Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Mid Bancshares Inc (FMBH)

162 + 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
↑ +9
Streak
8Q ▲
Buyers last Q
57%

Smart Money Signals — FMBH

Based on 164 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 8 quarters in a row

last 6Q
For 8 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
164 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 — +12% more funds vs a year ago

fund count last 6Q
+18 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 57% buying

81 buying60 selling
Last quarter: 81 funds bought or added vs 60 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 — ~23 new funds per quarter

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

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 21% medium ■ 24% new
90 out of 164 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

22 → 18 → 16 → 20 → 23 new funds/Q
New funds entering each quarter: 18 → 16 → 20 → 23. A growing number of institutions are discovering FMBH each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 61% veterans vs 27% newcomers

■ 61% veterans ■ 12% 1-2yr ■ 27% new
Entry-cohort mix of 164 holders: 100 (61%) are 2+ year veterans, 19 entered 1–2 years ago, and 45 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 38% AUM from major funds

38% from top-100 AUM funds
44 of 164 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 Q1, 81 hedge funds were net buyers of FMBH (23 opened a new position, 58 added to an existing one), while 60 reduced or exited (46 trimmed, 14 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This marks 8 consecutive quarters of net institutional buying — a persistent conviction signal. 38% of total institutional value in FMBH is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +9 funds (more new holders than closures). Total institutional holders: 164.

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 Q1 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 March 31, 2026 · 78d ago
FMBH
+11.7%
XLF
+1220.3%

FMBH outperformed XLF by -1208.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
FMBH
+10.1%
XLF
+4.8%

Since the filing became public, FMBH outperformed XLF by +5.3% .

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.

20 top-rated funds 0 high-conviction
Consensus
5.7
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: FMBH
162 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 162 155 4.52%
13F Shares 14M 12M 16.65%
Total Value $540M $454M 18.98%
New Positions 22 20 +2
Increased Positions 58 71 -13
Closed Positions 15 13 +2
Reduced Positions 45 39 +6
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FMBH

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Institutional Holders (2026 Q1)

162 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Rhino Investment Partners, Inc 1.81% 157,581 $6.5M
2 Endeavour Capital Advisors Inc 1.73% 185,478 $7.6M
3 Siena Capital Partners GP, LLC 1.37% 128,404 $5.3M
4 Ballentine Partners, LLC 0.96% 1,672,486 $68.9M
5 Maltese Capital Management LLC 0.83% 102,500 $4.2M
6 Armstrong, Fleming & Moore, Inc 0.44% 24,930 $1.0M
7 Cozad Asset Management Inc 0.33% 102,470 $4.2M
8 Clear Point Advisors Inc. 0.31% 4,437 $402K
9 Duncker Streett & Co Inc 0.18% 23,211 $956K
10 Globeflex Capital L P 0.15% 23,714 $977K
11 CarsonAllaria Wealth Management, Ltd. 0.13% 6,489 $267K
12 Bridgeway Capital Management, LLC 0.13% 157,699 $6.5M
13 Western Wealth Management, LLC 0.13% 84,964 $3.5M
14 HoldCo Asset Management, LP 0.10% 33,284 $1.4M
15 Deprince Race & Zollo Inc 0.09% 118,667 $4.9M
16 Gendell Jeffrey L 0.08% 137,473 $5.7M
17 Visionary Wealth Advisors 0.05% 28,131 $1.2M
18 Wedge Capital Management L L P/Nc 0.04% 55,030 $2.3M
19 Estate Counselors, LLC 0.04% 11,385 $469K
20 PL Capital Advisors, LLC 0.04% 3,344 $138K
21 Abacus Wealth Partners, LLC 0.03% 8,899 $367K
22 City State Bank 0.03% 3,062 $126K
23 Martingale Asset Management L P 0.03% 27,617 $1.1M
24 Empowered Funds, LLC 0.03% 106,199 $4.4M
25 Hotchkis & Wiley Capital Management LLC 0.02% 162,264 $6.7M
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 — 8 quarters in a row: For 8 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 — 57% buying: Last quarter: 81 funds bought or added vs 60 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?

Strong quality — 38% AUM from major funds: 44 of 164 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held FMBH?

55% of holders stayed for 2+ years: 90 out of 164 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 Q1 hedge fund 13F filings?

As of today, FMBH has moved +10.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of +5.3%. Since the quarter end (March 31, 2026), FMBH has gained +11.7% vs +1220.3% 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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