Vise Technologies Inc. Takes $481,000 Position in First Mid Bancshares, Inc. $FMBH

Vise Technologies Inc. purchased a new position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,914 shares of the bank’s stock, valued at approximately $481,000. Vise Technologies Inc. owned about 0.05% of First Mid Bancshares at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of First Mid Bancshares by 256.9% during the 1st quarter. AQR Capital Management LLC now owns 105,648 shares of the bank’s stock worth $3,687,000 after buying an additional 76,050 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of First Mid Bancshares by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,566 shares of the bank’s stock valued at $473,000 after buying an additional 550 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of First Mid Bancshares by 1,662.9% in the 1st quarter. Jones Financial Companies Lllp now owns 4,231 shares of the bank’s stock valued at $148,000 after buying an additional 3,991 shares during the last quarter. Empowered Funds LLC grew its position in shares of First Mid Bancshares by 31.5% in the 1st quarter. Empowered Funds LLC now owns 72,134 shares of the bank’s stock valued at $2,517,000 after buying an additional 17,266 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in First Mid Bancshares by 494.1% during the 1st quarter. Jane Street Group LLC now owns 32,755 shares of the bank’s stock worth $1,143,000 after acquiring an additional 27,242 shares in the last quarter. 47.57% of the stock is owned by hedge funds and other institutional investors.

First Mid Bancshares Stock Up 0.3%

FMBH opened at $50.45 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.95. First Mid Bancshares, Inc. has a 12 month low of $34.15 and a 12 month high of $53.36. The stock has a market capitalization of $1.34 billion, a P/E ratio of 12.52 and a beta of 0.78. The business has a 50 day simple moving average of $49.57 and a 200-day simple moving average of $45.11.

First Mid Bancshares (NASDAQ:FMBH) last posted its earnings results on Thursday, July 23rd. The bank reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.21. The company had revenue of $109.32 million for the quarter, compared to analyst estimates of $107.42 million. First Mid Bancshares had a return on equity of 10.86% and a net margin of 19.76%. On average, equities analysts anticipate that First Mid Bancshares, Inc. will post 4.69 earnings per share for the current fiscal year.

First Mid Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.04 annualized dividend and a dividend yield of 2.1%. This is a boost from First Mid Bancshares’s previous quarterly dividend of $0.25. First Mid Bancshares’s dividend payout ratio is presently 25.81%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Piper Sandler boosted their target price on First Mid Bancshares from $55.00 to $62.50 and gave the company an “overweight” rating in a report on Tuesday, July 28th. DA Davidson raised their price target on First Mid Bancshares from $47.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Raymond James Financial reaffirmed an “outperform” rating and set a $48.00 price target on shares of First Mid Bancshares in a research report on Friday, May 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of First Mid Bancshares in a research note on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods increased their price objective on First Mid Bancshares from $50.00 to $54.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.62.

First Mid Bancshares Profile

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.