First Mid Bancshares, Inc. (NASDAQ:FMBH) Shares Sold by Empowered Funds LLC

Empowered Funds LLC lessened its position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 8.7% in the 4th quarter, HoldingsChannel reports. The fund owned 54,868 shares of the bank’s stock after selling 5,246 shares during the period. Empowered Funds LLC’s holdings in First Mid Bancshares were worth $2,020,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new position in First Mid Bancshares during the 3rd quarter worth approximately $566,000. Barclays PLC grew its holdings in First Mid Bancshares by 327.6% during the 3rd quarter. Barclays PLC now owns 34,347 shares of the bank’s stock worth $1,337,000 after acquiring an additional 26,315 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of First Mid Bancshares by 12.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,959 shares of the bank’s stock valued at $738,000 after buying an additional 2,028 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of First Mid Bancshares by 24.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 133,132 shares of the bank’s stock valued at $5,180,000 after buying an additional 25,855 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in First Mid Bancshares by 1.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 88,910 shares of the bank’s stock worth $3,459,000 after purchasing an additional 900 shares during the period. Institutional investors and hedge funds own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

FMBH has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of First Mid Bancshares from $42.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Stephens reiterated an “equal weight” rating and issued a $43.00 price target on shares of First Mid Bancshares in a report on Friday, January 24th. Piper Sandler raised their target price on shares of First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, DA Davidson downgraded shares of First Mid Bancshares from a “buy” rating to a “neutral” rating and raised their target price for the company from $44.00 to $47.00 in a report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $43.40.

Insider Buying and Selling

In other First Mid Bancshares news, Director James Edwin Zimmer purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average price of $39.87 per share, for a total transaction of $39,870.00. Following the completion of the acquisition, the director now owns 4,050 shares of the company’s stock, valued at approximately $161,473.50. This represents a 32.79 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.70% of the company’s stock.

First Mid Bancshares Price Performance

First Mid Bancshares stock opened at $38.63 on Friday. First Mid Bancshares, Inc. has a 12-month low of $28.86 and a 12-month high of $43.86. The stock has a market capitalization of $923.72 million, a P/E ratio of 11.74 and a beta of 0.93. The firm’s 50-day moving average is $37.84 and its two-hundred day moving average is $38.85. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91.

First Mid Bancshares (NASDAQ:FMBH) last released its earnings results on Thursday, January 23rd. The bank reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.05. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. Equities analysts predict that First Mid Bancshares, Inc. will post 3.58 earnings per share for the current year.

First Mid Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be given a $0.24 dividend. The ex-dividend date is Thursday, February 13th. This represents a $0.96 annualized dividend and a dividend yield of 2.49%. First Mid Bancshares’s dividend payout ratio is presently 29.18%.

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.