SG Americas Securities LLC Grows Stake in First Mid Bancshares, Inc. (NASDAQ:FMBH)

SG Americas Securities LLC boosted its position in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 44.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 12,006 shares of the bank’s stock after buying an additional 3,703 shares during the period. SG Americas Securities LLC’s holdings in First Mid Bancshares were worth $467,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FMBH. EntryPoint Capital LLC purchased a new position in First Mid Bancshares in the 1st quarter valued at approximately $29,000. CWM LLC increased its stake in First Mid Bancshares by 344.2% in 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 purchased a new position in First Mid Bancshares in the 1st quarter valued at approximately $208,000. Choreo LLC increased its stake in 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 in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in First Mid Bancshares by 84.7% in the 1st quarter. BNP Paribas Financial Markets now owns 10,774 shares of the bank’s stock valued at $352,000 after purchasing an additional 4,941 shares in the last quarter. 47.57% of the stock is owned by hedge funds and other institutional investors.

First Mid Bancshares Price Performance

FMBH stock opened at $40.19 on Thursday. First Mid Bancshares, Inc. has a 52-week low of $25.73 and a 52-week high of $41.02. The stock’s fifty day simple moving average is $38.61 and its 200-day simple moving average is $34.88. 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 stock has a market capitalization of $960.38 million, a price-to-earnings ratio of 12.96 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.05. First Mid Bancshares had a return on equity of 10.43% and a net margin of 16.75%. The business had revenue of $79.19 million for the quarter, compared to analysts’ expectations of $78.25 million. Equities research analysts expect that First Mid Bancshares, Inc. will post 3.47 EPS for the current year.

First Mid Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.24 per share. This is a boost from First Mid Bancshares’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, August 16th. This represents a $0.96 annualized dividend and a dividend yield of 2.39%. First Mid Bancshares’s dividend payout ratio (DPR) is 30.97%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods downgraded First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 price target for the company. in a research report on Wednesday, October 2nd. Hovde Group assumed coverage on First Mid Bancshares in a research report on Wednesday, June 26th. They set an “outperform” rating and a $35.00 price target for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, First Mid Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.20.

About First Mid Bancshares

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.