13,588 Shares in First Mid Bancshares, Inc. $FMBH Acquired by Jupiter Topco LLC

Jupiter Topco LLC acquired a new stake in First Mid Bancshares, Inc. (NASDAQ:FMBH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,588 shares of the bank’s stock, valued at approximately $654,000. Jupiter Topco LLC owned 0.05% of First Mid Bancshares as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of FMBH. Jane Street Group LLC increased its stake in First Mid Bancshares by 0.8% during the 4th quarter. Jane Street Group LLC now owns 41,096 shares of the bank’s stock valued at $1,603,000 after purchasing an additional 326 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of First Mid Bancshares by 32.0% in the second quarter. Federated Hermes Inc. now owns 1,710 shares of the bank’s stock valued at $64,000 after buying an additional 415 shares in the last quarter. Clearstead Advisors LLC grew its holdings in shares of First Mid Bancshares by 147.2% during the fourth quarter. Clearstead Advisors LLC now owns 848 shares of the bank’s stock valued at $33,000 after buying an additional 505 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of First Mid Bancshares by 17.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,607 shares of the bank’s stock valued at $141,000 after buying an additional 538 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of First Mid Bancshares by 4.2% during 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. Institutional investors own 47.57% of the company’s stock.

Analyst Ratings Changes

FMBH has been the topic of a number of analyst reports. DA Davidson upped their target price 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. Weiss Ratings restated 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 stock an “overweight” rating in a report on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods increased their price target on First Mid Bancshares from $50.00 to $54.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.62.

First Mid Bancshares Stock Performance

NASDAQ FMBH opened at $51.33 on Monday. First Mid Bancshares, Inc. has a 52-week low of $34.15 and a 52-week high of $53.36. The company has a 50-day simple moving average of $50.25 and a 200 day simple moving average of $45.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $1.37 billion, a PE ratio of 12.74 and a beta of 0.78.

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

First Mid Bancshares Increases Dividend

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

About First Mid Bancshares

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.