28,131 Shares in First Mid Bancshares, Inc. $FMBH Purchased by Visionary Wealth Advisors

Visionary Wealth Advisors purchased a new position in First Mid Bancshares, Inc. (NASDAQ:FMBH) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 28,131 shares of the bank’s stock, valued at approximately $1,353,000.

Several other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in First Mid Bancshares by 256.9% during the 1st quarter. AQR Capital Management LLC now owns 105,648 shares of the bank’s stock valued at $3,687,000 after purchasing an additional 76,050 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of First Mid Bancshares by 4.2% in the first 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 in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of First Mid Bancshares by 1,662.9% in the first quarter. Jones Financial Companies Lllp now owns 4,231 shares of the bank’s stock worth $148,000 after buying an additional 3,991 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of First Mid Bancshares by 31.5% during the first 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 grew its holdings in shares of First Mid Bancshares by 494.1% during the first quarter. Jane Street Group LLC now owns 32,755 shares of the bank’s stock valued at $1,143,000 after buying an additional 27,242 shares during the last quarter. 47.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on FMBH shares. 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 report on Monday, July 27th. Raymond James Financial reiterated an “outperform” rating and set a $48.00 target price on shares of First Mid Bancshares in a research note on Friday, May 1st. Keefe, Bruyette & Woods lifted their target price 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. Weiss Ratings restated a “buy (b)” rating on shares of First Mid Bancshares in a research note on Wednesday, July 29th. Finally, Piper Sandler upped their price target on First Mid Bancshares from $55.00 to $62.50 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.62.

First Mid Bancshares Stock Performance

Shares of FMBH stock opened at $50.45 on Tuesday. The company has a 50 day moving average price of $49.57 and a 200-day moving average price of $45.11. First Mid Bancshares, Inc. has a 52 week low of $34.15 and a 52 week high of $53.36. The firm has a market capitalization of $1.34 billion, a PE ratio of 12.52 and a beta of 0.78. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.03.

First Mid Bancshares (NASDAQ:FMBH) last released 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. The firm had revenue of $109.32 million during the quarter, compared to analysts’ expectations of $107.42 million. First Mid Bancshares had a net margin of 19.76% and a return on equity of 10.86%. As a group, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be given a $0.26 dividend. This is a boost 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 yield of 2.1%. First Mid Bancshares’s payout ratio is presently 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.