Jupiter Topco LLC Acquires Shares of 13,588 First Mid Bancshares, Inc. $FMBH

Jupiter Topco LLC bought a new position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) in the second quarter, Holdings Channel.com reports. The firm bought 13,588 shares of the bank’s stock, valued at approximately $654,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. AQR Capital Management LLC boosted its holdings in First Mid Bancshares by 256.9% in the 1st quarter. AQR Capital Management LLC now owns 105,648 shares of the bank’s stock worth $3,687,000 after buying an additional 76,050 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 during the period. Jones Financial Companies Lllp boosted its holdings in shares of First Mid Bancshares by 1,662.9% in the first quarter. Jones Financial Companies Lllp now owns 4,231 shares of the bank’s stock worth $148,000 after acquiring an additional 3,991 shares during the period. Empowered Funds LLC grew its position in shares of First Mid Bancshares by 31.5% in the first quarter. Empowered Funds LLC now owns 72,134 shares of the bank’s stock valued at $2,517,000 after purchasing an additional 17,266 shares in the last quarter. Finally, Jane Street Group LLC raised its stake 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 purchasing an additional 27,242 shares during the period. Institutional investors own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

FMBH has been the topic of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of First Mid Bancshares in a report on Wednesday, July 29th. Piper Sandler upped their price target on First Mid Bancshares from $55.00 to $62.50 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. DA Davidson increased their price target on shares of First Mid Bancshares from $47.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of First Mid Bancshares from $50.00 to $54.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.62.

First Mid Bancshares Price Performance

Shares of NASDAQ:FMBH opened at $51.33 on Monday. The company’s fifty day moving average price is $50.25 and its 200-day moving average price is $45.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 12.74 and a beta of 0.78. First Mid Bancshares, Inc. has a one year low of $34.15 and a one year high of $53.36.

First Mid Bancshares (NASDAQ:FMBH) last announced its earnings results on Thursday, July 23rd. The bank reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.21. The company had revenue of $109.32 million during the quarter, compared to analyst estimates of $107.42 million. First Mid Bancshares had a net margin of 19.76% and a return on equity of 10.86%. On average, equities research analysts anticipate that First Mid Bancshares, Inc. will post 4.69 earnings per share for the current fiscal year.

First Mid Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, August 18th. This is a positive change from First Mid Bancshares’s previous quarterly dividend of $0.25. First Mid Bancshares’s dividend payout ratio is presently 25.81%.

First Mid Bancshares Company 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.