Y Intercept Hong Kong Ltd Takes Position in First Mid Bancshares, Inc. $FMBH

Y Intercept Hong Kong Ltd purchased a new position in First Mid Bancshares, Inc. (NASDAQ:FMBH) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 18,501 shares of the bank’s stock, valued at approximately $762,000. Y Intercept Hong Kong Ltd owned about 0.07% of First Mid Bancshares at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Tudor Investment Corp ET AL boosted its stake in First Mid Bancshares by 421.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 71,260 shares of the bank’s stock worth $2,699,000 after purchasing an additional 57,600 shares during the last quarter. Deprince Race & Zollo Inc. raised its position in shares of First Mid Bancshares by 22.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 122,504 shares of the bank’s stock valued at $4,778,000 after buying an additional 22,358 shares during the last quarter. Endeavour Capital Advisors Inc. raised its position in shares of First Mid Bancshares by 10.9% in the fourth quarter. Endeavour Capital Advisors Inc. now owns 208,719 shares of the bank’s stock valued at $8,140,000 after buying an additional 20,441 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of First Mid Bancshares by 58.4% in the fourth quarter. Hsbc Holdings PLC now owns 30,042 shares of the bank’s stock worth $1,173,000 after buying an additional 11,072 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of First Mid Bancshares in the first quarter worth about $42,000. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

First Mid Bancshares Stock Performance

NASDAQ FMBH opened at $47.93 on Monday. The stock has a fifty day simple moving average of $45.24 and a 200-day simple moving average of $42.92. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.28 billion, a PE ratio of 12.07 and a beta of 0.79. First Mid Bancshares, Inc. has a twelve month low of $34.15 and a twelve month high of $49.64.

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings results on Wednesday, April 29th. The bank reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. First Mid Bancshares had a net margin of 19.95% and a return on equity of 10.44%. The business had revenue of $98.54 million during the quarter, compared to analysts’ expectations of $96.45 million. Equities analysts anticipate that First Mid Bancshares, Inc. will post 4.58 earnings per share for the current year.

First Mid Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. First Mid Bancshares’s dividend payout ratio (DPR) is presently 25.19%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FMBH shares. DA Davidson upped their price objective on shares of First Mid Bancshares from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Keefe, Bruyette & Woods raised their target price on shares of First Mid Bancshares from $46.00 to $48.00 and gave the stock a “market perform” rating in a research note on Friday, May 1st. Raymond James Financial restated an “outperform” rating and set a $48.00 target price on shares of First Mid Bancshares in a report on Friday, May 1st. Piper Sandler restated an “overweight” rating and issued a $55.00 price target (up from $52.00) on shares of First Mid Bancshares in a research report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Mid Bancshares in a report on Friday, May 1st. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.50.

First Mid Bancshares Profile

First Mid Bancshares, Inc (NASDAQ: FMBH), headquartered in Mattoon, Illinois, is a financial services holding company that offers a comprehensive suite of banking products and services through its main subsidiary, First Mid Bank & Trust. The company’s primary business activities include commercial and retail banking, mortgage origination and servicing, wealth management and trust administration, as well as treasury and cash management solutions.

Through its branch network, First Mid provides consumer deposit products such as checking and savings accounts, certificates of deposit and online banking services.