Hennion & Walsh Asset Management Inc. Invests $240,000 in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Hennion & Walsh Asset Management Inc. purchased a new position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,890 shares of the bank's stock, valued at approximately $240,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FMBH. Tower Research Capital LLC TRC lifted its stake in First Mid Bancshares by 16.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,959 shares of the bank's stock valued at $72,000 after purchasing an additional 276 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in First Mid Bancshares by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,016 shares of the bank's stock valued at $479,000 after purchasing an additional 458 shares during the last quarter. Two Sigma Advisers LP lifted its stake in First Mid Bancshares by 6.6% in the 4th quarter. Two Sigma Advisers LP now owns 8,100 shares of the bank's stock valued at $298,000 after purchasing an additional 500 shares during the last quarter. Sterling Capital Management LLC lifted its stake in First Mid Bancshares by 804.9% in the 4th quarter. Sterling Capital Management LLC now owns 733 shares of the bank's stock valued at $27,000 after purchasing an additional 652 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in First Mid Bancshares by 6.0% in the 4th quarter. MetLife Investment Management LLC now owns 13,737 shares of the bank's stock valued at $506,000 after purchasing an additional 776 shares during the last quarter. Institutional investors own 47.57% of the company's stock.

First Mid Bancshares Trading Down 3.3%

NASDAQ FMBH traded down $1.20 on Friday, hitting $35.46. The company's stock had a trading volume of 71,677 shares, compared to its average volume of 63,171. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41. First Mid Bancshares, Inc. has a 1-year low of $27.58 and a 1-year high of $43.86. The company's 50-day moving average is $34.74 and its 200 day moving average is $36.58. The firm has a market cap of $850.65 million, a PE ratio of 10.78 and a beta of 0.87.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The bank reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.02. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. The firm had revenue of $85.21 million during the quarter, compared to analysts' expectations of $58.29 million. As a group, analysts predict that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current fiscal year.

First Mid Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Thursday, May 15th. First Mid Bancshares's dividend payout ratio (DPR) is presently 28.57%.

Analyst Ratings Changes

FMBH has been the subject of several research reports. Hovde Group dropped their price objective 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. Stephens reissued a "positive" rating on shares of First Mid Bancshares in a research note on Friday, May 2nd. Finally, Raymond James reissued an "outperform" rating and issued a $40.00 price objective (down previously from $43.00) on shares of First Mid Bancshares in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.83.

First Mid Bancshares Company Profile

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.