Ieq Capital LLC Invests $588,000 in First Mid Bancshares, Inc. $FMBH

Ieq Capital LLC purchased a new stake in First Mid Bancshares, Inc. (NASDAQ:FMBH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,218 shares of the bank’s stock, valued at approximately $588,000.

A number of other large investors have also made changes to their positions in FMBH. AQR Capital Management LLC lifted its holdings in First Mid Bancshares by 256.9% during the first quarter. AQR Capital Management LLC now owns 105,648 shares of the bank’s stock worth $3,687,000 after acquiring an additional 76,050 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of First Mid Bancshares by 4.2% in the first 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 in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of First Mid Bancshares by 1,662.9% in the first quarter. Jones Financial Companies Lllp now owns 4,231 shares of the bank’s stock worth $148,000 after acquiring an additional 3,991 shares in the last quarter. Empowered Funds LLC raised its position in shares of First Mid Bancshares by 31.5% during the first quarter. Empowered Funds LLC now owns 72,134 shares of the bank’s stock worth $2,517,000 after purchasing an additional 17,266 shares during the period. Finally, Jane Street Group LLC raised its position in shares of First Mid Bancshares by 494.1% during the first quarter. Jane Street Group LLC now owns 32,755 shares of the bank’s stock worth $1,143,000 after purchasing an additional 27,242 shares during the period. Institutional investors own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

FMBH has been the subject of a number of research reports. Raymond James Financial reissued an “outperform” rating and set a $48.00 target price on shares of First Mid Bancshares in a research note on Friday, May 1st. Piper Sandler upped their price target on shares of First Mid Bancshares from $55.00 to $62.50 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Keefe, Bruyette & Woods increased their price objective on shares of First Mid Bancshares from $50.00 to $54.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Weiss Ratings reissued a “buy (b)” rating on shares of First Mid Bancshares in a research report on Wednesday, July 29th. Finally, DA Davidson raised their price objective on shares of First Mid Bancshares from $47.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, First Mid Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $54.62.

First Mid Bancshares Stock Up 0.1%

NASDAQ:FMBH opened at $50.34 on Friday. The stock has a 50-day simple moving average of $49.93 and a 200 day simple moving average of $45.27. First Mid Bancshares, Inc. has a 52-week low of $34.15 and a 52-week high of $53.36. The company has a market cap of $1.34 billion, a PE ratio of 12.49 and a beta of 0.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.95 and a current ratio of 0.95.

First Mid Bancshares (NASDAQ:FMBH) last released its earnings results on Thursday, July 23rd. The bank reported $1.26 EPS for the quarter, beating the consensus estimate of $1.05 by $0.21. First Mid Bancshares had a return on equity of 10.86% and a net margin of 19.76%.The firm had revenue of $109.32 million for the quarter, compared to analysts’ expectations of $107.42 million. On average, sell-side analysts expect that First Mid Bancshares, Inc. will post 4.69 EPS for the current fiscal year.

First Mid Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be given a $0.26 dividend. This is a boost from First Mid Bancshares’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, August 18th. First Mid Bancshares’s payout ratio is presently 25.81%.

First Mid Bancshares Profile

First Mid Bancshares, Inc (NASDAQ: FMBH), headquartered in Mattoon, Illinois, is a financial services holding company that offers a comprehensive suite of banking products and services through its main subsidiary, First Mid Bank & Trust. The company’s primary business activities include commercial and retail banking, mortgage origination and servicing, wealth management and trust administration, as well as treasury and cash management solutions.

Through its branch network, First Mid provides consumer deposit products such as checking and savings accounts, certificates of deposit and online banking services.