Creative Financial Designs Inc. ADV Reduces Holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Creative Financial Designs Inc. ADV decreased its position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 74.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,219 shares of the bank’s stock after selling 3,608 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in First Mid Bancshares were worth $45,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. New York State Teachers Retirement System acquired a new stake in shares of First Mid Bancshares during the fourth quarter worth about $76,000. Quantbot Technologies LP acquired a new stake in shares of First Mid Bancshares during the third quarter worth about $84,000. PDT Partners LLC acquired a new stake in shares of First Mid Bancshares during the third quarter worth about $203,000. Centiva Capital LP acquired a new stake in shares of First Mid Bancshares during the third quarter worth about $213,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of First Mid Bancshares by 33.6% during the third quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank’s stock worth $233,000 after buying an additional 1,510 shares during the period. Hedge funds and other institutional investors own 47.57% of the company’s stock.

First Mid Bancshares Price Performance

Shares of NASDAQ:FMBH opened at $35.02 on Friday. First Mid Bancshares, Inc. has a 52 week low of $28.86 and a 52 week high of $43.86. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41. The company has a market cap of $839.85 million, a P/E ratio of 10.64 and a beta of 0.88. The company has a 50-day moving average price of $37.24 and a 200 day moving average price of $38.57.

First Mid Bancshares (NASDAQ:FMBH) last issued its earnings results on Thursday, January 23rd. The bank reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. Research analysts predict that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current year.

First Mid Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.74%. First Mid Bancshares’s dividend payout ratio (DPR) is 29.18%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Hovde Group decreased their target price on shares of First Mid Bancshares from $48.00 to $43.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. Keefe, Bruyette & Woods increased their target price on shares of First Mid Bancshares from $42.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Stephens restated an “equal weight” rating and issued a $43.00 price objective on shares of First Mid Bancshares in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, First Mid Bancshares currently has an average rating of “Hold” and a consensus price target of $45.00.

About First Mid Bancshares

First Mid Bancshares, Inc, a financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States. It accepts various deposit products, such as demand deposits, savings accounts, money market deposits, and time deposits. The company’s loan products include commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans, as well as construction and land development, 1-4 family residential properties, and multifamily residential properties loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.