Creative Financial Designs Inc. ADV increased its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,337 shares of the bank’s stock after acquiring an additional 409 shares during the period. Creative Financial Designs Inc. ADV’s holdings in First Mid Bancshares were worth $180,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Nisa Investment Advisors LLC bought a new position in shares of First Mid Bancshares in the 3rd quarter worth $32,000. Great West Life Assurance Co. Can boosted its holdings in shares of First Mid Bancshares by 179.3% during the third quarter. Great West Life Assurance Co. Can now owns 4,787 shares of the bank’s stock worth $77,000 after acquiring an additional 3,073 shares during the period. BNP Paribas Arbitrage SA increased its position in First Mid Bancshares by 400.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,547 shares of the bank’s stock worth $88,000 after buying an additional 2,838 shares during the period. UBS Asset Management Americas Inc. bought a new position in First Mid Bancshares during the 3rd quarter worth $204,000. Finally, Sei Investments Co. bought a new position in First Mid Bancshares during the 2nd quarter worth $229,000. Institutional investors and hedge funds own 29.49% of the company’s stock.
A number of analysts have recently commented on the company. Zacks Investment Research raised First Mid Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, November 3rd. DA Davidson upgraded First Mid Bancshares from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Tuesday, September 29th. Stephens upgraded First Mid Bancshares from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $30.00 to $34.00 in a report on Thursday, November 12th. BidaskClub raised First Mid Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, ValuEngine raised First Mid Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, December 11th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $31.75.
Shares of FMBH stock opened at $35.18 on Friday. The stock has a market capitalization of $588.77 million, a PE ratio of 13.48 and a beta of 0.84. First Mid Bancshares, Inc. has a 1-year low of $18.60 and a 1-year high of $37.81. The business has a 50-day moving average of $32.91 and a 200 day moving average of $27.82. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.91 and a quick ratio of 0.91.
First Mid Bancshares (NASDAQ:FMBH) last released its quarterly earnings data on Thursday, October 29th. The bank reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. First Mid Bancshares had a return on equity of 8.05% and a net margin of 21.63%. The business had revenue of $46.10 million during the quarter, compared to analysts’ expectations of $46.20 million. Analysts anticipate that First Mid Bancshares, Inc. will post 2.66 EPS for the current year.
The business also recently declared a semi-annual dividend, which was paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, November 30th. This is a positive change from First Mid Bancshares’s previous semi-annual dividend of $0.40. This represents a dividend yield of 3%. First Mid Bancshares’s payout ratio is currently 28.57%.
In related news, Director Ray A. Sparks sold 5,134 shares of the business’s stock in a transaction that occurred on Friday, January 8th. The shares were sold at an average price of $35.32, for a total transaction of $181,332.88. Following the completion of the sale, the director now directly owns 212,146 shares in the company, valued at $7,492,996.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 13.50% of the company’s stock.
About First Mid Bancshares
First Mid Bancshares, Inc, through its subsidiaries, provides community banking products and services to commercial, retail, and agricultural customers in the United States. It accepts various deposit products, such as demand deposits, savings accounts, money market deposits, and time deposits. The company's loan products include commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.
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