Endeavour Capital Advisors Inc. Reduces Position in First Mid Bancshares, Inc. $FMBH

Endeavour Capital Advisors Inc. reduced its position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 26.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,278 shares of the bank’s stock after selling 66,512 shares during the period. First Mid Bancshares comprises approximately 2.2% of Endeavour Capital Advisors Inc.’s portfolio, making the stock its 19th largest position. Endeavour Capital Advisors Inc. owned approximately 0.78% of First Mid Bancshares worth $7,132,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FMBH. State of Alaska Department of Revenue acquired a new stake in First Mid Bancshares during the 3rd quarter worth $36,000. Strs Ohio acquired a new stake in shares of First Mid Bancshares during the first quarter worth about $42,000. Federated Hermes Inc. increased its position in shares of First Mid Bancshares by 32.0% during the second quarter. Federated Hermes Inc. now owns 1,710 shares of the bank’s stock worth $64,000 after purchasing an additional 415 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of First Mid Bancshares by 176.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,075 shares of the bank’s stock valued at $78,000 after purchasing an additional 1,324 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of First Mid Bancshares by 113.0% in the 2nd quarter. Quantbot Technologies LP now owns 2,394 shares of the bank’s stock valued at $90,000 after purchasing an additional 1,270 shares during the period. 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 weighed in on FMBH shares. Piper Sandler reduced their price objective on First Mid Bancshares from $49.00 to $48.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Zacks Research cut shares of First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of First Mid Bancshares in a research report on Monday, December 29th. Finally, DA Davidson lifted their price objective on shares of First Mid Bancshares from $45.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, First Mid Bancshares has a consensus rating of “Moderate Buy” and an average target price of $43.60.

First Mid Bancshares Stock Down 1.2%

Shares of First Mid Bancshares stock opened at $43.46 on Thursday. First Mid Bancshares, Inc. has a one year low of $27.58 and a one year high of $44.85. The company has a market cap of $1.04 billion, a P/E ratio of 11.32 and a beta of 0.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a fifty day moving average of $41.62 and a two-hundred day moving average of $39.33.

First Mid Bancshares (NASDAQ:FMBH) last issued 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 business had revenue of $90.14 million for the quarter, compared to analyst estimates of $67.86 million. First Mid Bancshares had a net margin of 19.69% and a return on equity of 10.61%. On average, analysts forecast that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current year.

First Mid Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, February 12th. First Mid Bancshares’s dividend payout ratio (DPR) is currently 26.04%.

Insider Buying and Selling

In other First Mid Bancshares news, CEO Clay M. Dean sold 1,099 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer owned 9,624 shares in the company, valued at approximately $410,848.56. This represents a 10.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bradley L. Beesley sold 6,000 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $44.00, for a total transaction of $264,000.00. Following the sale, the executive vice president owned 12,378 shares in the company, valued at $544,632. The trade was a 32.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 7.70% of the stock is 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.