Tudor Investment Corp ET AL Boosts Stock Position in First Mid Bancshares, Inc. $FMBH

Tudor Investment Corp ET AL boosted its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 421.7% in the third quarter, Holdings Channel reports. The fund owned 71,260 shares of the bank’s stock after purchasing an additional 57,600 shares during the period. Tudor Investment Corp ET AL’s holdings in First Mid Bancshares were worth $2,699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of FMBH. Qube Research & Technologies Ltd raised its stake in shares of First Mid Bancshares by 16.1% during the third quarter. Qube Research & Technologies Ltd now owns 29,814 shares of the bank’s stock worth $1,129,000 after purchasing an additional 4,144 shares during the last quarter. Aquatic Capital Management LLC lifted its holdings in shares of First Mid Bancshares by 272.5% during the third quarter. Aquatic Capital Management LLC now owns 1,438 shares of the bank’s stock worth $54,000 after purchasing an additional 1,052 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of First Mid Bancshares by 25.7% during the third quarter. Ameriprise Financial Inc. now owns 23,890 shares of the bank’s stock worth $905,000 after purchasing an additional 4,883 shares during the period. Creative Planning grew its position in First Mid Bancshares by 11.3% in the 3rd quarter. Creative Planning now owns 70,661 shares of the bank’s stock valued at $2,677,000 after buying an additional 7,178 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in First Mid Bancshares by 21.2% in the 3rd quarter. Raymond James Financial Inc. now owns 14,741 shares of the bank’s stock valued at $558,000 after buying an additional 2,575 shares during the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.

Insider Activity at First Mid Bancshares

In related news, EVP Bradley L. Beesley sold 6,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $44.00, for a total transaction of $264,000.00. Following the sale, the executive vice president owned 12,378 shares of the company’s stock, valued at approximately $544,632. The trade was a 32.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.70% of the stock is owned by company insiders.

First Mid Bancshares Trading Down 1.2%

Shares of FMBH stock opened at $40.12 on Friday. The business’s fifty day moving average price is $41.82 and its 200 day moving average price is $39.65. The firm has a market capitalization of $1.07 billion, a PE ratio of 10.45 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.96 and a quick ratio of 0.96. First Mid Bancshares, Inc. has a 1-year low of $27.58 and a 1-year high of $44.85.

First Mid Bancshares (NASDAQ:FMBH) last released its earnings results on Thursday, January 29th. The bank reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. The company had revenue of $90.14 million during the quarter, compared to the consensus estimate of $67.86 million. First Mid Bancshares had a return on equity of 10.44% and a net margin of 19.69%. As a group, sell-side analysts forecast that First Mid Bancshares, Inc. will post 3.61 EPS for the current fiscal year.

First Mid Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were paid a $0.25 dividend. The ex-dividend date was Thursday, February 12th. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. First Mid Bancshares’s dividend payout ratio (DPR) is 26.04%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. DA Davidson upped their price objective on shares of First Mid Bancshares from $45.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Mid Bancshares in a report on Monday, December 29th. Finally, Zacks Research lowered shares of First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, First Mid Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $43.75.

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.