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

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

A number of other hedge funds also recently modified their holdings of FMBH. PDT Partners LLC lifted its position in shares of First Mid Bancshares by 156.6% during the 4th quarter. PDT Partners LLC now owns 13,420 shares of the bank's stock worth $494,000 after buying an additional 8,191 shares during the period. Northern Trust Corp increased its stake in shares of First Mid Bancshares by 5.2% in the 4th quarter. Northern Trust Corp now owns 221,975 shares of the bank's stock valued at $8,173,000 after buying an additional 10,925 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of First Mid Bancshares in the 4th quarter valued at $1,518,000. Aquatic Capital Management LLC acquired a new stake in shares of First Mid Bancshares during the fourth quarter worth $65,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of First Mid Bancshares by 18.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,884 shares of the bank's stock worth $328,000 after purchasing an additional 1,389 shares during the period. Institutional investors own 47.57% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FMBH shares. Raymond James reaffirmed an "outperform" rating and set a $40.00 price objective (down from $43.00) on shares of First Mid Bancshares in a research note on Friday, May 2nd. Stephens restated a "positive" rating on shares of First Mid Bancshares in a report on Friday, May 2nd. Finally, Hovde Group dropped their target price on 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $43.83.

First Mid Bancshares Price Performance

Shares of NASDAQ FMBH opened at $35.36 on Friday. The business's 50 day moving average price is $34.36 and its two-hundred day moving average price is $36.76. The company has a market cap of $848.25 million, a PE ratio of 10.75 and a beta of 0.84. 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 twelve month low of $27.58 and a twelve month high of $43.86.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last posted its earnings results on Wednesday, April 30th. The bank reported $0.96 EPS for the quarter, beating the consensus estimate of $0.94 by $0.02. First Mid Bancshares had a return on equity of 10.10% and a net margin of 17.39%. The company had revenue of $85.21 million for the quarter, compared to the consensus estimate of $58.29 million. On average, analysts predict 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. Investors of record on Thursday, May 15th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Thursday, May 15th. First Mid Bancshares's dividend payout ratio is currently 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.

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