Deutsche Bank AG Has $702,000 Holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Deutsche Bank AG boosted its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 72.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,073 shares of the bank's stock after buying an additional 8,002 shares during the period. Deutsche Bank AG owned about 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 made changes to their positions in the business. Bank of America Corp DE raised its position in 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 purchasing an additional 6,120 shares in the last quarter. PDT Partners LLC raised its holdings in shares of First Mid Bancshares by 156.6% in the 4th quarter. PDT Partners LLC now owns 13,420 shares of the bank's stock worth $494,000 after buying an additional 8,191 shares in the last quarter. Northern Trust Corp lifted its position in shares of First Mid Bancshares by 5.2% during the 4th 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 bought a new position in shares of First Mid Bancshares during the 4th quarter worth approximately $1,518,000. Finally, Aquatic Capital Management LLC acquired a new stake in First Mid Bancshares in the 4th quarter valued at $65,000. 47.57% of the stock is owned by institutional investors.

First Mid Bancshares Price Performance

Shares of FMBH remained flat at $35.51 during trading hours on Friday. 57,354 shares of the company were exchanged, compared to its average volume of 61,929. The company has a market cap of $851.85 million, a P/E ratio of 10.79 and a beta of 0.84. First Mid Bancshares, Inc. has a 1-year low of $27.58 and a 1-year high of $43.86. 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 company's 50 day moving average is $34.35 and its 200-day moving average is $36.98.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last issued 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 company 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%. As a group, equities analysts expect that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current year.

First Mid Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend 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 recent analyst reports. Raymond James reiterated 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. Stephens reiterated a "positive" rating on shares of First Mid Bancshares in a research report on Friday, May 2nd. Finally, Hovde Group reduced their price target on shares of First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, First Mid Bancshares has a consensus rating of "Moderate Buy" and a consensus 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.