Deprince Race & Zollo Inc. Sells 8,934 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Deprince Race & Zollo Inc. decreased its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,799 shares of the bank's stock after selling 8,934 shares during the period. Deprince Race & Zollo Inc. owned approximately 0.48% of First Mid Bancshares worth $4,227,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of First Mid Bancshares by 28.6% in the fourth quarter. Bank of America Corp DE now owns 27,531 shares of the bank's stock worth $1,014,000 after buying an additional 6,120 shares during the period. PDT Partners LLC boosted its holdings in shares of First Mid Bancshares by 156.6% in the fourth quarter. PDT Partners LLC now owns 13,420 shares of the bank's stock worth $494,000 after buying an additional 8,191 shares during the period. Northern Trust Corp boosted its holdings in shares of First Mid Bancshares by 5.2% in the fourth quarter. Northern Trust Corp now owns 221,975 shares of the bank's stock worth $8,173,000 after buying an additional 10,925 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of First Mid Bancshares in the fourth quarter worth about $1,518,000. Finally, Aquatic Capital Management LLC acquired a new position in shares of First Mid Bancshares in the fourth quarter worth about $65,000. Institutional investors own 47.57% of the company's stock.

First Mid Bancshares Stock Up 2.6%

NASDAQ FMBH traded up $0.94 during trading on Monday, reaching $37.33. The company's stock had a trading volume of 53,595 shares, compared to its average volume of 61,324. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $895.25 million, a PE ratio of 11.35 and a beta of 0.84. The business has a 50-day moving average price of $34.18 and a 200-day moving average price of $37.27. First Mid Bancshares, Inc. has a 1-year low of $27.58 and a 1-year high of $43.86.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The bank reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.02. The business had revenue of $85.21 million during the quarter, compared to the consensus estimate of $58.29 million. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. On average, research analysts forecast that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current fiscal year.

First Mid Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Thursday, May 15th. First Mid Bancshares's dividend payout ratio is currently 28.57%.

Analyst Upgrades and Downgrades

FMBH has been the subject of several research reports. Hovde Group decreased their price target on shares of First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Raymond James restated an "outperform" rating and set a $40.00 price target (down from $43.00) on shares of First Mid Bancshares in a report on Friday, May 2nd. Finally, Stephens reiterated a "positive" rating on shares of First Mid Bancshares in a research note on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.83.

About First Mid Bancshares

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.