Visionary Wealth Advisors Purchases New Position in First Mid Bancshares, Inc. $FMBH

Visionary Wealth Advisors purchased a new stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 28,131 shares of the bank’s stock, valued at approximately $1,353,000. Visionary Wealth Advisors owned about 0.11% of First Mid Bancshares at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. AQR Capital Management LLC increased its stake in shares of First Mid Bancshares by 256.9% during the first quarter. AQR Capital Management LLC now owns 105,648 shares of the bank’s stock valued at $3,687,000 after buying an additional 76,050 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in First Mid Bancshares by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,566 shares of the bank’s stock worth $473,000 after acquiring an additional 550 shares during the period. Jones Financial Companies Lllp boosted its holdings in First Mid Bancshares by 1,662.9% in the first quarter. Jones Financial Companies Lllp now owns 4,231 shares of the bank’s stock valued at $148,000 after acquiring an additional 3,991 shares in the last quarter. Empowered Funds LLC increased its position in First Mid Bancshares by 31.5% during the 1st quarter. Empowered Funds LLC now owns 72,134 shares of the bank’s stock valued at $2,517,000 after purchasing an additional 17,266 shares during the period. Finally, Jane Street Group LLC raised its holdings in First Mid Bancshares by 494.1% in the 1st quarter. Jane Street Group LLC now owns 32,755 shares of the bank’s stock worth $1,143,000 after purchasing an additional 27,242 shares in the last quarter. Hedge funds and other institutional investors own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

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

First Mid Bancshares Trading Up 0.3%

Shares of NASDAQ FMBH opened at $50.45 on Tuesday. First Mid Bancshares, Inc. has a 1 year low of $34.15 and a 1 year high of $53.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a 50-day moving average of $49.57 and a 200 day moving average of $45.11. The stock has a market cap of $1.34 billion, a P/E ratio of 12.52 and a beta of 0.78.

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.21. First Mid Bancshares had a net margin of 19.76% and a return on equity of 10.86%. The business had revenue of $109.32 million for the quarter, compared to analysts’ expectations of $107.42 million. As a group, sell-side analysts expect that First Mid Bancshares, Inc. will post 4.69 EPS for the current fiscal year.

First Mid Bancshares Increases Dividend

The business 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 represents a $1.04 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, August 18th. This is an increase from First Mid Bancshares’s previous quarterly dividend of $0.25. First Mid Bancshares’s dividend payout ratio (DPR) is currently 25.81%.

About First Mid Bancshares

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.