Kennedy Capital Management LLC Has $8.90 Million Stock Holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Kennedy Capital Management LLC lowered its stake in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 3.0% during the first quarter, Holdings Channel.com reports. The fund owned 272,179 shares of the bank’s stock after selling 8,555 shares during the period. Kennedy Capital Management LLC’s holdings in First Mid Bancshares were worth $8,895,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ballentine Partners LLC bought a new position in shares of First Mid Bancshares in the 4th quarter valued at about $65,151,000. Vanguard Group Inc. lifted its stake in First Mid Bancshares by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 1,292,218 shares of the bank’s stock valued at $42,230,000 after purchasing an additional 85,434 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in First Mid Bancshares by 5.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 678,953 shares of the bank’s stock valued at $23,533,000 after purchasing an additional 34,401 shares during the last quarter. Wellington Management Group LLP grew its holdings in First Mid Bancshares by 5.9% during the fourth quarter. Wellington Management Group LLP now owns 294,666 shares of the bank’s stock worth $10,213,000 after purchasing an additional 16,388 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in First Mid Bancshares by 21.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 176,704 shares of the bank’s stock worth $6,125,000 after buying an additional 31,164 shares during the last quarter. Institutional investors own 47.57% of the company’s stock.

First Mid Bancshares Stock Performance

Shares of NASDAQ FMBH traded up $0.46 during trading hours on Tuesday, reaching $38.78. 43,237 shares of the stock were exchanged, compared to its average volume of 56,402. The firm has a market capitalization of $926.84 million, a price-to-earnings ratio of 12.36 and a beta of 0.90. The stock’s fifty day simple moving average is $33.17 and its 200 day simple moving average is $32.01. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.90 and a current ratio of 0.90. First Mid Bancshares, Inc. has a 52 week low of $25.73 and a 52 week high of $40.24.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Piper Sandler reduced their target price on First Mid Bancshares from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. Hovde Group began coverage on shares of First Mid Bancshares in a research report on Wednesday, June 26th. They set an “outperform” rating and a $35.00 price objective for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, First Mid Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.60.

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.