Maltese Capital Management LLC Lowers Position in First Mid Bancshares, Inc. $FMBH

Maltese Capital Management LLC trimmed its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 18.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,000 shares of the bank’s stock after selling 18,500 shares during the period. Maltese Capital Management LLC’s holdings in First Mid Bancshares were worth $3,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Federated Hermes Inc. lifted its position in shares of First Mid Bancshares by 17.4% in the 3rd quarter. Federated Hermes Inc. now owns 2,007 shares of the bank’s stock worth $76,000 after purchasing an additional 297 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in First Mid Bancshares by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,566 shares of the bank’s stock valued at $473,000 after buying an additional 550 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in First Mid Bancshares by 8.8% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 8,008 shares of the bank’s stock worth $303,000 after buying an additional 648 shares in the last quarter. Russell Investments Group Ltd. raised its stake in First Mid Bancshares by 0.8% in the second quarter. Russell Investments Group Ltd. now owns 84,392 shares of the bank’s stock worth $3,164,000 after buying an additional 680 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in First Mid Bancshares during the third quarter worth $36,000. Institutional investors own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

FMBH has been the subject of several recent research reports. DA Davidson boosted their price target on First Mid Bancshares from $45.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of First Mid Bancshares in a research note on Monday, December 29th. Finally, Zacks Research downgraded shares of First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.75.

First Mid Bancshares Price Performance

Shares of FMBH opened at $39.87 on Tuesday. The company has a 50 day moving average of $41.84 and a two-hundred day moving average of $39.66. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.03. First Mid Bancshares, Inc. has a twelve month low of $27.58 and a twelve month high of $44.85. The company has a market cap of $960.07 million, a price-to-earnings ratio of 10.38 and a beta of 0.90.

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. First Mid Bancshares had a return on equity of 10.44% and a net margin of 19.69%.The business had revenue of $90.14 million for the quarter, compared to the consensus estimate of $67.86 million. As a group, analysts predict that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current fiscal year.

First Mid Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.5%. The ex-dividend date was Thursday, February 12th. First Mid Bancshares’s payout ratio is 26.04%.

Insider Activity

In other First Mid Bancshares news, CEO Clay M. Dean sold 1,099 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 9,624 shares of the company’s stock, valued at approximately $410,848.56. This trade represents a 10.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley L. Beesley sold 6,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $44.00, for a total value 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 position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.20% of the company’s stock.

First Mid Bancshares Company 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.