American Century Companies Inc. Has $4.84 Million Stock Holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH)

American Century Companies Inc. decreased its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 32.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 182,170 shares of the bank’s stock after selling 86,566 shares during the period. American Century Companies Inc. owned 0.76% of First Mid Bancshares worth $4,838,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Qube Research & Technologies Ltd bought a new stake in shares of First Mid Bancshares during the 3rd quarter worth about $31,000. Lazard Asset Management LLC bought a new stake in shares of First Mid Bancshares during the 2nd quarter worth about $29,000. FMR LLC boosted its holdings in shares of First Mid Bancshares by 131.4% during the 1st quarter. FMR LLC now owns 1,259 shares of the bank’s stock worth $34,000 after buying an additional 715 shares during the period. US Bancorp DE boosted its holdings in shares of First Mid Bancshares by 310.0% during the 2nd quarter. US Bancorp DE now owns 1,435 shares of the bank’s stock worth $35,000 after buying an additional 1,085 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of First Mid Bancshares by 91.7% during the 2nd quarter. Royal Bank of Canada now owns 1,999 shares of the bank’s stock worth $48,000 after buying an additional 956 shares during the period. Institutional investors own 47.57% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on FMBH. Stephens reduced their target price on shares of First Mid Bancshares from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Tuesday, January 30th. Raymond James boosted their price objective on shares of First Mid Bancshares from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, January 29th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.50.

First Mid Bancshares Stock Performance

NASDAQ FMBH opened at $32.37 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $773.32 million, a P/E ratio of 10.21 and a beta of 0.86. First Mid Bancshares, Inc. has a 12-month low of $21.77 and a 12-month high of $35.83. The firm has a 50-day moving average price of $31.17 and a two-hundred day moving average price of $30.48.

First Mid Bancshares (NASDAQ:FMBH) last issued its earnings results on Thursday, January 25th. The bank reported $0.94 EPS for the quarter, beating the consensus estimate of $0.83 by $0.11. The company had revenue of $79.23 million during the quarter, compared to analysts’ expectations of $77.10 million. First Mid Bancshares had a net margin of 17.82% and a return on equity of 10.71%. Analysts anticipate that First Mid Bancshares, Inc. will post 3.28 earnings per share for the current year.

First Mid Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend was Thursday, February 15th. First Mid Bancshares’s payout ratio is presently 29.02%.

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.