Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Mid Bancshares Inc (FMBH)

164 + Investors. Track Smart Money conviction in FMBH. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
9Q ▲
Buyers last Q
59%

Smart Money Signals — FMBH

Based on 166 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 9 quarters in a row

last 6Q
For 9 consecutive quarters, more hedge funds added FMBH than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
166 hedge funds hold FMBH right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +13% more funds vs a year ago

fund count last 6Q
+19 new funds entered over the past year (+13% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 59% buying

86 buying59 selling
Last quarter: 86 funds bought or added vs 59 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~18 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 16 → 20 → 23 → 18. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 20% medium ■ 22% new
97 out of 166 hedge funds have held FMBH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

18 → 16 → 20 → 23 → 18 new funds/Q
New funds entering each quarter: 16 → 20 → 23 → 18. A growing number of institutions are discovering FMBH each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 60% veterans vs 25% newcomers

■ 60% veterans ■ 14% 1-2yr ■ 25% new
Entry-cohort mix of 166 holders: 100 (60%) are 2+ year veterans, 24 entered 1–2 years ago, and 42 (25%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 60% AUM from top-100 funds

60% from top-100 AUM funds
48 of 165 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in FMBH. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — FMBH

In 2026 Q2, 86 hedge funds were net buyers of FMBH (18 opened a new position, 68 added to an existing one), while 59 reduced or exited (42 trimmed, 17 sold completely) — a 59% buyer ratio, indicating a slight buying edge. This marks 9 consecutive quarters of net institutional buying — a persistent conviction signal. 60% of total institutional value in FMBH is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 166.

Hedge Fund Ownership: FMBH

How many hedge funds hold FMBH — quarterly history vs. share price
Quarterly hedge fund ownership of FMBH vs. share price

Market Analysis: FMBH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FMBH

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy First Mid Bancshares Inc (FMBH) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FMBH has moved relative to its sector benchmark (XLF) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 60d ago
FMBH
+4.6%
XLF
+8.0%

FMBH outperformed XLF by -3.4% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 15d ago
FMBH
-2.8%
XLF
-0.5%

Since the filing became public, FMBH outperformed XLF by -2.3% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

9 top-rated funds 0 high-conviction
Consensus
4.3
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: FMBH
164 + Investors

Track Smart Money conviction in FMBH. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 164 165 -0.61%
13F Shares 15M 14M 8.24%
Total Value $690M $545M 26.71%
New Positions 18 23 -5
Increased Positions 67 58 +9
Closed Positions 18 13 +5
Reduced Positions 42 46 -4
Total Calls 0 0 -
Total Puts 1 0 100%
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FMBH

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Institutional Holders (2026 Q2)

164 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FMBH. Verified SEC 13F-HR filings.

QUARTER:
Top 25 FMBH holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Rhino Investment Partners, Inc 2.41% 165,818 $8.0M
2 Endeavour Capital Advisors Inc 1.56% 157,934 $7.6M
3 Siena Capital Partners GP, LLC 1.49% 128,404 $6.2M
4 Ballentine Partners, LLC 0.98% 1,670,229 $80.3M
5 Maltese Capital Management LLC 0.93% 105,700 $5.1M
6 Armstrong, Fleming & Moore, Inc 0.40% 24,930 $1.2M
7 Cozad Asset Management Inc 0.32% 102,470 $4.9M
8 Duncker Streett & Co Inc 0.19% 23,211 $1.1M
9 Globeflex Capital L P 0.15% 23,714 $1.1M
10 Bridgeway Capital Management, LLC 0.14% 165,913 $8.0M
11 CarsonAllaria Wealth Management, Ltd. 0.14% 6,513 $313K
12 Western Wealth Management, LLC 0.13% 84,964 $4.1M
13 HoldCo Asset Management, LP 0.10% 33,284 $1.6M
14 Gendell Jeffrey L 0.06% 137,473 $6.6M
15 Visionary Wealth Advisors 0.05% 28,131 $1.4M
16 Aster Capital Management (DIFC) Ltd 0.05% 5,547 $208K
17 Estate Counselors, LLC 0.05% 11,385 $548K
18 PL Capital Advisors, LLC 0.04% 3,344 $161K
19 Wedge Capital Management L L P/Nc 0.04% 52,452 $2.5M
20 Deprince Race & Zollo Inc 0.04% 48,611 $2.3M
21 City State Bank 0.03% 3,062 $147K
22 Martingale Asset Management L P 0.03% 25,817 $1.2M
23 Empowered Funds, LLC 0.03% 114,413 $5.5M
24 Moneta Group Investment Advisors LLC 0.02% 66,368 $3.2M
25 Hotchkis & Wiley Capital Management LLC 0.02% 163,484 $7.9M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — First Mid Bancshares Inc (FMBH)

What does the Smart Money Trend signal show for FMBH?

Buying streak — 9 quarters in a row: For 9 consecutive quarters, more hedge funds added FMBH than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for FMBH?

Slight buying edge — 59% buying: Last quarter: 86 funds bought or added vs 59 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for FMBH holders?

Elite ownership — 60% AUM from top-100 funds: 48 of 165 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in FMBH. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held FMBH?

58% of holders stayed for 2+ years: 97 out of 166 hedge funds have held FMBH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy First Mid Bancshares Inc (FMBH) following the 2026 Q2 hedge fund 13F filings?

As of today, FMBH has moved -2.8% since the 2026 Q2 13F filing date (August 14, 2026), compared to -0.5% for the XLF sector ETF — an outperformance of -2.3%. Since the quarter end (June 30, 2026), FMBH has gained +4.6% vs +8.0% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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