Raymond James Financial Services Advisors Inc. Makes New $208,000 Investment in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Raymond James Financial Services Advisors Inc. purchased a new stake in First Mid Bancshares, Inc. (NASDAQ:FMBH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,000 shares of the bank’s stock, valued at approximately $208,000.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of First Mid Bancshares in the 3rd quarter valued at $228,000. Estate Counselors LLC acquired a new stake in First Mid Bancshares in the third quarter valued at $302,000. Swiss National Bank increased its holdings in First Mid Bancshares by 2.3% in the third quarter. Swiss National Bank now owns 40,600 shares of the bank’s stock valued at $1,078,000 after purchasing an additional 900 shares during the period. Bank of New York Mellon Corp increased its holdings in First Mid Bancshares by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 97,220 shares of the bank’s stock valued at $2,582,000 after purchasing an additional 1,790 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in First Mid Bancshares by 8.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 145,540 shares of the bank’s stock valued at $3,866,000 after purchasing an additional 11,799 shares during the period. 47.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FMBH has been the subject of a number of recent research reports. Raymond James increased their price objective on First Mid Bancshares from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Stephens decreased their price objective on First Mid Bancshares from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Tuesday, January 30th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, First Mid Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $36.50.

First Mid Bancshares Stock Performance

Shares of First Mid Bancshares stock opened at $31.76 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $30.74 and a two-hundred day moving average price of $31.07. First Mid Bancshares, Inc. has a 1-year low of $21.77 and a 1-year high of $35.83. The company has a market cap of $758.75 million, a P/E ratio of 10.02 and a beta of 0.87.

First Mid Bancshares (NASDAQ:FMBH) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.11. The company had revenue of $79.23 million for the quarter, compared to analysts’ expectations of $77.10 million. First Mid Bancshares had a net margin of 17.82% and a return on equity of 10.71%. As a group, analysts anticipate that First Mid Bancshares, Inc. will post 3.28 EPS for the current year.

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.