Deutsche Bank AG Lowers Holdings in First Mid Bancshares, Inc. $FMBH

Deutsche Bank AG decreased its holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 11.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,902 shares of the bank’s stock after selling 2,171 shares during the quarter. Deutsche Bank AG owned approximately 0.07% of First Mid Bancshares worth $590,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its holdings in First Mid Bancshares by 16.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,959 shares of the bank’s stock valued at $72,000 after buying an additional 276 shares during the period. Federated Hermes Inc. lifted its stake in shares of First Mid Bancshares by 35.6% in the 1st quarter. Federated Hermes Inc. now owns 1,295 shares of the bank’s stock valued at $45,000 after purchasing an additional 340 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of First Mid Bancshares by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,016 shares of the bank’s stock valued at $479,000 after purchasing an additional 458 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of First Mid Bancshares by 6.6% in the 4th quarter. Two Sigma Advisers LP now owns 8,100 shares of the bank’s stock valued at $298,000 after purchasing an additional 500 shares in the last quarter. Finally, PNC Financial Services Group Inc. acquired a new position in shares of First Mid Bancshares in the 1st quarter valued at about $26,000. Hedge funds and other institutional investors own 47.57% of the company’s stock.

First Mid Bancshares Stock Performance

First Mid Bancshares stock opened at $40.44 on Wednesday. The stock’s 50 day moving average price is $38.32 and its 200 day moving average price is $36.45. The firm has a market capitalization of $970.56 million, a PE ratio of 11.49 and a beta of 0.91. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.93 and a current ratio of 0.93. 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 released its quarterly earnings results on Thursday, July 24th. The bank reported $0.99 EPS for the quarter, topping the consensus estimate of $0.91 by $0.08. The firm had revenue of $88.23 million for the quarter, compared to analyst estimates of $64.42 million. First Mid Bancshares had a return on equity of 10.09% and a net margin of 18.32%. As a group, sell-side analysts expect that First Mid Bancshares, Inc. will post 3.61 EPS for the current fiscal year.

First Mid Bancshares Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, August 15th. This represents a $1.00 annualized dividend and a yield of 2.5%. This is a boost from First Mid Bancshares’s previous quarterly dividend of $0.24. First Mid Bancshares’s dividend payout ratio (DPR) is presently 28.41%.

Insider Transactions at First Mid Bancshares

In other First Mid Bancshares news, CEO Clay M. Dean sold 1,553 shares of First Mid Bancshares stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $37.64, for a total transaction of $58,454.92. Following the sale, the chief executive officer directly owned 11,229 shares in the company, valued at $422,659.56. The trade was a 12.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FMBH has been the topic of several research analyst reports. Piper Sandler lifted their price objective on First Mid Bancshares from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Raymond James Financial reaffirmed an “outperform” rating and issued a $40.00 price objective (down from $43.00) on shares of First Mid Bancshares in a research note on Friday, May 2nd. DA Davidson lifted their price objective on First Mid Bancshares from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Wall Street Zen raised First Mid Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Stephens reaffirmed a “positive” rating on shares of First Mid Bancshares in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.