BNP Paribas Financial Markets Increases Position in First Mid Bancshares, Inc. (NASDAQ:FMBH)

BNP Paribas Financial Markets raised its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 33.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,001 shares of the bank’s stock after buying an additional 1,510 shares during the quarter. BNP Paribas Financial Markets’ holdings in First Mid Bancshares were worth $233,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its holdings in shares of First Mid Bancshares by 2.2% during the second quarter. Victory Capital Management Inc. now owns 30,350 shares of the bank’s stock valued at $998,000 after acquiring an additional 650 shares in the last quarter. CWM LLC raised its holdings in First Mid Bancshares by 344.2% in the second quarter. CWM LLC now owns 884 shares of the bank’s stock worth $29,000 after buying an additional 685 shares during the last quarter. Rhumbline Advisers raised its holdings in First Mid Bancshares by 3.3% in the second quarter. Rhumbline Advisers now owns 33,272 shares of the bank’s stock worth $1,094,000 after buying an additional 1,049 shares during the last quarter. Choreo LLC grew its holdings in shares of First Mid Bancshares by 17.9% during the second quarter. Choreo LLC now owns 7,568 shares of the bank’s stock valued at $246,000 after buying an additional 1,149 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of First Mid Bancshares during the third quarter valued at approximately $84,000. 47.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

FMBH has been the topic of several analyst reports. Stephens cut First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods upped their price target on First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler lifted their price objective on First Mid Bancshares from $46.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, DA Davidson cut shares of First Mid Bancshares from a “buy” rating to a “neutral” rating and upped their target price for the company from $44.00 to $47.00 in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

First Mid Bancshares Trading Down 0.7 %

Shares of NASDAQ:FMBH opened at $40.94 on Tuesday. The stock’s 50-day simple moving average is $40.48 and its two-hundred day simple moving average is $37.70. First Mid Bancshares, Inc. has a 52-week low of $28.86 and a 52-week high of $43.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $978.96 million, a price-to-earnings ratio of 12.60 and a beta of 0.91.

First Mid Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.96 dividend on an annualized basis and a yield of 2.34%. First Mid Bancshares’s dividend payout ratio is currently 29.54%.

First Mid Bancshares 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.