Pinnacle Holdings LLC Buys Shares of 52,737 First Mid Bancshares, Inc. $FMBH

Posted by Geri Gentry on Aug 24th, 2026

Pinnacle Holdings LLC bought a new stake in First Mid Bancshares, Inc. (NASDAQ:FMBH – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,737 shares of the bank’s stock, valued at approximately $873,000. Pinnacle Holdings LLC owned approximately 0.20% of First Mid Bancshares as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Jane Street Group LLC boosted its position in First Mid Bancshares by 0.8% during the 4th quarter. Jane Street Group LLC now owns 41,096 shares of the bank’s stock worth $1,603,000 after acquiring an additional 326 shares during the period. CWM LLC lifted its position in shares of First Mid Bancshares by 5.8% in the fourth quarter. CWM LLC now owns 6,283 shares of the bank’s stock worth $245,000 after purchasing an additional 343 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of First Mid Bancshares by 32.0% in the second quarter. Federated Hermes Inc. now owns 1,710 shares of the bank’s stock worth $64,000 after purchasing an additional 415 shares in the last quarter. Clearstead Advisors LLC boosted its holdings 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 worth $33,000 after purchasing an additional 505 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of First Mid Bancshares by 17.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,607 shares of the bank’s stock worth $141,000 after purchasing an additional 538 shares during the period. 47.57% of the stock is owned by hedge funds and other institutional investors.

First Mid Bancshares Stock Performance

Shares of NASDAQ:FMBH opened at $50.28 on Monday. The stock has a market capitalization of $1.34 billion, a PE ratio of 12.48 and a beta of 0.78. First Mid Bancshares, Inc. has a 1 year low of $34.15 and a 1 year high of $53.36. The firm has a fifty day moving average price of $49.48 and a 200 day moving average price of $45.06. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.03.

First Mid Bancshares (NASDAQ:FMBH – Get Free Report) last posted 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. First Mid Bancshares had a return on equity of 10.86% and a net margin of 19.76%.The company had revenue of $109.32 million for the quarter, compared to analyst estimates of $107.42 million. Analysts expect that First Mid Bancshares, Inc. will post 4.69 EPS for the current fiscal year.

First Mid Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, August 18th. This is a positive change from First Mid Bancshares’s previous quarterly dividend of $0.25. First Mid Bancshares’s dividend payout ratio (DPR) is 25.81%.

Analysts Set New Price Targets

FMBH has been the topic of several research reports. Piper Sandler upped 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. Raymond James Financial restated an “outperform” rating and set a $48.00 price target on shares of First Mid Bancshares in a report on Friday, May 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Mid Bancshares in a research note on Wednesday, July 29th. DA Davidson increased 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. Finally, Keefe, Bruyette & Woods boosted their target price on First Mid Bancshares from $50.00 to $54.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $54.62.

View Our Latest Analysis on First Mid Bancshares

About First Mid Bancshares

(Free Report)

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.