First Mid Bancshares, Inc. (FMBH)

Market price: $51.01

5 valuation methods

• Dividend Discount Model (DDM): $17.96 to $29.37 (midpoint $22.31)
• P / E: $41.34 to $54.87 (midpoint $46.70)
• P / Tangible Book: $43.56 to $56.95 (midpoint $49.93)
• P / E — normalized: $42.02 to $65.56 (midpoint $52.35)
• P / B: $48.69 to $64.80 (midpoint $55.50)