AQR Capital Management LLC Has $1.03 Million Stock Position in First Mid Bancshares, Inc. (NASDAQ:FMBH)

AQR Capital Management LLC boosted its position in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 106.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,333 shares of the bank’s stock after acquiring an additional 16,150 shares during the period. AQR Capital Management LLC owned 0.13% of First Mid Bancshares worth $1,030,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FMBH. EntryPoint Capital LLC acquired a new position in shares of First Mid Bancshares in the 1st quarter valued at $29,000. CWM LLC lifted its holdings in shares of First Mid Bancshares by 344.2% during the 2nd quarter. CWM LLC now owns 884 shares of the bank’s stock valued at $29,000 after purchasing an additional 685 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of First Mid Bancshares in the 1st quarter valued at approximately $208,000. Choreo LLC increased its stake in First Mid Bancshares by 17.9% during the 2nd quarter. Choreo LLC now owns 7,568 shares of the bank’s stock worth $246,000 after purchasing an additional 1,149 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in First Mid Bancshares by 84.7% during the 1st quarter. BNP Paribas Financial Markets now owns 10,774 shares of the bank’s stock worth $352,000 after purchasing an additional 4,941 shares in the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.

First Mid Bancshares Price Performance

NASDAQ FMBH opened at $38.42 on Friday. The firm’s 50 day moving average is $38.47 and its 200-day moving average is $34.71. 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 company has a market capitalization of $918.62 million, a PE ratio of 12.31 and a beta of 0.89. First Mid Bancshares, Inc. has a 12-month low of $25.73 and a 12-month high of $41.02.

First Mid Bancshares (NASDAQ:FMBH) last issued its quarterly earnings results on Thursday, August 1st. The bank reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.05. First Mid Bancshares had a net margin of 16.75% and a return on equity of 10.43%. The firm had revenue of $79.19 million for the quarter, compared to analyst estimates of $78.25 million. Equities research 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 business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.50%. The ex-dividend date was Friday, August 16th. This is a positive change from First Mid Bancshares’s previous quarterly dividend of $0.23. First Mid Bancshares’s dividend payout ratio is presently 30.77%.

Analyst Upgrades and Downgrades

FMBH has been the topic of a number of research reports. Hovde Group began coverage on shares of First Mid Bancshares in a research note on Wednesday, June 26th. They issued an “outperform” rating and a $35.00 price target on the stock. Keefe, Bruyette & Woods lowered shares of 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 note on Wednesday, October 2nd. One investment 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.20.

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.