Jane Street Group LLC Sells 18,600 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Jane Street Group LLC lessened its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 77.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,513 shares of the bank's stock after selling 18,600 shares during the period. Jane Street Group LLC's holdings in First Mid Bancshares were worth $203,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Sterling Capital Management LLC increased its position in shares of First Mid Bancshares by 804.9% during the fourth quarter. Sterling Capital Management LLC now owns 733 shares of the bank's stock worth $27,000 after acquiring an additional 652 shares in the last quarter. Federated Hermes Inc. boosted its stake in First Mid Bancshares by 1,226.4% in the fourth quarter. Federated Hermes Inc. now owns 955 shares of the bank's stock valued at $35,000 after acquiring an additional 883 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in First Mid Bancshares in the fourth quarter valued at about $65,000. Tower Research Capital LLC TRC boosted its stake in First Mid Bancshares by 16.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,959 shares of the bank's stock valued at $72,000 after acquiring an additional 276 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new position in First Mid Bancshares in the fourth quarter valued at about $76,000. Institutional investors and hedge funds own 47.57% of the company's stock.

Analyst Ratings Changes

FMBH has been the topic of a number of recent research reports. Stephens restated a "positive" rating on shares of First Mid Bancshares in a research note on Friday, May 2nd. Raymond James restated an "outperform" rating and set a $40.00 price target (down from $43.00) on shares of First Mid Bancshares in a research note on Friday, May 2nd. Finally, Hovde Group decreased their target price on shares of First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, First Mid Bancshares currently has a consensus rating of "Moderate Buy" and an average price target of $43.83.

First Mid Bancshares Price Performance

First Mid Bancshares stock traded up $0.34 during midday trading on Monday, reaching $36.46. 57,580 shares of the stock were exchanged, compared to its average volume of 62,565. The company's fifty day moving average is $34.42 and its 200-day moving average is $36.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $874.64 million, a PE ratio of 11.08 and a beta of 0.87. First Mid Bancshares, Inc. has a 52 week low of $27.58 and a 52 week high of $43.86.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The bank reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.02. The firm had revenue of $85.21 million for the quarter, compared to analyst estimates of $58.29 million. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. On average, sell-side analysts forecast that First Mid Bancshares, Inc. will post 3.61 EPS for the current year.

First Mid Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Thursday, May 15th. First Mid Bancshares's payout ratio is 28.57%.

First Mid Bancshares 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.