Voya Investment Management LLC Sells 671 Shares of First Mid Bancshares, Inc. $FMBH

Voya Investment Management LLC cut its stake in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 8.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,516 shares of the bank’s stock after selling 671 shares during the quarter. Voya Investment Management LLC’s holdings in First Mid Bancshares were worth $262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in FMBH. AQR Capital Management LLC grew its stake in shares of First Mid Bancshares by 256.9% in the first quarter. AQR Capital Management LLC now owns 105,648 shares of the bank’s stock worth $3,687,000 after acquiring an additional 76,050 shares during the period. Nuveen LLC bought a new stake in shares of First Mid Bancshares in the first quarter worth approximately $1,868,000. American Century Companies Inc. grew its stake in shares of First Mid Bancshares by 10.2% in the first quarter. American Century Companies Inc. now owns 496,888 shares of the bank’s stock worth $17,341,000 after acquiring an additional 45,831 shares during the period. Jane Street Group LLC grew its stake in shares of First Mid Bancshares by 494.1% in the first quarter. Jane Street Group LLC now owns 32,755 shares of the bank’s stock worth $1,143,000 after acquiring an additional 27,242 shares during the period. Finally, Bailard Inc. bought a new stake in shares of First Mid Bancshares in the first quarter worth approximately $667,000. 47.57% of the stock is currently owned by institutional investors.

Insider Activity at First Mid Bancshares

In other news, CEO Clay M. Dean sold 1,553 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $37.64, for a total value of $58,454.92. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.20% of the company’s stock.

First Mid Bancshares Stock Performance

FMBH opened at $38.20 on Tuesday. The firm has a market cap of $916.80 million, a P/E ratio of 10.85 and a beta of 0.91. First Mid Bancshares, Inc. has a 1-year low of $27.58 and a 1-year high of $43.86. The company has a 50 day simple moving average of $39.05 and a two-hundred day simple moving average of $36.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.93.

First Mid Bancshares (NASDAQ:FMBH) last posted its quarterly earnings results 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. The business 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 10.09%. Equities analysts forecast 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. Stockholders of record on Friday, August 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.6%. This is a boost 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 payout ratio is presently 28.41%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FMBH shares. Piper Sandler boosted their target price on shares of First Mid Bancshares from $47.00 to $49.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. DA Davidson boosted their target price on shares of First Mid Bancshares from $39.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Finally, Wall Street Zen upgraded shares of First Mid Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.