First Mid Bancshares, Inc. (NASDAQ:FMBH) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 44.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,006 shares of the bank’s stock after acquiring an additional 3,703 shares during the quarter. SG Americas Securities LLC owned approximately 0.05% of First Mid Bancshares worth $467,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Victory Capital Management Inc. boosted its position in shares of First Mid Bancshares by 2.2% during the 2nd quarter. Victory Capital Management Inc. now owns 30,350 shares of the bank’s stock worth $998,000 after acquiring an additional 650 shares in the last quarter. CWM LLC boosted its position in shares of 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 purchasing an additional 685 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of First Mid Bancshares in the 1st quarter valued at about $29,000. Rhumbline Advisers boosted its position in shares of First Mid Bancshares by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 33,272 shares of the bank’s stock valued at $1,094,000 after purchasing an additional 1,049 shares during the period. Finally, Choreo LLC boosted its position in shares of First Mid Bancshares by 17.9% in the 2nd quarter. Choreo LLC now owns 7,568 shares of the bank’s stock valued at $246,000 after purchasing an additional 1,149 shares during the period. 47.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FMBH has been the subject of a number of research analyst reports. Hovde Group initiated coverage on First Mid Bancshares in a research report on Wednesday, June 26th. They issued an “outperform” rating and a $35.00 target price for the company. Keefe, Bruyette & Woods cut First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 target price for the company. in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, First Mid Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.20.

First Mid Bancshares Stock Up 0.8 %

First Mid Bancshares stock opened at $40.19 on Thursday. First Mid Bancshares, Inc. has a twelve month low of $25.73 and a twelve month high of $41.02. The stock has a 50 day moving average of $38.61 and a two-hundred day moving average of $34.88. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $960.38 million, a price-to-earnings ratio of 12.96 and a beta of 0.89.

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

First Mid Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from First Mid Bancshares’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, August 16th. First Mid Bancshares’s dividend payout ratio is 30.97%.

About First Mid Bancshares

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.