Tudor Investment Corp ET AL Has $2.70 Million Stake in First Mid Bancshares, Inc. $FMBH

Key Points

• Tudor Investment Corp boosted its stake in First Mid Bancshares by 421.7% in Q3 to 71,260 shares (about $2.70M), and institutional investors collectively own 47.57% of the company as several other funds also increased positions.
• First Mid reported quarterly EPS of $1.06 (in line with estimates) and revenue of $90.14M (above the $67.86M estimate), with a 10.44% ROE, 19.69% net margin, a market cap of ~$1.16B and a trailing P/E of 11.34.
• The bank pays a $0.25 quarterly dividend (annualized $1.00; yield 2.3%, payout ratio 26%), and analysts' consensus is a Moderate Buy with an average price target of $43.75 (four Buys, two Holds).

Tudor Investment Corp ET AL lifted its stake 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 filing with the Securities & Exchange Commission. The firm owned 71,260 shares of the bank's stock after buying an additional 57,600 shares during the quarter. Tudor Investment Corp ET AL owned about 0.30% of First Mid Bancshares worth $2,699,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Qube Research & Technologies Ltd grew its position in shares of First Mid Bancshares by 16.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 29,814 shares of the bank's stock worth $1,129,000 after buying an additional 4,144 shares during the period. Aquatic Capital Management LLC grew its position in shares of First Mid Bancshares by 272.5% during the 3rd quarter. Aquatic Capital Management LLC now owns 1,438 shares of the bank's stock worth $54,000 after buying an additional 1,052 shares during the period. Ameriprise Financial Inc. grew its position in shares of First Mid Bancshares by 25.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 23,890 shares of the bank's stock worth $905,000 after buying an additional 4,883 shares during the period. Creative Planning grew its position in shares of First Mid Bancshares by 11.3% during the 3rd quarter. Creative Planning now owns 70,661 shares of the bank's stock worth $2,677,000 after buying an additional 7,178 shares during the period. Finally, Raymond James Financial Inc. grew its position in shares of First Mid Bancshares by 21.2% during the 3rd quarter. Raymond James Financial Inc. now owns 14,741 shares of the bank's stock worth $558,000 after buying an additional 2,575 shares during the period. Institutional investors and hedge funds own 47.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Weiss Ratings reissued a "buy (b-)" rating on shares of First Mid Bancshares in a research report on Monday, December 29th. DA Davidson lifted their price target on shares of First Mid Bancshares from $45.00 to $46.00 and gave the company a "neutral" rating in a research report on Monday, February 2nd. Finally, Zacks Research downgraded shares of First Mid Bancshares from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 5th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, First Mid Bancshares presently has an average rating of "Moderate Buy" and an average price target of $43.75.

Insider Activity at First Mid Bancshares

In other news, EVP Bradley L. Beesley sold 6,000 shares of First Mid Bancshares stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $44.00, for a total transaction of $264,000.00. Following the sale, the executive vice president directly owned 12,378 shares in the company, valued at $544,632. The trade was a 32.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.00% of the stock is owned by insiders.

First Mid Bancshares Price Performance

Shares of NASDAQ:FMBH opened at $43.55 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.03. The stock's fifty day simple moving average is $41.83 and its two-hundred day simple moving average is $39.84. First Mid Bancshares, Inc. has a 1-year low of $30.49 and a 1-year high of $44.85. The stock has a market cap of $1.16 billion, a PE ratio of 11.34 and a beta of 0.82.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The bank reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. First Mid Bancshares had a return on equity of 10.44% and a net margin of 19.69%.The business had revenue of $90.14 million for the quarter, compared to analysts' expectations of $67.86 million. As a group, analysts forecast that First Mid Bancshares, Inc. will post 3.61 EPS for the current fiscal 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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Thursday, February 12th. First Mid Bancshares's payout ratio is presently 26.04%.

About First Mid Bancshares

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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