First Mid Bancshares, Inc. (NASDAQ:FMBH) Stock Holdings Boosted by Creative Planning

Creative Planning increased its position in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,397 shares of the bank’s stock after acquiring an additional 2,186 shares during the period. Creative Planning owned approximately 0.45% of First Mid Bancshares worth $3,498,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FMBH. EntryPoint Capital LLC bought a new position in First Mid Bancshares in the 1st quarter worth about $29,000. CWM LLC increased its position in First Mid Bancshares by 344.2% in the 2nd quarter. CWM LLC now owns 884 shares of the bank’s stock valued at $29,000 after acquiring an additional 685 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in First Mid Bancshares during the 1st quarter valued at $208,000. Choreo LLC boosted its position in First Mid Bancshares by 17.9% during the 2nd quarter. Choreo LLC now owns 7,568 shares of the bank’s stock worth $246,000 after acquiring an additional 1,149 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of First Mid Bancshares by 84.7% in the first quarter. BNP Paribas Financial Markets now owns 10,774 shares of the bank’s stock worth $352,000 after purchasing an additional 4,941 shares in the last quarter. 47.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FMBH shares. Hovde Group started coverage on shares of First Mid Bancshares in a research note on Wednesday, June 26th. They set an “outperform” rating and a $35.00 price objective on the stock. Keefe, Bruyette & Woods cut shares of First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 target price on the stock. in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.20.

First Mid Bancshares Stock Up 1.4 %

Shares of FMBH stock opened at $37.35 on Friday. First Mid Bancshares, Inc. has a 1 year low of $25.73 and a 1 year high of $41.02. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.91 and a current ratio of 0.91. The business’s fifty day moving average is $38.59 and its 200-day moving average is $34.44. The stock has a market cap of $892.52 million, a PE ratio of 12.05 and a beta of 0.89.

First Mid Bancshares (NASDAQ:FMBH) last issued its quarterly earnings results on Thursday, August 1st. The bank reported $0.84 EPS for the quarter, topping the consensus estimate of $0.79 by $0.05. First Mid Bancshares had a net margin of 16.75% and a return on equity of 10.43%. The firm had revenue of $79.19 million for the quarter, compared to analysts’ expectations of $78.25 million. Equities analysts expect that First Mid Bancshares, Inc. will post 3.47 earnings per share for the current fiscal year.

First Mid Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.24 dividend. This is an increase from First Mid Bancshares’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Friday, August 16th. First Mid Bancshares’s dividend payout ratio (DPR) is 30.97%.

First Mid Bancshares Company Profile

First Mid Bancshares, Inc, a financial holding company, 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, as well as construction and land development, 1-4 family residential properties, and multifamily residential properties loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.