Valeo Financial Advisors LLC Reduces Stock Holdings in First Mid Bancshares, Inc. $FMBH

Valeo Financial Advisors LLC lowered its stake in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 85.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,252 shares of the bank’s stock after selling 74,040 shares during the period. Valeo Financial Advisors LLC owned 0.05% of First Mid Bancshares worth $464,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in shares of First Mid Bancshares by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 557,725 shares of the bank’s stock valued at $20,912,000 after purchasing an additional 2,021 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of First Mid Bancshares by 7.1% during the 2nd quarter. American Century Companies Inc. now owns 532,170 shares of the bank’s stock worth $19,951,000 after acquiring an additional 35,282 shares during the period. JPMorgan Chase & Co. raised its position in shares of First Mid Bancshares by 3.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 245,565 shares of the bank’s stock worth $9,206,000 after acquiring an additional 8,169 shares in the last quarter. Bridgeway Capital Management LLC raised its position in shares of First Mid Bancshares by 5.7% in the 2nd quarter. Bridgeway Capital Management LLC now owns 130,630 shares of the bank’s stock worth $4,897,000 after acquiring an additional 6,996 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of First Mid Bancshares by 8.7% in the 2nd quarter. AQR Capital Management LLC now owns 114,824 shares of the bank’s stock valued at $4,305,000 after purchasing an additional 9,176 shares during the period. 47.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FMBH. Piper Sandler reduced their price target on First Mid Bancshares from $49.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Zacks Research lowered shares of First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of First Mid Bancshares in a research report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.80.

First Mid Bancshares Price Performance

Shares of NASDAQ:FMBH opened at $42.10 on Friday. The business has a fifty day moving average price of $40.46 and a 200-day moving average price of $38.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $1.01 billion, a PE ratio of 10.96 and a beta of 0.90. First Mid Bancshares, Inc. has a 1-year low of $27.58 and a 1-year high of $44.32.

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings results on Thursday, January 29th. The bank reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. The company had revenue of $90.14 million for the quarter, compared to analysts’ expectations of $67.86 million. First Mid Bancshares had a net margin of 19.69% and a return on equity of 10.61%. As a group, equities analysts expect that First Mid Bancshares, Inc. will post 3.61 EPS for the current fiscal year.

First Mid Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 12th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. First Mid Bancshares’s dividend payout ratio (DPR) is 27.40%.

Insiders Place Their Bets

In related news, CEO Clay M. Dean sold 1,099 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $42.69, for a total value of $46,916.31. Following the transaction, the chief executive officer directly owned 9,624 shares of the company’s stock, valued at approximately $410,848.56. This represents a 10.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.70% of the stock is currently owned by insiders.

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.