Deutsche Bank AG Purchases New Shares in First Mid Bancshares, Inc. $FMBH

Deutsche Bank AG bought a new position in First Mid Bancshares, Inc. (NASDAQ:FMBH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 174,520 shares of the bank’s stock, valued at approximately $6,038,000.

Other large investors also recently modified their holdings of the company. Clearstead Advisors LLC lifted its position in First Mid Bancshares by 147.2% during the 4th quarter. Clearstead Advisors LLC now owns 848 shares of the bank’s stock valued at $33,000 after purchasing an additional 505 shares during the period. Strs Ohio acquired a new stake in shares of First Mid Bancshares during the 1st quarter worth approximately $42,000. Aquatic Capital Management LLC grew its position in shares of First Mid Bancshares by 272.5% during the 3rd quarter. Aquatic Capital Management LLC now owns 1,438 shares of the bank’s stock worth $54,000 after buying an additional 1,052 shares during the period. Federated Hermes Inc. raised its stake in shares of First Mid Bancshares by 32.0% during the second quarter. Federated Hermes Inc. now owns 1,710 shares of the bank’s stock worth $64,000 after buying an additional 415 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of First Mid Bancshares by 113.0% during the second quarter. Quantbot Technologies LP now owns 2,394 shares of the bank’s stock worth $90,000 after buying an additional 1,270 shares during the last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FMBH. Raymond James Financial reissued an “outperform” rating and issued a $48.00 price target on shares of First Mid Bancshares in a research note on Friday, May 1st. Keefe, Bruyette & Woods upped their price objective on First Mid Bancshares from $50.00 to $54.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Piper Sandler increased their target price on First Mid Bancshares from $55.00 to $62.50 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Weiss Ratings reissued a “buy (b)” rating on shares of First Mid Bancshares in a research note on Wednesday, July 29th. Finally, DA Davidson raised their target price on First Mid Bancshares from $47.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.62.

First Mid Bancshares Stock Up 0.3%

FMBH stock opened at $50.45 on Tuesday. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 12.52 and a beta of 0.78. First Mid Bancshares, Inc. has a twelve month low of $34.15 and a twelve month high of $53.36. The business has a 50 day moving average price of $49.57 and a two-hundred day moving average price of $45.11. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.03.

First Mid Bancshares (NASDAQ:FMBH) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.21. The company had revenue of $109.32 million for the quarter, compared to analyst estimates of $107.42 million. First Mid Bancshares had a net margin of 19.76% and a return on equity of 10.86%. Analysts anticipate that First Mid Bancshares, Inc. will post 4.69 EPS for the current fiscal year.

First Mid Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be paid a $0.26 dividend. This is a boost from First Mid Bancshares’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, August 18th. This represents a $1.04 annualized dividend and a yield of 2.1%. First Mid Bancshares’s dividend payout ratio is presently 25.81%.

First Mid Bancshares Company Profile

First Mid Bancshares, Inc (NASDAQ: FMBH), headquartered in Mattoon, Illinois, is a financial services holding company that offers a comprehensive suite of banking products and services through its main subsidiary, First Mid Bank & Trust. The company’s primary business activities include commercial and retail banking, mortgage origination and servicing, wealth management and trust administration, as well as treasury and cash management solutions.

Through its branch network, First Mid provides consumer deposit products such as checking and savings accounts, certificates of deposit and online banking services.