Goldman Sachs Group Inc. Lowers Stock Position in First Mid Bancshares, Inc. $FMBH

Goldman Sachs Group Inc. reduced its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 15.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,051 shares of the bank’s stock after selling 20,534 shares during the period. Goldman Sachs Group Inc. owned 0.48% of First Mid Bancshares worth $3,980,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Strs Ohio purchased a new position in shares of First Mid Bancshares during the 1st quarter valued at about $42,000. Jane Street Group LLC lifted its position in shares of First Mid Bancshares by 494.1% during the 1st quarter. Jane Street Group LLC now owns 32,755 shares of the bank’s stock valued at $1,143,000 after buying an additional 27,242 shares in the last quarter. Empowered Funds LLC lifted its position in shares of First Mid Bancshares by 31.5% during the 1st quarter. Empowered Funds LLC now owns 72,134 shares of the bank’s stock valued at $2,517,000 after buying an additional 17,266 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of First Mid Bancshares by 1,662.9% during the 1st quarter. Jones Financial Companies Lllp now owns 4,231 shares of the bank’s stock valued at $148,000 after buying an additional 3,991 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of First Mid Bancshares by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,566 shares of the bank’s stock valued at $473,000 after buying an additional 550 shares in the last quarter. 47.57% of the stock is owned by hedge funds and other institutional investors.

First Mid Bancshares Price Performance

FMBH opened at $39.23 on Thursday. First Mid Bancshares, Inc. has a 12-month low of $27.58 and a 12-month high of $43.86. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.39. The business’s fifty day simple moving average is $39.03 and its 200-day simple moving average is $36.65. The company has a market capitalization of $941.52 million, a price-to-earnings ratio of 11.14 and a beta of 0.91.

First Mid Bancshares (NASDAQ:FMBH) last issued its quarterly earnings data on Thursday, July 24th. The bank reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $88.23 million during the quarter, compared to analysts’ expectations of $64.42 million. On average, equities research analysts anticipate that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current fiscal year.

First Mid Bancshares Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on FMBH shares. 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 report on Friday, July 25th. Piper Sandler lifted their target price 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. Finally, Wall Street Zen raised First Mid Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $43.33.

Insider Buying and Selling

In other First Mid Bancshares news, CEO Clay M. Dean sold 1,553 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $37.64, for a total value of $58,454.92. Following the sale, the chief executive officer directly owned 11,229 shares of the company’s stock, valued at approximately $422,659.56. This trade represents a 12.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.70% of the stock is currently owned by company insiders.

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.