Creative Planning Has $3.50 Million Holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Creative Planning increased its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 2.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 106,397 shares of the bank’s stock after acquiring an additional 2,186 shares during the period. Creative Planning’s holdings in First Mid Bancshares were worth $3,498,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in FMBH. Wellington Management Group LLP raised its position in shares of First Mid Bancshares by 5.9% in the fourth quarter. Wellington Management Group LLP now owns 294,666 shares of the bank’s stock valued at $10,213,000 after purchasing an additional 16,388 shares during the period. BNP Paribas Financial Markets raised its holdings 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 worth $352,000 after acquiring an additional 4,941 shares during the period. Empowered Funds LLC lifted its position in First Mid Bancshares by 8.2% during the 1st quarter. Empowered Funds LLC now owns 53,206 shares of the bank’s stock worth $1,739,000 after acquiring an additional 4,015 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in First Mid Bancshares by 29.3% during the first quarter. Russell Investments Group Ltd. now owns 67,127 shares of the bank’s stock valued at $2,194,000 after acquiring an additional 15,227 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of First Mid Bancshares by 7.1% in the first quarter. Vanguard Group Inc. now owns 1,292,218 shares of the bank’s stock valued at $42,230,000 after purchasing an additional 85,434 shares during the last quarter. 47.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FMBH has been the subject of several research analyst reports. Hovde Group began coverage on First Mid Bancshares in a research report on Wednesday, June 26th. They set an “outperform” rating and a $35.00 price objective for the company. Keefe, Bruyette & Woods lowered First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 price target for the company. in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.20.

First Mid Bancshares Stock Up 1.4 %

FMBH stock opened at $37.35 on Friday. First Mid Bancshares, Inc. has a twelve month low of $25.73 and a twelve month high of $41.02. 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 cap of $892.52 million, a PE ratio of 12.05 and a beta of 0.89. The business’s 50-day simple moving average is $38.59 and its 200 day simple moving average is $34.44.

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings data on Thursday, August 1st. The bank reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. The company had revenue of $79.19 million during the quarter, compared to the consensus estimate of $78.25 million. First Mid Bancshares had a return on equity of 10.43% and a net margin of 16.75%. On average, research analysts anticipate that First Mid Bancshares, Inc. will post 3.47 earnings per share for the current year.

First Mid Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.96 dividend on an annualized basis and a yield of 2.57%. This is an increase from First Mid Bancshares’s previous quarterly dividend of $0.23. First Mid Bancshares’s payout ratio is currently 30.97%.

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.