Millennium Management LLC Trims Stock Holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Millennium Management LLC cut its position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 85.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,418 shares of the bank's stock after selling 60,761 shares during the quarter. Millennium Management LLC's holdings in First Mid Bancshares were worth $384,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in First Mid Bancshares by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,016 shares of the bank's stock valued at $479,000 after acquiring an additional 458 shares during the last quarter. Deutsche Bank AG increased its holdings in First Mid Bancshares by 72.3% in the fourth quarter. Deutsche Bank AG now owns 19,073 shares of the bank's stock worth $702,000 after purchasing an additional 8,002 shares in the last quarter. Bank of America Corp DE lifted its stake in First Mid Bancshares by 28.6% in the fourth quarter. Bank of America Corp DE now owns 27,531 shares of the bank's stock valued at $1,014,000 after buying an additional 6,120 shares during the period. PDT Partners LLC lifted its stake in First Mid Bancshares by 156.6% in the fourth quarter. PDT Partners LLC now owns 13,420 shares of the bank's stock valued at $494,000 after buying an additional 8,191 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of First Mid Bancshares by 5.2% during the 4th quarter. Northern Trust Corp now owns 221,975 shares of the bank's stock worth $8,173,000 after buying an additional 10,925 shares in the last quarter. Institutional investors own 47.57% of the company's stock.

First Mid Bancshares Stock Up 2.5%

Shares of NASDAQ FMBH traded up $0.90 during mid-day trading on Tuesday, reaching $37.36. 96,600 shares of the company's stock traded hands, compared to its average volume of 62,700. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. First Mid Bancshares, Inc. has a 1-year low of $27.58 and a 1-year high of $43.86. The stock has a market cap of $896.23 million, a P/E ratio of 11.36 and a beta of 0.87. The business has a 50-day simple moving average of $34.42 and a 200 day simple moving average of $36.61.

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

First Mid Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Thursday, May 15th. First Mid Bancshares's dividend payout ratio is 28.57%.

Wall Street Analyst Weigh In

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