Wellington Management Group LLP Has $14.83 Million Stake in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Wellington Management Group LLP increased its position in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 402,826 shares of the bank’s stock after purchasing an additional 14,900 shares during the quarter. Wellington Management Group LLP’s holdings in First Mid Bancshares were worth $14,832,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of First Mid Bancshares by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 176,350 shares of the bank’s stock worth $6,493,000 after acquiring an additional 1,096 shares during the period. BNP Paribas Financial Markets lifted its stake in First Mid Bancshares by 33.6% during the third quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank’s stock worth $233,000 after purchasing an additional 1,510 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in First Mid Bancshares by 12.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,959 shares of the bank’s stock valued at $738,000 after purchasing an additional 2,028 shares in the last quarter. New York State Teachers Retirement System bought a new stake in shares of First Mid Bancshares in the 4th quarter valued at approximately $76,000. Finally, Prudential Financial Inc. raised its holdings in shares of First Mid Bancshares by 27.6% in the 4th quarter. Prudential Financial Inc. now owns 10,172 shares of the bank’s stock worth $375,000 after buying an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.

Analysts Set New Price Targets

FMBH has been the topic of a number of analyst reports. Stephens reiterated an “equal weight” rating and issued a $43.00 price target on shares of First Mid Bancshares in a research report on Friday, January 24th. Hovde Group dropped their target price on shares of First Mid Bancshares from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, First Mid Bancshares presently has an average rating of “Hold” and a consensus price target of $45.00.

First Mid Bancshares Trading Down 0.2 %

FMBH stock opened at $31.00 on Wednesday. The business has a fifty day moving average price of $36.39 and a 200 day moving average price of $38.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. First Mid Bancshares, Inc. has a fifty-two week low of $27.58 and a fifty-two week high of $43.86. The stock has a market capitalization of $743.44 million, a price-to-earnings ratio of 9.42 and a beta of 0.85.

First Mid Bancshares (NASDAQ:FMBH) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. First Mid Bancshares had a return on equity of 10.10% and a net margin of 17.39%. Analysts expect that First Mid Bancshares, Inc. will post 3.61 EPS for the current fiscal year.

First Mid Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.10%. The ex-dividend date was Thursday, February 13th. First Mid Bancshares’s dividend payout ratio is 29.18%.

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.