Y Intercept Hong Kong Ltd Buys New Stake in First Mid Bancshares, Inc. $FMBH

Y Intercept Hong Kong Ltd purchased a new stake in First Mid Bancshares, Inc. (NASDAQ:FMBH) during the first quarter, HoldingsChannel.com reports. The fund purchased 18,501 shares of the bank’s stock, valued at approximately $762,000.

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

First Mid Bancshares Price Performance

First Mid Bancshares stock opened at $47.93 on Monday. The company has a market cap of $1.28 billion, a P/E ratio of 12.07 and a beta of 0.79. First Mid Bancshares, Inc. has a one year low of $34.15 and a one year high of $49.64. The business has a fifty day moving average of $45.24 and a two-hundred day moving average of $42.92. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 0.97.

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings results on Wednesday, April 29th. The bank reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. The business had revenue of $98.54 million during the quarter, compared to the consensus estimate of $96.45 million. First Mid Bancshares had a net margin of 19.95% and a return on equity of 10.44%. As a group, analysts predict that First Mid Bancshares, Inc. will post 4.58 earnings per share for the current fiscal year.

First Mid Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. First Mid Bancshares’s payout ratio is 25.19%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FMBH. Raymond James Financial reaffirmed an “outperform” rating and set a $48.00 price objective on shares of First Mid Bancshares in a report on Friday, May 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Mid Bancshares in a research report on Friday, May 1st. Keefe, Bruyette & Woods lifted their target price on shares of First Mid Bancshares from $46.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, May 1st. Piper Sandler reiterated an “overweight” rating and set a $55.00 price target (up from $52.00) on shares of First Mid Bancshares in a research note on Friday, May 1st. Finally, DA Davidson raised their price objective on shares of First Mid Bancshares from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, First Mid Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $49.50.

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.