First Mid Bancshares, Inc. $FMBH Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 58.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,042 shares of the bank’s stock after purchasing an additional 11,072 shares during the quarter. Hsbc Holdings PLC’s holdings in First Mid Bancshares were worth $1,173,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FMBH. Tudor Investment Corp ET AL boosted its position in shares of First Mid Bancshares by 421.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 71,260 shares of the bank’s stock worth $2,699,000 after purchasing an additional 57,600 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in First Mid Bancshares by 22.3% during the 4th quarter. Deprince Race & Zollo Inc. now owns 122,504 shares of the bank’s stock valued at $4,778,000 after buying an additional 22,358 shares in the last quarter. Endeavour Capital Advisors Inc. increased its position in First Mid Bancshares by 10.9% during the 4th quarter. Endeavour Capital Advisors Inc. now owns 208,719 shares of the bank’s stock valued at $8,140,000 after buying an additional 20,441 shares in the last quarter. Aquatic Capital Management LLC raised its stake in First Mid Bancshares by 272.5% in the third quarter. Aquatic Capital Management LLC now owns 1,438 shares of the bank’s stock valued at $54,000 after buying an additional 1,052 shares during the last quarter. Finally, Strs Ohio purchased a new stake in First Mid Bancshares in the first quarter valued at about $42,000. 47.57% of the stock is owned by institutional investors and hedge funds.

First Mid Bancshares Price Performance

First Mid Bancshares stock opened at $47.93 on Monday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 12.07 and a beta of 0.79. First Mid Bancshares, Inc. has a 52 week low of $34.15 and a 52 week high of $49.64. The business’s 50-day moving average price is $45.24 and its 200 day moving average price is $42.92. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.03.

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings results on Wednesday, April 29th. The bank reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. The company had revenue of $98.54 million during the quarter, compared to the consensus estimate of $96.45 million. First Mid Bancshares had a return on equity of 10.44% and a net margin of 19.95%. As a group, sell-side analysts anticipate that First Mid Bancshares, Inc. will post 4.58 earnings per share for the current year.

First Mid Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. First Mid Bancshares’s payout ratio is presently 25.19%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FMBH. DA Davidson raised their price target on First Mid Bancshares from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Raymond James Financial reaffirmed an “outperform” rating and issued a $48.00 price objective on shares of First Mid Bancshares in a research report on Friday, May 1st. Keefe, Bruyette & Woods lifted their target price on shares of First Mid Bancshares from $46.00 to $48.00 and gave the stock a “market perform” rating in a research note on Friday, May 1st. Weiss Ratings reissued a “buy (b)” rating on shares of First Mid Bancshares in a research report on Friday, May 1st. Finally, Piper Sandler restated an “overweight” rating and set a $55.00 price target (up from $52.00) on shares of First Mid Bancshares in a research note on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.50.

First Mid Bancshares Company 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.