FMBH vs STBA: Correlation
Measured on weekly returns over the past three years, First Mid Bancshares, Inc. (FMBH) and S&T Bancorp, Inc. (STBA) carry a correlation of 0.87, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMBH and STBA?
Across a 3-year window, the weekly returns of FMBH and STBA correlate at 0.87, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.87 over 1 year against 0.87 over 3. Stretching to 5 years gives 0.79, with an annualized covariance of 649.2 %².
Within FMBH's tracked universe of 56 assets, STBA comes in at #10 by 3-year correlation. Twelve-month performance is nearly a tie, at +26.9% for FMBH and +29.0% for STBA.
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 STBA: side by side
| FMBH (First Mid Bancshares, Inc.) | STBA (S&T Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +26.9% | +29.0% |
| 5-year return | +40.9% | +102.2% |
| Volatility (ann.) | 26.0% | 28.7% |
| Beta vs S&P 500 | 0.76 | 0.68 |
| Max drawdown (3Y) | -27.5% | -26.1% |
| Market cap | $1.3B | $1.8B |
| P/E (trailing) | 12.5 | 13.3 |
| Dividend yield | 1.99% | 1.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMBH | STBA |
|---|---|---|
| 2022 | -23.2% | +12.6% |
| 2023 | +11.6% | +2.1% |
| 2024 | +9.1% | +18.7% |
| 2025 | +8.7% | +6.7% |
| 2026 | +31.1% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMBH and STBA good diversifiers for each other?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between FMBH and STBA?
As of 2026-08-27, the correlation of weekly returns between FMBH and STBA is 0.87 over 3 years, 0.87 over 1 year and 0.79 over 5 years.
Is STBA a good diversifier for FMBH?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.87 mean?
On the −1 to +1 scale, 0.87 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: FMBH correlations · STBA correlations
