Raymond James Financial Services Advisors Inc. Takes $208,000 Position in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Raymond James Financial Services Advisors Inc. acquired a new stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,000 shares of the bank’s stock, valued at approximately $208,000.

A number of other hedge funds have also made changes to their positions in the stock. Gendell Jeffrey L bought a new stake in First Mid Bancshares during the 3rd quarter valued at approximately $5,714,000. Endeavour Capital Advisors Inc. bought a new stake in First Mid Bancshares during the 3rd quarter valued at approximately $10,895,000. Swiss National Bank boosted its stake in First Mid Bancshares by 2.3% during the 3rd quarter. Swiss National Bank now owns 40,600 shares of the bank’s stock valued at $1,078,000 after purchasing an additional 900 shares during the period. Vanguard Group Inc. boosted its stake in First Mid Bancshares by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,040,575 shares of the bank’s stock valued at $27,638,000 after purchasing an additional 58,456 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in First Mid Bancshares by 1.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 97,220 shares of the bank’s stock valued at $2,582,000 after purchasing an additional 1,790 shares during the period. Institutional investors and hedge funds own 47.57% of the company’s stock.

First Mid Bancshares Price Performance

First Mid Bancshares stock opened at $31.76 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $758.75 million, a PE ratio of 10.02 and a beta of 0.87. First Mid Bancshares, Inc. has a one year low of $21.77 and a one year high of $35.83. The business has a 50 day simple moving average of $30.74 and a 200 day simple moving average of $31.07.

First Mid Bancshares (NASDAQ:FMBH) last posted its earnings results on Thursday, January 25th. The bank reported $0.94 EPS for the quarter, topping the consensus estimate of $0.83 by $0.11. The business had revenue of $79.23 million during the quarter, compared to the consensus estimate of $77.10 million. First Mid Bancshares had a return on equity of 10.71% and a net margin of 17.82%. On average, sell-side analysts forecast that First Mid Bancshares, Inc. will post 3.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Raymond James raised their price objective on First Mid Bancshares from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Stephens reduced their price objective on First Mid Bancshares from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.50.

First Mid Bancshares Company 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.