First Mid Bancshares, Inc. (NASDAQ:FMBH) Shares Sold by Creative Planning

Creative Planning lowered its stake in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 5.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 100,513 shares of the bank’s stock after selling 5,884 shares during the quarter. Creative Planning’s holdings in First Mid Bancshares were worth $3,911,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FMBH. Victory Capital Management Inc. lifted its holdings in shares of First Mid Bancshares by 2.2% in the 2nd quarter. Victory Capital Management Inc. now owns 30,350 shares of the bank’s stock worth $998,000 after acquiring an additional 650 shares during the last quarter. CWM LLC raised its position 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 period. EntryPoint Capital LLC acquired a new position in First Mid Bancshares during the first quarter worth $29,000. Rhumbline Advisers boosted its position in shares of First Mid Bancshares by 3.3% during the second quarter. Rhumbline Advisers now owns 33,272 shares of the bank’s stock worth $1,094,000 after buying an additional 1,049 shares during the period. Finally, Choreo LLC grew its stake in shares of 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 buying an additional 1,149 shares in the last quarter. Hedge funds and other institutional investors own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lowered First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 target price on the stock. in a research note on Wednesday, October 2nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.20.

First Mid Bancshares Stock Down 2.6 %

First Mid Bancshares stock opened at $37.85 on Friday. The stock has a market cap of $904.46 million, a PE ratio of 12.21 and a beta of 0.89. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s fifty day moving average is $38.83 and its two-hundred day moving average is $35.23. First Mid Bancshares, Inc. has a 1-year low of $26.20 and a 1-year high of $41.02.

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings results on Thursday, August 1st. The bank reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.05. First Mid Bancshares had a net margin of 16.75% and a return on equity of 10.43%. The firm had revenue of $79.19 million during the quarter, compared to analysts’ expectations of $78.25 million. On average, sell-side analysts expect that First Mid Bancshares, Inc. will post 3.47 EPS for the current fiscal year.

First Mid Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.54%. The ex-dividend date was Friday, August 16th. This is a boost from First Mid Bancshares’s previous quarterly dividend of $0.23. First Mid Bancshares’s payout ratio is 30.97%.

About First Mid Bancshares

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.