23,714 Shares in First Mid Bancshares, Inc. $FMBH Acquired by Globeflex Capital L P

Globeflex Capital L P purchased a new stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 23,714 shares of the bank’s stock, valued at approximately $1,140,000.

Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in First Mid Bancshares in the second quarter worth $62,000. Ieq Capital LLC acquired a new stake in shares of First Mid Bancshares in the second quarter valued at $588,000. Callan Family Office LLC acquired a new stake in shares of First Mid Bancshares in the second quarter valued at $365,000. Allworth Financial LP bought a new position in shares of First Mid Bancshares in the second quarter valued at about $290,000. Finally, Vise Technologies Inc. bought a new position in shares of First Mid Bancshares in the second quarter valued at about $481,000. Institutional investors own 47.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Raymond James Financial reissued 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 reissued a “buy (b)” rating on shares of First Mid Bancshares in a report on Wednesday, July 29th. DA Davidson boosted their price objective on shares of First Mid Bancshares from $47.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Keefe, Bruyette & Woods upped their price objective 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. Finally, Piper Sandler increased 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. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $54.62.

First Mid Bancshares Stock Up 0.3%

Shares of NASDAQ:FMBH opened at $50.45 on Tuesday. First Mid Bancshares, Inc. has a one year low of $34.15 and a one year high of $53.36. The company has a 50 day moving average of $49.57 and a 200-day moving average of $45.11. 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 stock 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 (NASDAQ:FMBH) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $1.26 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $107.42 million. On average, sell-side analysts forecast that First Mid Bancshares, Inc. will post 4.69 earnings per share for the current year.

First Mid Bancshares Increases Dividend

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

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.