BNP Paribas Financial Markets Increases Holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH)

BNP Paribas Financial Markets lifted its holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 33.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,001 shares of the bank’s stock after acquiring an additional 1,510 shares during the period. BNP Paribas Financial Markets’ holdings in First Mid Bancshares were worth $233,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FMBH. Quantbot Technologies LP bought a new position in shares of First Mid Bancshares during the third quarter worth $84,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of First Mid Bancshares during the 3rd quarter valued at about $869,000. Thrivent Financial for Lutherans grew its position in shares of First Mid Bancshares by 17.2% during the third quarter. Thrivent Financial for Lutherans now owns 43,252 shares of the bank’s stock valued at $1,683,000 after purchasing an additional 6,353 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of First Mid Bancshares by 5.2% in the third quarter. Empowered Funds LLC now owns 60,114 shares of the bank’s stock worth $2,339,000 after purchasing an additional 2,948 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its position in shares of First Mid Bancshares by 29.9% in the third quarter. CarsonAllaria Wealth Management Ltd. now owns 9,927 shares of the bank’s stock worth $386,000 after buying an additional 2,285 shares in the last quarter. Hedge funds and other institutional investors own 47.57% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on FMBH shares. Stephens cut First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a report on Monday, December 9th. Piper Sandler raised their target price on shares of First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. DA Davidson downgraded shares of First Mid Bancshares from a “buy” rating to a “neutral” rating and upped their price target for the company from $44.00 to $47.00 in a research note on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, First Mid Bancshares presently has an average rating of “Moderate Buy” and an average target price of $42.50.

First Mid Bancshares Stock Performance

NASDAQ:FMBH opened at $40.94 on Tuesday. First Mid Bancshares, Inc. has a fifty-two week low of $28.86 and a fifty-two week high of $43.86. The firm has a market capitalization of $978.96 million, a PE ratio of 12.60 and a beta of 0.91. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s fifty day moving average is $40.48 and its 200 day moving average is $37.70.

First Mid Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.96 annualized dividend and a yield of 2.34%. First Mid Bancshares’s payout ratio is 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.