Deutsche Bank AG Buys 8,002 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Deutsche Bank AG boosted its position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 72.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,073 shares of the bank's stock after buying an additional 8,002 shares during the period. Deutsche Bank AG owned approximately 0.08% of First Mid Bancshares worth $702,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FMBH. New York State Teachers Retirement System bought a new position in First Mid Bancshares during the fourth quarter valued at approximately $76,000. Bank of New York Mellon Corp lifted its stake in shares of First Mid Bancshares by 20.2% in the 4th quarter. Bank of New York Mellon Corp now owns 120,471 shares of the bank's stock valued at $4,436,000 after purchasing an additional 20,266 shares during the last quarter. Fisher Asset Management LLC bought a new stake in shares of First Mid Bancshares in the 4th quarter valued at approximately $807,000. Charles Schwab Investment Management Inc. lifted its stake in shares of First Mid Bancshares by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 176,350 shares of the bank's stock valued at $6,493,000 after purchasing an additional 1,096 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of First Mid Bancshares by 10.5% in the 4th quarter. Victory Capital Management Inc. now owns 32,700 shares of the bank's stock valued at $1,204,000 after purchasing an additional 3,100 shares during the last quarter. 47.57% of the stock is owned by institutional investors.

First Mid Bancshares Stock Performance

FMBH remained flat at $35.51 during trading on Friday. The company's stock had a trading volume of 57,354 shares, compared to its average volume of 62,059. The stock has a 50-day moving average price of $34.35 and a 200 day moving average price of $36.86. The firm has a market capitalization of $851.85 million, a price-to-earnings ratio of 10.79 and a beta of 0.84. First Mid Bancshares, Inc. has a one year low of $27.58 and a one year high of $43.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The bank reported $0.96 EPS for the quarter, topping the consensus estimate of $0.94 by $0.02. The company had revenue of $85.21 million for the quarter, compared to the consensus estimate of $58.29 million. First Mid Bancshares had a return on equity of 10.10% and a net margin of 17.39%. As a group, equities analysts anticipate that First Mid Bancshares, Inc. will post 3.61 earnings per share 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. Shareholders of record on Thursday, May 15th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.96 annualized dividend and a yield of 2.70%. First Mid Bancshares's payout ratio is currently 28.57%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FMBH. Hovde Group lowered their price objective on First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Stephens reaffirmed a "positive" rating on shares of First Mid Bancshares in a research note on Friday, May 2nd. Finally, Raymond James reaffirmed an "outperform" rating and issued a $40.00 price objective (down from $43.00) on shares of First Mid Bancshares in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, First Mid Bancshares presently has an average rating of "Moderate Buy" and a consensus 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.