Swiss National Bank Lowers Position in First Mid Bancshares, Inc. $FMBH

Swiss National Bank decreased its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,400 shares of the bank’s stock after selling 600 shares during the quarter. Swiss National Bank owned about 0.16% of First Mid Bancshares worth $1,375,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in FMBH. Renaissance Technologies LLC raised its stake in First Mid Bancshares by 12.5% during the fourth quarter. Renaissance Technologies LLC now owns 17,100 shares of the bank’s stock valued at $630,000 after buying an additional 1,900 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of First Mid Bancshares in the 4th quarter worth $488,000. Barclays PLC increased its holdings in shares of First Mid Bancshares by 12.6% in the 4th quarter. Barclays PLC now owns 38,678 shares of the bank’s stock worth $1,425,000 after purchasing an additional 4,331 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of First Mid Bancshares by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 891,154 shares of the bank’s stock worth $32,813,000 after purchasing an additional 54,285 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of First Mid Bancshares by 6.0% in the 4th quarter. MetLife Investment Management LLC now owns 13,737 shares of the bank’s stock worth $506,000 after purchasing an additional 776 shares in the last quarter. Hedge funds and other institutional investors own 47.57% of the company’s stock.

Insider Transactions at First Mid Bancshares

In other First Mid Bancshares news, CEO Clay M. Dean sold 1,553 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $37.64, for a total transaction of $58,454.92. Following the completion of the sale, the chief executive officer owned 11,229 shares of the company’s stock, valued at approximately $422,659.56. The trade was a 12.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.20% of the company’s stock.

First Mid Bancshares Stock Performance

NASDAQ:FMBH opened at $39.82 on Tuesday. The stock has a 50-day simple moving average of $38.21 and a two-hundred day simple moving average of $36.42. First Mid Bancshares, Inc. has a 52-week low of $27.58 and a 52-week high of $43.86. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $955.68 million, a PE ratio of 11.31 and a beta of 0.91.

First Mid Bancshares (NASDAQ:FMBH) last released 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 10.09% and a net margin of 18.32%.The business had revenue of $88.23 million during the quarter, compared to analyst estimates of $64.42 million. Analysts forecast that First Mid Bancshares, Inc. will post 3.61 EPS for the current year.

First Mid Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.25 per share. This is a boost from First Mid Bancshares’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, August 15th. First Mid Bancshares’s dividend payout ratio is presently 28.41%.

Analyst Ratings Changes

Several brokerages recently commented on FMBH. DA Davidson lifted their price objective on First Mid Bancshares from $39.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. 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 report on Friday, May 2nd. Stephens reaffirmed a “positive” rating on shares of First Mid Bancshares in a report on Friday, May 2nd. Piper Sandler lifted their price objective on First Mid Bancshares from $47.00 to $49.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Finally, Wall Street Zen raised First Mid Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.33.

About First Mid Bancshares

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.