FMBH vs SFST: Correlation
First Mid Bancshares, Inc. (FMBH) and Southern First Bancshares, Inc. (SFST) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMBH and SFST?
On 3 years of weekly data the FMBH/SFST correlation comes out at 0.78, strong. Little has changed lately, as the 1-year reading of 0.81 lands near the 3-year figure. The 5-year figure is 0.71, and annualized covariance runs at 674.3 %².
Among the 56 assets we track against FMBH, SFST ranks #36 by 3-year correlation. On 12-month performance SFST holds a 10.2-point edge, +26.9% against +37.1%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FMBH vs SFST: side by side
| FMBH (First Mid Bancshares, Inc.) | SFST (Southern First Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +26.9% | +37.1% |
| 5-year return | +40.9% | +23.1% |
| Volatility (ann.) | 26.0% | 33.3% |
| Beta vs S&P 500 | 0.76 | 0.77 |
| Max drawdown (3Y) | -27.5% | -33.6% |
| Market cap | $1.3B | $0.6B |
| P/E (trailing) | 12.5 | 13.3 |
| Dividend yield | 1.99% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMBH | SFST |
|---|---|---|
| 2022 | -23.2% | -26.8% |
| 2023 | +11.6% | -18.9% |
| 2024 | +9.1% | +7.1% |
| 2025 | +8.7% | +29.6% |
| 2026 | +31.1% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMBH and SFST good diversifiers for each other?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FMBH and SFST?
The FMBH/SFST correlation stands at 0.78 on a 3-year window (1 year: 0.81, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is SFST a good diversifier for FMBH?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.78 mean?
A reading of 0.78 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FMBH correlations · SFST correlations
