Endeavour Capital Advisors Inc. Acquires 20,441 Shares of First Mid Bancshares, Inc. $FMBH

Endeavour Capital Advisors Inc. increased its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,719 shares of the bank’s stock after acquiring an additional 20,441 shares during the quarter. First Mid Bancshares makes up 2.3% of Endeavour Capital Advisors Inc.’s investment portfolio, making the stock its 18th largest position. Endeavour Capital Advisors Inc. owned approximately 0.87% of First Mid Bancshares worth $8,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Tudor Investment Corp ET AL grew its stake in shares of First Mid Bancshares by 421.7% in the third 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 during the last quarter. American Century Companies Inc. boosted its position in shares of First Mid Bancshares by 9.8% during the third quarter. American Century Companies Inc. now owns 584,286 shares of the bank’s stock valued at $22,133,000 after purchasing an additional 52,116 shares in the last quarter. Deprince Race & Zollo Inc. grew its position in shares of First Mid Bancshares by 22.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 122,504 shares of the bank’s stock worth $4,778,000 after buying an additional 22,358 shares during the period. Federated Hermes Inc. grew 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 worth $64,000 after purchasing an additional 415 shares during the period. Finally, Aquatic Capital Management LLC grew its stake in shares of First Mid Bancshares by 272.5% in the 3rd quarter. Aquatic Capital Management LLC now owns 1,438 shares of the bank’s stock worth $54,000 after buying an additional 1,052 shares during the last quarter. Institutional investors own 47.57% of the company’s stock.

Wall Street Analyst Weigh In

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

First Mid Bancshares Price Performance

Shares of NASDAQ FMBH opened at $43.60 on Tuesday. First Mid Bancshares, Inc. has a 12-month low of $33.67 and a 12-month high of $44.85. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average price is $42.24 and its 200-day moving average price is $41.15. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 10.98 and a beta of 0.79.

First Mid Bancshares (NASDAQ:FMBH) last announced its earnings results on Wednesday, April 29th. The bank reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. The firm had revenue of $98.54 million during the quarter, compared to analysts’ expectations of $96.45 million. First Mid Bancshares had a return on equity of 10.44% and a net margin of 19.95%. On average, equities research analysts anticipate that First Mid Bancshares, Inc. will post 4.58 EPS for the current fiscal year.

First Mid Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.00 annualized dividend and a yield of 2.3%. First Mid Bancshares’s dividend payout ratio (DPR) is presently 25.19%.

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.