the average forecast from all of the analysts covering First Mid.
Financial Strength
Based on the measurements of operating efficiency obtained from First Mid's historical financial statements, First Mid Illinois may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of First Mid Illinois is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.00740.0091
Significantly Down
Slightly volatile
Asset Turnover0.02960.0506
Way Down
Pretty Stable
Gross Profit Margin0.970.89
Significantly Up
Slightly volatile
Total Current Liabilities4.8 B4.6 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total2.3 B2.2 B
Sufficiently Up
Slightly volatile
Total AssetsB7.6 B
Sufficiently Up
Slightly volatile
Total Current Assets135.9 M143.1 M
Notably Down
Very volatile
Total Cash From Operating Activities79.7 M75.9 M
Sufficiently Up
Slightly volatile
First Mid's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to First Mid's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand First Mid's financial leverage. It provides some insight into what part of First Mid's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on First Mid's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how First Mid deploys its capital and how much of that capital is borrowed.
Liquidity
First Mid cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 608.32 M in liabilities with Debt to Equity (D/E) ratio of 9.31, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Debt can assist First Mid until it has trouble settling it off, either with new capital or with free cash flow. So, First Mid's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Mid Illinois sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Mid's use of debt, we should always consider it together with cash and equity.

Begin Period Cash Flow

89.28 Million
First Mid Illinois (FMBH) is traded on NASDAQ Exchange in USA. It is located in 1421 Charleston Avenue, Mattoon, IL, United States, 61938 and employs 1,158 people. First Mid is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 773.3 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate First Mid's market, we take the total number of its shares issued and multiply it by First Mid's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. First Mid Illinois conducts business under Banks sector and is part of Financials industry. The entity has 23.89 M outstanding shares of which 191.45 K shares are currently shorted by private and institutional investors with about 3.69 trading days to cover. First Mid Illinois currently holds about 142.42 M in cash with 75.86 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.96.
Check First Mid Probability Of Bankruptcy
Ownership Allocation
First Mid Illinois retains a total of 23.89 Million outstanding shares. 30% of First Mid Illinois outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check First Ownership Details

First Stock Price Odds Analysis

Coming from a normal probability distribution, the odds of First Mid jumping above the current price in 90 days from now is about 33.55%. The First Mid Illinois probability density function shows the probability of First Mid stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.898. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, First Mid will likely underperform. Additionally, first Mid Illinois has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 32.37HorizonTargetOdds Above 32.37
66.22%90 days
 32.37 
33.55%
Based on a normal probability distribution, the odds of First Mid to move above the current price in 90 days from now is about 33.55 (This First Mid Illinois probability density function shows the probability of First Stock to fall within a particular range of prices over 90 days) .

First Stock Institutional Holders

Institutional Holdings refers to the ownership stake in First Mid that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of First Mid's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing First Mid's value.
InstituionRecorded OnShares
Northern Trust Corp2023-12-31
238.4 K
American Century Companies Inc2023-12-31
237.2 K
Manufacturers Life Insurance Co2023-12-31
235 K
Gendell Jeffrey L2023-12-31
215.1 K
Hotchkis & Wiley Capital Management Llc2023-12-31
177.2 K
Charles Schwab Investment Management Inc2023-12-31
176.7 K
Siena Capital Management, Llc2023-12-31
128.4 K
Jpmorgan Chase & Co2023-12-31
122.2 K
Bank Of New York Mellon Corp2023-12-31
110.9 K
Ballentine Finn & Company Inc2023-12-31
1.9 M
Blackrock Inc2023-12-31
1.8 M
View First Mid Diagnostics

First Mid Historical Income Statement

First Mid Illinois Income Statement is one of the three primary financial statements used for reporting First's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of First Mid Illinois revenue and expense. First Mid Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, First Mid's Total Revenue is increasing as compared to previous years. The First Mid's current Gross Profit is estimated to increase to about 315.2 M, while Other Operating Expenses is projected to decrease to under 2.9 M. View More Fundamentals

First Stock Against Markets

Picking the right benchmark for First Mid stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in First Mid stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for First Mid is critical whether you are bullish or bearish towards First Mid Illinois at a given time. Please also check how First Mid's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Mid without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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First Mid Corporate Directors

First Mid corporate directors refer to members of a First Mid board of directors. The board of directors generally takes responsibility for the First Mid's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of First Mid's board members must vote for the resolution. The First Mid board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Ray SparksIndependent DirectorProfile
Steven GrissomIndependent DirectorProfile
Robert CookDirectorProfile
James ZimmerDirectorProfile

How to buy First Stock?

Before investing in First Mid, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in First Mid. To buy First Mid stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of First Mid. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase First Mid stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located First Mid Illinois stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased First Mid Illinois stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as First Mid Illinois, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy First Stock please use our How to Invest in First Mid guide.

Already Invested in First Mid Illinois?

The danger of trading First Mid Illinois is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of First Mid is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than First Mid. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile First Mid Illinois is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether First Mid Illinois offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Mid's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Mid Illinois Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Mid Illinois Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Mid Illinois. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the First Mid Illinois information on this page should be used as a complementary analysis to other First Mid's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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When running First Mid's price analysis, check to measure First Mid's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Mid is operating at the current time. Most of First Mid's value examination focuses on studying past and present price action to predict the probability of First Mid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Mid's price. Additionally, you may evaluate how the addition of First Mid to your portfolios can decrease your overall portfolio volatility.
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Is First Mid's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Mid. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Mid listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.24)
Dividend Share
0.92
Earnings Share
3.15
Revenue Per Share
12.587
Quarterly Revenue Growth
0.247
The market value of First Mid Illinois is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Mid's value that differs from its market value or its book value, called intrinsic value, which is First Mid's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Mid's market value can be influenced by many factors that don't directly affect First Mid's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Mid's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Mid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Mid's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.