Sanctuary Advisors LLC Invests $3.13 Million in First Mid Bancshares, Inc. $FMBH

Sanctuary Advisors LLC bought a new stake in First Mid Bancshares, Inc. (NASDAQ:FMBH) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 90,342 shares of the bank’s stock, valued at approximately $3,126,000. Sanctuary Advisors LLC owned about 0.34% of First Mid Bancshares at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of FMBH. AQR Capital Management LLC grew its position in First Mid Bancshares by 256.9% during the 1st quarter. AQR Capital Management LLC now owns 105,648 shares of the bank’s stock worth $3,687,000 after acquiring an additional 76,050 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in First Mid Bancshares by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,566 shares of the bank’s stock valued at $473,000 after purchasing an additional 550 shares during the last quarter. Jones Financial Companies Lllp raised its position in First Mid Bancshares by 1,662.9% in the 1st quarter. Jones Financial Companies Lllp now owns 4,231 shares of the bank’s stock valued at $148,000 after purchasing an additional 3,991 shares during the last quarter. Empowered Funds LLC boosted its stake in First Mid Bancshares by 31.5% in the first quarter. Empowered Funds LLC now owns 72,134 shares of the bank’s stock worth $2,517,000 after purchasing an additional 17,266 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in First Mid Bancshares by 494.1% in the first quarter. Jane Street Group LLC now owns 32,755 shares of the bank’s stock worth $1,143,000 after purchasing an additional 27,242 shares in the last quarter. 47.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Raymond James Financial restated an “outperform” rating and issued a $48.00 target price on shares of First Mid Bancshares in a research note on Friday, May 1st. DA Davidson upped their price target on shares of First Mid Bancshares from $47.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Piper Sandler upped their price target on shares of First Mid Bancshares from $55.00 to $62.50 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Keefe, Bruyette & Woods increased their price objective on shares of First Mid Bancshares from $50.00 to $54.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of First Mid Bancshares in a research report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, First Mid Bancshares presently has an average rating of “Moderate Buy” and an average target price of $54.62.

First Mid Bancshares Stock Down 0.6%

NASDAQ FMBH opened at $50.14 on Wednesday. The stock has a fifty day moving average of $49.65 and a 200-day moving average of $45.15. The stock has a market capitalization of $1.33 billion, a P/E ratio of 12.44 and a beta of 0.78. First Mid Bancshares, Inc. has a 52 week low of $34.15 and a 52 week high of $53.36. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.95 and a current ratio of 0.95.

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, topping analysts’ consensus estimates of $1.05 by $0.21. First Mid Bancshares had a return on equity of 10.86% and a net margin of 19.76%.The company had revenue of $109.32 million during the quarter, compared to the consensus estimate of $107.42 million. On average, equities research analysts forecast 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 will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.04 annualized dividend and a yield of 2.1%. This is an increase from First Mid Bancshares’s previous quarterly dividend of $0.25. First Mid Bancshares’s dividend payout ratio (DPR) 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.