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

Tudor Investment Corp ET AL purchased a new position in shares of 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 Securities and Exchange Commission. The fund purchased 41,217 shares of the bank's stock, valued at approximately $1,518,000. Tudor Investment Corp ET AL owned approximately 0.17% of First Mid Bancshares at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of FMBH. Aquatic Capital Management LLC purchased a new stake in First Mid Bancshares during the fourth quarter worth $65,000. Price T Rowe Associates Inc. MD raised its stake in shares of First Mid Bancshares by 18.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,884 shares of the bank's stock worth $328,000 after buying an additional 1,389 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of 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 buying an additional 276 shares in the last quarter. MetLife Investment Management LLC grew its stake in First Mid Bancshares by 6.0% in the 4th quarter. MetLife Investment Management LLC now owns 13,737 shares of the bank's stock valued at $506,000 after acquiring an additional 776 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in First Mid Bancshares by 6.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 891,154 shares of the bank's stock valued at $32,813,000 after acquiring an additional 54,285 shares in the last quarter. Institutional investors and hedge funds own 47.57% of the company's stock.

First Mid Bancshares Stock Up 4.3 %

FMBH stock opened at $35.91 on Monday. The company has a 50 day moving average price of $34.33 and a two-hundred day moving average price of $37.37. 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 stock has a market capitalization of $861.19 million, a P/E ratio of 10.91 and a beta of 0.84. First Mid Bancshares, Inc. has a one year low of $27.58 and a one year high of $43.86.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last released 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 firm had revenue of $85.21 million during the quarter, compared to analyst estimates of $58.29 million. As a group, sell-side analysts expect that First Mid Bancshares, Inc. will post 3.61 EPS for the current year.

First Mid Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, May 15th. First Mid Bancshares's dividend payout ratio is currently 28.57%.

Wall Street Analysts Forecast Growth

FMBH has been the topic of several research reports. Raymond James reiterated an "outperform" rating and issued a $40.00 price target (down from $43.00) on shares of First Mid Bancshares in a research report on Friday. Stephens dropped their price target on First Mid Bancshares from $43.00 to $41.00 and set an "equal weight" rating for the company in a research report on Friday. Finally, Hovde Group reduced their price objective 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $43.83.

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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