Hsbc Holdings PLC Purchases New Shares in First Mid Bancshares, Inc. $FMBH

Hsbc Holdings PLC acquired a new position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 11,966 shares of the bank’s stock, valued at approximately $574,000.

A number of other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in First Mid Bancshares by 5.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,101,095 shares of the bank’s stock valued at $45,354,000 after acquiring an additional 56,997 shares during the period. Principal Financial Group Inc. acquired a new stake in First Mid Bancshares during the 1st quarter worth approximately $1,012,000. Deutsche Bank AG acquired a new stake in First Mid Bancshares during the 2nd quarter worth approximately $1,173,000. The Manufacturers Life Insurance Company acquired a new stake in First Mid Bancshares during the 2nd quarter worth approximately $9,906,000. Finally, Pinnacle Holdings LLC purchased a new position in shares of First Mid Bancshares in the 2nd quarter valued at approximately $873,000. 47.57% of the stock is currently owned by institutional investors and hedge funds.

First Mid Bancshares Trading Up 1.7%

NASDAQ FMBH opened at $50.63 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.35 billion, a P/E ratio of 12.56 and a beta of 0.78. First Mid Bancshares, Inc. has a 52-week low of $34.15 and a 52-week high of $53.36. The firm has a 50-day moving average price of $50.12 and a 200 day moving average price of $45.42.

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, beating analysts’ consensus estimates of $1.05 by $0.21. First Mid Bancshares had a return on equity of 10.86% and a net margin of 19.76%.The company had revenue of $109.32 million for the quarter, compared to analyst estimates of $107.42 million. Equities research analysts expect that First Mid Bancshares, Inc. will post 4.69 EPS for the current year.

First Mid Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.04 annualized dividend and a dividend yield of 2.1%. This is an increase from First Mid Bancshares’s previous quarterly dividend of $0.25. First Mid Bancshares’s payout ratio is 25.81%.

Analyst Ratings Changes

A number of research firms have recently issued reports on FMBH. Weiss Ratings reissued a “buy (b)” rating on shares of First Mid Bancshares in a report on Wednesday, July 29th. Keefe, Bruyette & Woods increased their price target on First Mid Bancshares from $50.00 to $54.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. DA Davidson lifted their price objective on shares of First Mid Bancshares from $47.00 to $54.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Finally, Piper Sandler boosted their price objective on shares of First Mid Bancshares from $55.00 to $62.50 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $54.62.

First Mid Bancshares 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.