Creative Financial Designs Inc. ADV Reduces Holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Creative Financial Designs Inc. ADV trimmed its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 74.7% in the fourth quarter, HoldingsChannel reports. The firm owned 1,219 shares of the bank’s stock after selling 3,608 shares during the period. Creative Financial Designs Inc. ADV’s holdings in First Mid Bancshares were worth $45,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FMBH. Thrivent Financial for Lutherans grew its stake in First Mid Bancshares by 17.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 43,252 shares of the bank’s stock worth $1,683,000 after acquiring an additional 6,353 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in First Mid Bancshares in the 3rd quarter worth approximately $869,000. Quantbot Technologies LP purchased a new stake in First Mid Bancshares in the 3rd quarter worth approximately $84,000. BNP Paribas Financial Markets grew its stake in First Mid Bancshares by 33.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank’s stock worth $233,000 after acquiring an additional 1,510 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in First Mid Bancshares by 12.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,959 shares of the bank’s stock worth $738,000 after acquiring an additional 2,028 shares during the period. 47.57% of the stock is owned by hedge funds and other institutional investors.

First Mid Bancshares Stock Down 0.6 %

Shares of First Mid Bancshares stock opened at $35.02 on Friday. The company has a fifty day moving average price of $37.24 and a 200 day moving average price of $38.57. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. First Mid Bancshares, Inc. has a twelve month low of $28.86 and a twelve month high of $43.86. The stock has a market cap of $839.85 million, a price-to-earnings ratio of 10.64 and a beta of 0.88.

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. Equities research analysts forecast that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current fiscal year.

First Mid Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a $0.24 dividend. The ex-dividend date was Thursday, February 13th. This represents a $0.96 dividend on an annualized basis and a yield of 2.74%. First Mid Bancshares’s payout ratio is currently 29.18%.

Analyst Ratings Changes

FMBH has been the topic of a number of research analyst reports. Stephens reiterated an “equal weight” rating and issued a $43.00 price target on shares of First Mid Bancshares in a report on Friday, January 24th. Hovde Group decreased their price target on shares of First Mid Bancshares from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $45.00.

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.