10,765 Shares in First Mid Bancshares, Inc. $FMBH Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP acquired 10,765 shares of First Mid Bancshares, Inc. worth approximately $376,000 in the first quarter.
• First Mid Bancshares reported $0.99 EPS for the last quarter, exceeding analysts' expectations of $0.91.
• The company announced a dividend increase from $0.24 to $0.25 per share, resulting in a 2.5% yield for investors.

Trexquant Investment LP acquired a new position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,765 shares of the bank's stock, valued at approximately $376,000.

Other large investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. bought a new position in shares of First Mid Bancshares during the 1st quarter worth approximately $26,000. Meeder Asset Management Inc. bought a new position in shares of First Mid Bancshares during the 1st quarter worth approximately $29,000. Federated Hermes Inc. raised its stake in shares of First Mid Bancshares by 35.6% during the 1st quarter. Federated Hermes Inc. now owns 1,295 shares of the bank's stock worth $45,000 after acquiring an additional 340 shares in the last quarter. CWM LLC grew its position in First Mid Bancshares by 174.5% during the 1st quarter. CWM LLC now owns 3,791 shares of the bank's stock worth $132,000 after purchasing an additional 2,410 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in First Mid Bancshares by 13,062.9% during the 1st quarter. GAMMA Investing LLC now owns 4,607 shares of the bank's stock worth $161,000 after purchasing an additional 4,572 shares during the last quarter. Institutional investors own 47.57% of the company's stock.

First Mid Bancshares Stock Down 2.0%

FMBH stock opened at $39.78 on Wednesday. The firm's fifty day simple moving average is $39.03 and its 200-day simple moving average is $36.57. The company has a market capitalization of $954.72 million, a P/E ratio of 11.30 and a beta of 0.91. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.93. First Mid Bancshares, Inc. has a 12 month low of $27.58 and a 12 month high of $43.86.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The bank reported $0.99 EPS for the quarter, beating the consensus estimate of $0.91 by $0.08. The business had revenue of $88.23 million for the quarter, compared to the consensus estimate of $64.42 million. First Mid Bancshares had a net margin of 18.32% and a return on equity of 10.09%. As a group, equities research analysts forecast that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current year.

First Mid Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.25 dividend. This is an increase from First Mid Bancshares's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. First Mid Bancshares's payout ratio is currently 28.41%.

Insider Activity at First Mid Bancshares

In other news, CEO Clay M. Dean sold 1,553 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $37.64, for a total value of $58,454.92. Following the sale, the chief executive officer directly owned 11,229 shares of the company's stock, valued at $422,659.56. This represents a 12.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on FMBH shares. Wall Street Zen raised shares of First Mid Bancshares from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Piper Sandler boosted their target price on shares of First Mid Bancshares from $47.00 to $49.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, DA Davidson boosted their target price on shares of First Mid Bancshares from $39.00 to $42.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Four 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, First Mid Bancshares presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.33.

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.

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