Jump Financial LLC Makes New Investment in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Jump Financial LLC acquired a new position in First Mid Bancshares, Inc. (NASDAQ:FMBHFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,285 shares of the bank’s stock, valued at approximately $252,000.

A number of other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in First Mid Bancshares by 21.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 176,704 shares of the bank’s stock worth $6,125,000 after acquiring an additional 31,164 shares during the last quarter. Swiss National Bank increased its stake in First Mid Bancshares by 4.4% in the 4th quarter. Swiss National Bank now owns 42,400 shares of the bank’s stock worth $1,470,000 after acquiring an additional 1,800 shares during the last quarter. Choreo LLC bought a new position in shares of First Mid Bancshares during the 4th quarter valued at approximately $222,000. Russell Investments Group Ltd. increased its position in shares of First Mid Bancshares by 5.5% during the 4th quarter. Russell Investments Group Ltd. now owns 51,900 shares of the bank’s stock valued at $1,799,000 after purchasing an additional 2,726 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of First Mid Bancshares by 10.2% during the 4th quarter. New York State Common Retirement Fund now owns 10,865 shares of the bank’s stock valued at $377,000 after purchasing an additional 1,007 shares during the last quarter. Institutional investors own 47.57% of the company’s stock.

Wall Street Analyst Weigh In

FMBH has been the topic of several analyst reports. Piper Sandler cut their target price on First Mid Bancshares from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. Stephens cut their target price on First Mid Bancshares from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 30th. Finally, Raymond James boosted their target price on First Mid Bancshares from $34.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, First Mid Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

Check Out Our Latest Analysis on First Mid Bancshares

First Mid Bancshares Price Performance

FMBH opened at $31.89 on Monday. The business has a fifty day moving average of $31.55 and a 200 day moving average of $31.83. First Mid Bancshares, Inc. has a 52-week low of $23.54 and a 52-week high of $35.83. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. The stock has a market cap of $762.17 million, a P/E ratio of 10.29 and a beta of 0.87.

First Mid Bancshares (NASDAQ:FMBHGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. First Mid Bancshares had a return on equity of 10.56% and a net margin of 17.01%. The company had revenue of $79.95 million during the quarter, compared to analysts’ expectations of $80.20 million. As a group, sell-side analysts anticipate that First Mid Bancshares, Inc. will post 3.23 EPS for the current year.

First Mid Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Tuesday, May 14th. First Mid Bancshares’s payout ratio is currently 29.68%.

First Mid Bancshares Profile

(Free Report)

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.

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Institutional Ownership by Quarter for First Mid Bancshares (NASDAQ:FMBH)

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