Cwm LLC Raises Holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Cwm LLC increased its holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 174.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,791 shares of the bank’s stock after acquiring an additional 2,410 shares during the period. Cwm LLC’s holdings in First Mid Bancshares were worth $132,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FMBH. Sterling Capital Management LLC boosted its position in shares of First Mid Bancshares by 804.9% during the fourth quarter. Sterling Capital Management LLC now owns 733 shares of the bank’s stock worth $27,000 after buying an additional 652 shares during the period. Federated Hermes Inc. boosted its holdings in First Mid Bancshares by 1,226.4% in the fourth quarter. Federated Hermes Inc. now owns 955 shares of the bank’s stock valued at $35,000 after purchasing an additional 883 shares during the period. Aquatic Capital Management LLC purchased a new position in First Mid Bancshares in the fourth quarter valued at $65,000. Tower Research Capital LLC TRC boosted its holdings in First Mid Bancshares by 16.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,959 shares of the bank’s stock valued at $72,000 after purchasing an additional 276 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in First Mid Bancshares in the fourth quarter valued at $155,000. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

First Mid Bancshares Stock Performance

Shares of FMBH stock opened at $38.92 on Wednesday. The stock has a market capitalization of $933.69 million, a PE ratio of 11.06 and a beta of 0.87. First Mid Bancshares, Inc. has a 52-week low of $27.58 and a 52-week high of $43.86. The stock’s 50-day moving average price is $37.28 and its 200 day moving average price is $36.33. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.25.

First Mid Bancshares (NASDAQ:FMBH) last issued its quarterly earnings results on Thursday, July 24th. The bank reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.08. First Mid Bancshares had a return on equity of 10.19% and a net margin of 18.32%. The firm had revenue of $88.23 million for the quarter, compared to analysts’ expectations of $64.42 million. As a group, equities research analysts forecast that First Mid Bancshares, Inc. will post 3.61 EPS for the current year.

First Mid Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a dividend of $0.25 per share. This is a boost from First Mid Bancshares’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, August 15th. This represents a $1.00 annualized dividend and a yield of 2.57%. First Mid Bancshares’s payout ratio is presently 27.27%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FMBH. Wall Street Zen upgraded First Mid Bancshares from a “sell” rating to a “hold” rating in a report on Saturday. Stephens reaffirmed a “positive” rating on shares of First Mid Bancshares in a report on Friday, May 2nd. DA Davidson lifted their price target on First Mid Bancshares from $39.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Piper Sandler lifted their price target on First Mid Bancshares from $47.00 to $49.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Raymond James Financial reiterated an “outperform” rating and set a $40.00 target price (down previously from $43.00) on shares of First Mid Bancshares in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $43.33.

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.