Centiva Capital LP Makes New Investment in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Centiva Capital LP purchased a new position in First Mid Bancshares, Inc. (NASDAQ:FMBH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,467 shares of the bank’s stock, valued at approximately $213,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. PDT Partners LLC bought a new position in First Mid Bancshares in the 3rd quarter valued at approximately $203,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of First Mid Bancshares by 12.0% during 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. BNP Paribas Financial Markets lifted its stake in shares of First Mid Bancshares by 33.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank’s stock valued at $233,000 after buying an additional 1,510 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of First Mid Bancshares in the third quarter worth about $84,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of First Mid Bancshares during the third quarter worth $869,000. Hedge funds and other institutional investors own 47.57% of the company’s stock.

Wall Street Analyst Weigh In

FMBH has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price objective on First Mid Bancshares from $42.00 to $45.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler lifted their price target on First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Stephens cut shares of First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a research note on Monday. Finally, DA Davidson downgraded First Mid Bancshares from a “buy” rating to a “neutral” rating and upped their target price for the stock from $44.00 to $47.00 in a research note on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

First Mid Bancshares Stock Down 1.3 %

FMBH stock opened at $41.38 on Friday. First Mid Bancshares, Inc. has a 12 month low of $28.86 and a 12 month high of $43.86. The company has a fifty day moving average price of $40.33 and a 200 day moving average price of $37.48. The company has a market cap of $989.48 million, a price-to-earnings ratio of 12.73 and a beta of 0.91. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.96 annualized dividend and a dividend yield of 2.32%. First Mid Bancshares’s dividend payout ratio is currently 29.54%.

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.