Endeavour Capital Advisors Inc. Reduces Stake in First Mid Bancshares, Inc. $FMBH

Endeavour Capital Advisors Inc. trimmed its position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 26.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 188,278 shares of the bank’s stock after selling 66,512 shares during the quarter. First Mid Bancshares makes up 2.2% of Endeavour Capital Advisors Inc.’s portfolio, making the stock its 19th biggest holding. Endeavour Capital Advisors Inc.’s holdings in First Mid Bancshares were worth $7,132,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC raised its stake in shares of First Mid Bancshares by 256.9% during the 1st quarter. AQR Capital Management LLC now owns 105,648 shares of the bank’s stock worth $3,687,000 after buying an additional 76,050 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 worth $473,000 after acquiring an additional 550 shares during the last quarter. Jones Financial Companies Lllp raised its position in First Mid Bancshares by 1,662.9% during the first quarter. Jones Financial Companies Lllp now owns 4,231 shares of the bank’s stock worth $148,000 after acquiring an additional 3,991 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of First Mid Bancshares by 31.5% in the first quarter. Empowered Funds LLC now owns 72,134 shares of the bank’s stock valued at $2,517,000 after purchasing an additional 17,266 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of First Mid Bancshares by 494.1% in the first quarter. Jane Street Group LLC now owns 32,755 shares of the bank’s stock valued at $1,143,000 after purchasing an additional 27,242 shares during the last quarter. Hedge funds and other institutional investors own 47.57% of the company’s stock.

Insider Buying and Selling at First Mid Bancshares

In related news, CEO Clay M. Dean sold 1,099 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $42.69, for a total transaction of $46,916.31. Following the completion of the sale, the chief executive officer directly owned 9,624 shares of the company’s stock, valued at approximately $410,848.56. This represents a 10.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bradley L. Beesley sold 6,000 shares of the company’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 completion of the sale, the executive vice president directly owned 12,378 shares of the company’s stock, 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. Insiders own 7.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FMBH. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Mid Bancshares in a research note on Monday, December 29th. Piper Sandler reduced their price objective on shares of First Mid Bancshares from $49.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. DA Davidson lifted their target price on shares of First Mid Bancshares from $45.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Finally, Zacks Research lowered First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, First Mid Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $43.60.

First Mid Bancshares Stock Down 1.2%

Shares of NASDAQ FMBH opened at $43.46 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.04 billion, a PE ratio of 11.32 and a beta of 0.91. The firm has a fifty day moving average of $41.62 and a 200-day moving average of $39.33. First Mid Bancshares, Inc. has a 52-week low of $27.58 and a 52-week high of $44.85.

First Mid Bancshares (NASDAQ:FMBH) last issued its 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 10.61% and a net margin of 19.69%.The business had revenue of $90.14 million during the quarter, compared to analysts’ expectations of $67.86 million. On average, analysts anticipate that First Mid Bancshares, Inc. will post 3.61 EPS for the current year.

First Mid Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, February 12th. First Mid Bancshares’s dividend payout ratio (DPR) is currently 26.04%.

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.