Thrivent Financial for Lutherans Reduces Holdings in First Mid Bancshares, Inc. $FMBH

Thrivent Financial for Lutherans lessened its position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBHFree Report) by 34.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,780 shares of the bank’s stock after selling 12,354 shares during the quarter. Thrivent Financial for Lutherans’ holdings in First Mid Bancshares were worth $900,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FMBH. Federated Hermes Inc. increased its stake in First Mid Bancshares by 17.4% during the third quarter. Federated Hermes Inc. now owns 2,007 shares of the bank’s stock worth $76,000 after acquiring an additional 297 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of First Mid Bancshares by 2.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 24,002 shares of the bank’s stock worth $900,000 after purchasing an additional 537 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of First Mid Bancshares by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,566 shares of the bank’s stock worth $473,000 after purchasing an additional 550 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in First Mid Bancshares by 8.8% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 8,008 shares of the bank’s stock valued at $303,000 after buying an additional 648 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in First Mid Bancshares by 0.8% in the second quarter. Russell Investments Group Ltd. now owns 84,392 shares of the bank’s stock valued at $3,164,000 after buying an additional 680 shares during the last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at First Mid Bancshares

In other First Mid Bancshares news, EVP Bradley L. Beesley sold 6,000 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $44.00, for a total value of $264,000.00. Following the sale, the executive vice president owned 12,378 shares of the company’s stock, valued at $544,632. This trade represents a 32.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Clay M. Dean sold 1,099 shares of First Mid Bancshares stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $42.69, for a total value of $46,916.31. Following the completion of the transaction, the chief executive officer owned 9,624 shares of the company’s stock, valued at $410,848.56. The trade was a 10.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Zacks Research cut shares of First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Piper Sandler dropped their target price on shares of First Mid Bancshares from $49.00 to $48.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of First Mid Bancshares in a research report on Monday, December 29th. Finally, DA Davidson raised their price target on First Mid Bancshares from $45.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.60.

Get Our Latest Stock Report on FMBH

First Mid Bancshares Trading Up 1.1%

Shares of FMBH stock opened at $43.29 on Monday. First Mid Bancshares, Inc. has a fifty-two week low of $27.58 and a fifty-two week high of $44.85. The company has a 50 day moving average price of $41.44 and a 200 day moving average price of $39.22. The stock has a market capitalization of $1.04 billion, a P/E ratio of 11.27 and a beta of 0.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.93 and a current ratio of 0.93.

First Mid Bancshares (NASDAQ:FMBHGet Free Report) last released its earnings results on Thursday, January 29th. The bank reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. The company had revenue of $90.14 million for the quarter, compared to analyst estimates of $67.86 million. First Mid Bancshares had a net margin of 19.69% and a return on equity of 10.61%. Equities research analysts predict that First Mid Bancshares, Inc. will post 3.61 EPS for the current fiscal year.

First Mid Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 12th will be issued a $0.25 dividend. The ex-dividend date is Thursday, February 12th. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. First Mid Bancshares’s dividend payout ratio (DPR) is 26.04%.

First Mid Bancshares Profile

(Free Report)

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.

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Institutional Ownership by Quarter for First Mid Bancshares (NASDAQ:FMBH)

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