Vanguard Group Inc. Lowers Stock Holdings in First Mid Bancshares, Inc. $FMBH

Vanguard Group Inc. lowered its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,323,842 shares of the bank’s stock after selling 42,785 shares during the quarter. Vanguard Group Inc. owned about 5.52% of First Mid Bancshares worth $51,630,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Federated Hermes Inc. grew its holdings in shares of First Mid Bancshares by 17.4% during the third quarter. Federated Hermes Inc. now owns 2,007 shares of the bank’s stock worth $76,000 after buying an additional 297 shares during the last quarter. CWM LLC grew its holdings in shares of First Mid Bancshares by 5.8% during the fourth quarter. CWM LLC now owns 6,283 shares of the bank’s stock worth $245,000 after buying an additional 343 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of First Mid Bancshares by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,566 shares of the bank’s stock worth $473,000 after buying an additional 550 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of First Mid Bancshares by 8.8% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 8,008 shares of the bank’s stock worth $303,000 after buying an additional 648 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in First Mid Bancshares by 6.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,428 shares of the bank’s stock valued at $485,000 after purchasing an additional 806 shares in the last quarter. Hedge funds and other institutional investors own 47.57% of the company’s stock.

First Mid Bancshares Price Performance

FMBH stock opened at $41.79 on Friday. First Mid Bancshares, Inc. has a 1 year low of $33.67 and a 1 year high of $44.85. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.96 and a current ratio of 0.97. The stock’s 50 day moving average price is $41.86 and its 200 day moving average price is $40.82. The firm has a market cap of $1.11 billion, a P/E ratio of 10.53 and a beta of 0.79.

First Mid Bancshares (NASDAQ:FMBH) last posted its earnings results on Wednesday, April 29th. The bank reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. First Mid Bancshares had a return on equity of 10.44% and a net margin of 19.95%.The firm had revenue of $98.54 million for the quarter, compared to analyst estimates of $96.45 million. On average, sell-side analysts expect that First Mid Bancshares, Inc. will post 4.58 earnings per share for the current fiscal year.

First Mid Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a $0.25 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.00 annualized dividend and a yield of 2.4%. First Mid Bancshares’s payout ratio is 25.19%.

Wall Street Analyst Weigh In

FMBH has been the topic of a number of analyst reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $48.00 price objective on shares of First Mid Bancshares in a report on Friday, May 1st. Keefe, Bruyette & Woods lifted their price objective on First Mid Bancshares from $46.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, May 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $55.00 price objective (up from $52.00) on shares of First Mid Bancshares in a report on Friday, May 1st. DA Davidson lifted their price objective on First Mid Bancshares from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of First Mid Bancshares in a research note on Friday, May 1st. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, First Mid Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $49.50.

First Mid Bancshares Company Profile

First Mid Bancshares, Inc (NASDAQ: FMBH), headquartered in Mattoon, Illinois, is a financial services holding company that offers a comprehensive suite of banking products and services through its main subsidiary, First Mid Bank & Trust. The company’s primary business activities include commercial and retail banking, mortgage origination and servicing, wealth management and trust administration, as well as treasury and cash management solutions.

Through its branch network, First Mid provides consumer deposit products such as checking and savings accounts, certificates of deposit and online banking services.