Tudor Investment Corp ET AL Makes New Investment in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Tudor Investment Corp ET AL purchased a new position in First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 41,217 shares of the bank's stock, valued at approximately $1,518,000. Tudor Investment Corp ET AL owned about 0.17% of First Mid Bancshares at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FMBH. Sterling Capital Management LLC lifted its stake in First Mid Bancshares by 804.9% in the fourth quarter. Sterling Capital Management LLC now owns 733 shares of the bank's stock valued at $27,000 after buying an additional 652 shares during the last quarter. Federated Hermes Inc. boosted its stake in First Mid Bancshares by 1,226.4% during the 4th quarter. Federated Hermes Inc. now owns 955 shares of the bank's stock valued at $35,000 after purchasing an additional 883 shares during the period. Aquatic Capital Management LLC bought a new position in First Mid Bancshares in the 4th quarter worth about $65,000. Tower Research Capital LLC TRC grew its position in First Mid Bancshares by 16.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,959 shares of the bank's stock worth $72,000 after purchasing an additional 276 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in shares of First Mid Bancshares in the fourth quarter valued at approximately $76,000. Institutional investors and hedge funds own 47.57% of the company's stock.

First Mid Bancshares Price Performance

NASDAQ FMBH traded down $0.22 on Friday, reaching $36.39. The company's stock had a trading volume of 36,629 shares, compared to its average volume of 61,355. The firm's 50 day moving average is $34.18 and its two-hundred day moving average is $37.28. The stock has a market cap of $872.70 million, a PE ratio of 11.06 and a beta of 0.84. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. 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 issued its earnings results on Wednesday, April 30th. The bank reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.02. The firm had revenue of $85.21 million during the quarter, compared to analysts' expectations of $58.29 million. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. As a group, sell-side analysts predict that First Mid Bancshares, Inc. will post 3.61 EPS for the current year.

First Mid Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Thursday, May 15th. First Mid Bancshares's dividend payout ratio (DPR) is presently 28.57%.

Wall Street Analysts Forecast Growth

FMBH has been the topic of several analyst reports. Hovde Group lowered their target price on 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. Stephens restated a "positive" rating on shares of First Mid Bancshares in a research note on Friday, May 2nd. Finally, Raymond James reiterated an "outperform" rating and issued a $40.00 target price (down previously from $43.00) on shares of First Mid Bancshares in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.83.

About First Mid Bancshares

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.