First Mid Bancshares, Inc. $FMBH Shares Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC grew its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 609.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 86,292 shares of the bank’s stock after purchasing an additional 74,133 shares during the quarter. Valeo Financial Advisors LLC’s holdings in First Mid Bancshares were worth $3,235,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Wyoming grew its position in First Mid Bancshares by 33.4% during the 1st quarter. State of Wyoming now owns 1,410 shares of the bank’s stock worth $49,000 after purchasing an additional 353 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of First Mid Bancshares by 32.0% during the second quarter. Federated Hermes Inc. now owns 1,710 shares of the bank’s stock valued at $64,000 after buying an additional 415 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of First Mid Bancshares by 2.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 24,002 shares of the bank’s stock valued at $900,000 after acquiring an additional 537 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in First Mid Bancshares by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,566 shares of the bank’s stock worth $473,000 after acquiring an additional 550 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in First Mid Bancshares by 0.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 84,392 shares of the bank’s stock worth $3,164,000 after acquiring an additional 680 shares during the last quarter. 47.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on FMBH. Zacks Research upgraded First Mid Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of First Mid Bancshares in a research report on Tuesday, December 9th. Finally, Piper Sandler cut their price target on shares of First Mid Bancshares from $49.00 to $48.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $42.80.

First Mid Bancshares Stock Performance

Shares of FMBH stock opened at $42.28 on Tuesday. First Mid Bancshares, Inc. has a 52-week low of $27.58 and a 52-week high of $42.49. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.37. The stock has a market cap of $1.01 billion, a PE ratio of 11.58 and a beta of 0.93. The business has a 50-day simple moving average of $37.54 and a 200-day simple moving average of $38.02.

First Mid Bancshares (NASDAQ:FMBH) last posted its earnings results on Thursday, October 30th. The bank reported $0.97 EPS for the quarter, topping the consensus estimate of $0.96 by $0.01. First Mid Bancshares had a return on equity of 10.27% and a net margin of 18.77%.The firm had revenue of $89.27 million for the quarter, compared to analyst estimates of $65.60 million. On average, equities analysts expect that First Mid Bancshares, Inc. will post 3.61 EPS for the current year.

First Mid Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, November 14th. First Mid Bancshares’s payout ratio is 27.40%.

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.