Vise Technologies Inc. purchased a new position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 13,914 shares of the bank’s stock, valued at approximately $481,000.
A number of other institutional investors have also recently added to or reduced their stakes in FMBH. Clearstead Advisors LLC grew its stake in shares of First Mid Bancshares by 147.2% during the fourth quarter. Clearstead Advisors LLC now owns 848 shares of the bank’s stock valued at $33,000 after acquiring an additional 505 shares in the last quarter. Strs Ohio acquired a new position in shares of First Mid Bancshares in the first quarter worth about $42,000. Aquatic Capital Management LLC lifted its stake in shares of First Mid Bancshares by 272.5% in the third quarter. Aquatic Capital Management LLC now owns 1,438 shares of the bank’s stock worth $54,000 after acquiring an additional 1,052 shares in the last quarter. Deutsche Bank AG purchased a new position in First Mid Bancshares in the second quarter valued at about $59,000. Finally, Federated Hermes Inc. boosted its holdings in First Mid Bancshares by 32.0% in the second quarter. Federated Hermes Inc. now owns 1,710 shares of the bank’s stock valued at $64,000 after purchasing an additional 415 shares during the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.
Analyst Ratings Changes
Several research firms have issued reports on FMBH. DA Davidson lifted their price objective on First Mid Bancshares from $47.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Weiss Ratings reissued a “buy (b)” rating on shares of First Mid Bancshares in a research report on Wednesday, July 29th. Keefe, Bruyette & Woods lifted their price target on shares of First Mid Bancshares from $50.00 to $54.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Raymond James Financial reaffirmed an “outperform” rating and issued a $48.00 price target on shares of First Mid Bancshares in a report on Friday, May 1st. Finally, Piper Sandler increased their price objective on shares of First Mid Bancshares from $55.00 to $62.50 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.62.
First Mid Bancshares Stock Performance
Shares of FMBH opened at $50.45 on Tuesday. The stock has a market capitalization of $1.34 billion, a PE ratio of 12.52 and a beta of 0.78. The business’s fifty day moving average price is $49.57 and its 200 day moving average price is $45.11. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.95. First Mid Bancshares, Inc. has a 12-month low of $34.15 and a 12-month high of $53.36.
First Mid Bancshares (NASDAQ:FMBH – Get Free Report) last released its earnings results on Thursday, July 23rd. The bank reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.21. The firm had revenue of $109.32 million during the quarter, compared to analyst estimates of $107.42 million. First Mid Bancshares had a net margin of 19.76% and a return on equity of 10.86%. Equities research analysts forecast that First Mid Bancshares, Inc. will post 4.69 EPS for the current year.
First Mid Bancshares Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from First Mid Bancshares’s previous quarterly dividend of $0.25. First Mid Bancshares’s payout ratio is currently 25.81%.
About First Mid Bancshares
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.
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