HoldCo Asset Management LP Makes New Investment in First Mid Bancshares, Inc. $FMBH

HoldCo Asset Management LP bought a new stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 33,284 shares of the bank’s stock, valued at approximately $1,248,000. First Mid Bancshares makes up approximately 0.2% of HoldCo Asset Management LP’s holdings, making the stock its 15th largest holding. HoldCo Asset Management LP owned approximately 0.14% of First Mid Bancshares as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. PNC Financial Services Group Inc. acquired a new stake in shares of First Mid Bancshares during the first quarter worth $26,000. Strs Ohio purchased a new position in shares of First Mid Bancshares during the first quarter worth $42,000. State of Wyoming lifted its position in First Mid Bancshares by 33.4% during the first quarter. State of Wyoming now owns 1,410 shares of the bank’s stock valued at $49,000 after purchasing an additional 353 shares during the period. Federated Hermes Inc. boosted its holdings in First Mid Bancshares by 32.0% in the second quarter. Federated Hermes Inc. now owns 1,710 shares of the bank’s stock valued at $64,000 after purchasing an additional 415 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in First Mid Bancshares by 113.0% during the 2nd quarter. Quantbot Technologies LP now owns 2,394 shares of the bank’s stock worth $90,000 after purchasing an additional 1,270 shares during the period. 47.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FMBH shares. Zacks Research raised First Mid Bancshares from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Piper Sandler decreased their price target on First Mid Bancshares from $49.00 to $48.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Mid Bancshares in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $42.80.

First Mid Bancshares Stock Down 0.1%

First Mid Bancshares stock opened at $41.97 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $1.01 billion, a PE ratio of 11.50 and a beta of 0.93. The business has a 50 day simple moving average of $37.44 and a 200-day simple moving average of $37.94. First Mid Bancshares, Inc. has a 12 month low of $27.58 and a 12 month high of $42.50.

First Mid Bancshares (NASDAQ:FMBH) last released its quarterly earnings results on Thursday, October 30th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $89.27 million for the quarter, compared to analysts’ expectations of $65.60 million. First Mid Bancshares had a net margin of 18.77% and a return on equity of 10.27%. On average, analysts anticipate that First Mid Bancshares, Inc. will post 3.61 EPS for the current fiscal year.

First Mid Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. First Mid Bancshares’s payout ratio is currently 27.40%.

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.