Universal Beteiligungs und Servicegesellschaft mbH Takes $214,000 Position in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in First Mid Bancshares, Inc. (NASDAQ:FMBH) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,140 shares of the bank’s stock, valued at approximately $214,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Sterling Capital Management LLC increased its position in First Mid Bancshares by 804.9% during the 4th quarter. Sterling Capital Management LLC now owns 733 shares of the bank’s stock valued at $27,000 after purchasing an additional 652 shares during the period. Federated Hermes Inc. boosted its stake in shares of First Mid Bancshares by 1,226.4% during 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 in the last quarter. Aquatic Capital Management LLC purchased a new position in First Mid Bancshares during the fourth quarter valued at approximately $65,000. Tower Research Capital LLC TRC raised its stake 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 worth $72,000 after buying an additional 276 shares in the last quarter. Finally, CWM LLC lifted its holdings in First Mid Bancshares by 174.5% during the first quarter. CWM LLC now owns 3,791 shares of the bank’s stock worth $132,000 after buying an additional 2,410 shares during the period. 47.57% of the stock is owned by hedge funds and other institutional investors.

First Mid Bancshares Trading Up 0.9%

First Mid Bancshares stock opened at $37.81 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $907.06 million, a PE ratio of 10.74 and a beta of 0.91. The stock has a 50-day moving average of $37.49 and a two-hundred day moving average of $36.38. First Mid Bancshares, Inc. has a one year low of $27.58 and a one year high of $43.86.

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings data on Thursday, July 24th. The bank reported $0.99 EPS for the quarter, beating the consensus estimate of $0.91 by $0.08. The firm had revenue of $88.23 million during the quarter, compared to analyst estimates of $64.42 million. First Mid Bancshares had a net margin of 18.32% and a return on equity of 10.19%. On average, research analysts anticipate that First Mid Bancshares, Inc. will post 3.61 EPS for the current fiscal year.

First Mid Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, August 15th. This is an increase from First Mid Bancshares’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 2.6%. First Mid Bancshares’s payout ratio is presently 27.27%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FMBH. Piper Sandler lifted their price target on First Mid Bancshares from $47.00 to $49.00 and gave the company an “overweight” rating in a report on Monday, July 28th. DA Davidson raised their price objective on First Mid Bancshares from $39.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Stephens reiterated a “positive” rating on shares of First Mid Bancshares in a report on Friday, May 2nd. Wall Street Zen raised shares of First Mid Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $40.00 price objective (down previously from $43.00) on shares of First Mid Bancshares in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.33.

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.