Endeavour Capital Advisors Inc. Increases Holdings in First Mid Bancshares, Inc. $FMBH

Endeavour Capital Advisors Inc. grew its position in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 10.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 208,719 shares of the bank’s stock after buying an additional 20,441 shares during the quarter. First Mid Bancshares accounts for 2.3% of Endeavour Capital Advisors Inc.’s holdings, making the stock its 18th largest holding. Endeavour Capital Advisors Inc.’s holdings in First Mid Bancshares were worth $8,140,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC boosted its position in First Mid Bancshares by 256.9% during the 1st quarter. AQR Capital Management LLC now owns 105,648 shares of the bank’s stock valued at $3,687,000 after acquiring an additional 76,050 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in First Mid Bancshares by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,566 shares of the bank’s stock worth $473,000 after acquiring an additional 550 shares in the last quarter. Jones Financial Companies Lllp grew its position in 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 worth $148,000 after purchasing an additional 3,991 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of First Mid Bancshares by 31.5% during the first 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 during the last quarter. Finally, Jane Street Group LLC grew its stake in 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 purchasing an additional 27,242 shares during the last quarter. 47.57% of the stock is currently owned by institutional investors.

First Mid Bancshares Price Performance

Shares of FMBH opened at $43.60 on Tuesday. The company’s 50-day moving average price is $42.24 and its 200 day moving average price is $41.15. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. First Mid Bancshares, Inc. has a 12-month low of $33.67 and a 12-month high of $44.85. The firm has a market cap of $1.16 billion, a P/E ratio of 10.98 and a beta of 0.79.

First Mid Bancshares (NASDAQ:FMBH) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. The firm had revenue of $98.54 million during the quarter, compared to analysts’ expectations of $96.45 million. First Mid Bancshares had a net margin of 19.95% and a return on equity of 10.44%. On average, sell-side analysts forecast that First Mid Bancshares, Inc. will post 4.58 earnings per share for the current year.

First Mid Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. First Mid Bancshares’s payout ratio is presently 25.19%.

Analysts Set New Price Targets

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