Ballentine Partners LLC Invests $253,000 in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Ballentine Partners LLC acquired a new position in First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,246 shares of the bank's stock, valued at approximately $253,000.

Several other large investors have also recently modified their holdings of the stock. Sterling Capital Management LLC grew its position in First Mid Bancshares by 804.9% in the 4th quarter. Sterling Capital Management LLC now owns 733 shares of the bank's stock valued at $27,000 after acquiring an additional 652 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of First Mid Bancshares by 1,226.4% in the 4th quarter. Federated Hermes Inc. now owns 955 shares of the bank's stock worth $35,000 after buying an additional 883 shares during the period. Aquatic Capital Management LLC purchased a new stake in shares of First Mid Bancshares in the 4th quarter worth $65,000. Tower Research Capital LLC TRC lifted its holdings in shares of First Mid Bancshares by 16.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,959 shares of the bank's stock worth $72,000 after buying an additional 276 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of First Mid Bancshares in the 4th quarter worth $155,000. Institutional investors own 47.57% of the company's stock.

First Mid Bancshares Price Performance

Shares of NASDAQ FMBH traded down $0.20 during midday trading on Friday, hitting $38.88. The stock had a trading volume of 56,158 shares, compared to its average volume of 63,755. The company has a market capitalization of $932.73 million, a PE ratio of 11.57 and a beta of 0.87. The stock has a 50 day simple moving average of $37.02 and a 200-day simple moving average of $36.17. First Mid Bancshares, Inc. has a 1 year low of $27.58 and a 1 year high of $43.86. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.25.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The bank reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.02. First Mid Bancshares had a return on equity of 9.90% and a net margin of 17.75%. The firm had revenue of $85.21 million for the quarter, compared to the consensus estimate of $58.29 million. On average, sell-side 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, May 30th. Investors of record on Thursday, May 15th were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.96 annualized dividend and a dividend yield of 2.47%. First Mid Bancshares's dividend payout ratio is presently 28.57%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FMBH shares. Raymond James Financial restated an "outperform" rating and set a $40.00 price objective (down from $43.00) on shares of First Mid Bancshares in a research note on Friday, May 2nd. Wall Street Zen cut First Mid Bancshares from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Finally, Stephens restated a "positive" rating on shares of First Mid Bancshares in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $43.83.

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.