10,563 Shares in First Mid Bancshares, Inc. $FMBH Bought by Callan Family Office LLC

Callan Family Office LLC acquired a new position in First Mid Bancshares, Inc. (NASDAQ:FMBH) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,563 shares of the bank’s stock, valued at approximately $365,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in First Mid Bancshares in the second quarter valued at approximately $630,909,000. Bank of New York Mellon Corp acquired a new stake in First Mid Bancshares in the second quarter worth $39,888,000. Deutsche Bank AG bought a new stake in First Mid Bancshares in the second quarter valued at $6,038,000. AQR Capital Management LLC lifted its stake in First Mid Bancshares by 256.9% in the first quarter. AQR Capital Management LLC now owns 105,648 shares of the bank’s stock valued at $3,687,000 after buying an additional 76,050 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in shares of First Mid Bancshares by 63.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 161,024 shares of the bank’s stock worth $6,100,000 after acquiring an additional 62,404 shares during the last quarter. 47.57% of the stock is owned by institutional investors and hedge funds.

First Mid Bancshares Trading Up 0.3%

Shares of NASDAQ:FMBH opened at $50.30 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 12.48 and a beta of 0.78. First Mid Bancshares, Inc. has a 1-year low of $34.15 and a 1-year high of $53.36. The company has a 50 day moving average price of $49.75 and a 200 day moving average price of $45.20.

First Mid Bancshares (NASDAQ:FMBH) last issued its earnings results on Thursday, July 23rd. The bank reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.21. First Mid Bancshares had a return on equity of 10.86% and a net margin of 19.76%.The business had revenue of $109.32 million for the quarter, compared to analysts’ expectations of $107.42 million. On average, research analysts anticipate that First Mid Bancshares, Inc. will post 4.69 EPS for the current fiscal year.

First Mid Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.1%. This is an increase from First Mid Bancshares’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, August 18th. First Mid Bancshares’s payout ratio is 25.81%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FMBH shares. Weiss Ratings reiterated a “buy (b)” rating on shares of First Mid Bancshares in a research report on Wednesday, July 29th. Piper Sandler boosted their price target on First Mid Bancshares from $55.00 to $62.50 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Raymond James Financial reissued an “outperform” rating and issued a $48.00 price target on shares of First Mid Bancshares in a research note on Friday, May 1st. Keefe, Bruyette & Woods upped their price objective on shares of First Mid Bancshares from $50.00 to $54.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Finally, DA Davidson upped 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. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, First Mid Bancshares has an average rating of “Moderate Buy” and a consensus target price of $54.62.

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.