First Mid Bancshares, Inc. (NASDAQ:FMBH) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC increased its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 5.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,114 shares of the bank’s stock after acquiring an additional 2,948 shares during the period. Empowered Funds LLC owned approximately 0.25% of First Mid Bancshares worth $2,339,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. EntryPoint Capital LLC acquired a new stake in First Mid Bancshares in the first quarter valued at $29,000. CWM LLC grew its holdings in First Mid Bancshares by 344.2% in the second quarter. CWM LLC now owns 884 shares of the bank’s stock valued at $29,000 after purchasing an additional 685 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in First Mid Bancshares in the first quarter valued at $208,000. Choreo LLC grew its holdings in First Mid Bancshares by 17.9% in the second quarter. Choreo LLC now owns 7,568 shares of the bank’s stock valued at $246,000 after purchasing an additional 1,149 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in First Mid Bancshares by 84.7% in the first quarter. BNP Paribas Financial Markets now owns 10,774 shares of the bank’s stock valued at $352,000 after purchasing an additional 4,941 shares during the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on FMBH. Stephens upped their target price on First Mid Bancshares from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods lowered First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 price objective on the stock. in a research note on Wednesday, October 2nd. DA Davidson lowered First Mid Bancshares from a “buy” rating to a “neutral” rating and increased their price objective for the company from $44.00 to $47.00 in a research note on Tuesday, November 12th. Finally, Piper Sandler increased their price objective on First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

First Mid Bancshares Stock Performance

NASDAQ FMBH opened at $41.29 on Wednesday. The business’s 50-day moving average price is $39.25 and its 200 day moving average price is $36.45. First Mid Bancshares, Inc. has a twelve month low of $28.86 and a twelve month high of $43.52. The company has a market capitalization of $987.24 million, a PE ratio of 12.70 and a beta of 0.89. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41.

First Mid Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.96 annualized dividend and a yield of 2.33%. First Mid Bancshares’s dividend payout ratio (DPR) is presently 29.54%.

First Mid Bancshares Company Profile

First Mid Bancshares, Inc, a financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States. It accepts various deposit products, such as demand deposits, savings accounts, money market deposits, and time deposits. The company’s loan products include commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans, as well as construction and land development, 1-4 family residential properties, and multifamily residential properties loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.