First Mid Bancshares, Inc. $FMBH Shares Acquired by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp boosted its stake in First Mid Bancshares by 421.7% in Q3, buying 57,600 shares to hold 71,260 shares worth about $2.70M (roughly 0.30% of the company), while overall institutional ownership stands near 47.6%.
• First Mid reported Q results of $1.06 EPS (in line with estimates) and revenue of $90.14M (above consensus), has a market cap of ~$1.07B and pays a quarterly dividend of $0.25 (annualized yield ~2.5%).
• Equity analysts have a consensus rating of “Moderate Buy” with a $43.75 average target (four Buy, two Hold), though recent notes range from Zacks lowering to Hold to DA Davidson raising its target to $46 with a Neutral rating.

Tudor Investment Corp ET AL increased its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 421.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,260 shares of the bank's stock after purchasing an additional 57,600 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.30% of First Mid Bancshares worth $2,699,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FMBH shares. Zacks Research cut shares of First Mid Bancshares from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 5th. DA Davidson raised their price objective on First Mid Bancshares from $45.00 to $46.00 and gave the stock a "neutral" rating in a report on Monday, February 2nd. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of First Mid Bancshares in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $43.75.

Insider Activity at First Mid Bancshares

In other news, EVP Bradley L. Beesley sold 6,000 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $44.00, for a total transaction of $264,000.00. Following the completion of the sale, the executive vice president owned 12,378 shares in the company, valued at approximately $544,632. This represents a 32.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.70% of the company's stock.

First Mid Bancshares Stock Performance

Shares of FMBH opened at $40.12 on Friday. The company's 50 day simple moving average is $41.82 and its 200-day simple moving average is $39.65. The firm has a market cap of $1.07 billion, a PE ratio of 10.45 and a beta of 0.90. First Mid Bancshares, Inc. has a 12-month low of $27.58 and a 12-month high of $44.85. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.03.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The bank reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The firm had revenue of $90.14 million during the quarter, compared to the consensus estimate of $67.86 million. First Mid Bancshares had a net margin of 19.69% and a return on equity of 10.44%. As a group, equities analysts predict that First Mid Bancshares, Inc. will post 3.61 EPS for the current year.

First Mid Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, February 12th. First Mid Bancshares's dividend payout ratio is presently 26.04%.

First Mid Bancshares 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.

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