First Mid Bancshares, Inc. (NASDAQ:FMBH) Shares Sold by Creative Planning

Creative Planning trimmed its holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 100,513 shares of the bank’s stock after selling 5,884 shares during the quarter. Creative Planning owned 0.42% of First Mid Bancshares worth $3,911,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FMBH. Victory Capital Management Inc. boosted its stake in shares of First Mid Bancshares by 2.2% in the second quarter. Victory Capital Management Inc. now owns 30,350 shares of the bank’s stock worth $998,000 after buying an additional 650 shares during the last quarter. CWM LLC boosted its position in First Mid Bancshares by 344.2% in the 2nd quarter. CWM LLC now owns 884 shares of the bank’s stock worth $29,000 after purchasing an additional 685 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of First Mid Bancshares during the 1st quarter worth approximately $29,000. Rhumbline Advisers increased its holdings in shares of First Mid Bancshares by 3.3% during 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 in the last quarter. Finally, Choreo LLC lifted its stake 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.

First Mid Bancshares Stock Performance

FMBH opened at $37.85 on Friday. First Mid Bancshares, Inc. has a 52-week low of $26.20 and a 52-week high of $41.02. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. The firm’s fifty day simple moving average is $38.83 and its two-hundred day simple moving average is $35.23. The company has a market cap of $904.46 million, a price-to-earnings ratio of 12.21 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 EPS for the quarter, topping the consensus estimate of $0.79 by $0.05. The company had revenue of $79.19 million during the quarter, compared to analyst estimates of $78.25 million. First Mid Bancshares had a return on equity of 10.43% and a net margin of 16.75%. Equities analysts anticipate that First Mid Bancshares, Inc. will post 3.47 earnings per share for the current fiscal year.

First Mid Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.24 dividend. This is an increase from First Mid Bancshares’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a yield of 2.54%. First Mid Bancshares’s dividend payout ratio is presently 30.97%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods downgraded shares of First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 price objective for the company. in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.20.

First Mid Bancshares 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.