Deutsche Bank AG Makes New Investment in First Mid Bancshares, Inc. $FMBH

Deutsche Bank AG purchased a new position in First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 174,520 shares of the bank's stock, valued at approximately $6,038,000. Deutsche Bank AG owned about 0.66% of First Mid Bancshares as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of First Mid Bancshares by 3.4% during the third quarter. Vanguard Group Inc. now owns 1,366,627 shares of the bank's stock valued at $51,768,000 after acquiring an additional 44,319 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of First Mid Bancshares in the 2nd quarter worth about $39,888,000. Dimensional Fund Advisors LP lifted its position in First Mid Bancshares by 5.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,101,095 shares of the bank's stock valued at $45,354,000 after purchasing an additional 56,997 shares during the last quarter. Geode Capital Management LLC boosted its stake in First Mid Bancshares by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 546,389 shares of the bank's stock valued at $21,313,000 after purchasing an additional 12,484 shares during the period. Finally, State Street Corp grew its position in First Mid Bancshares by 0.9% in the 4th quarter. State Street Corp now owns 530,875 shares of the bank's stock worth $20,704,000 after purchasing an additional 4,808 shares during the last quarter. 47.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FMBH has been the topic of a number of research analyst reports. Piper Sandler raised their price target on First Mid Bancshares from $55.00 to $62.50 and gave the company an "overweight" rating in a report on Tuesday, July 28th. DA Davidson raised their target price on shares of First Mid Bancshares from $47.00 to $54.00 and gave the company a "neutral" rating in a research note on Monday, July 27th. Raymond James Financial reaffirmed an "outperform" rating and issued a $48.00 price target on shares of First Mid Bancshares in a research note on Friday, May 1st. Weiss Ratings reissued a "buy (b)" rating on shares of First Mid Bancshares in a report on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods increased their price target on First Mid Bancshares from $50.00 to $54.00 and gave the company a "market perform" rating in a research note on Monday, July 27th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $54.62.

First Mid Bancshares Stock Up 0.3%

Shares of NASDAQ:FMBH opened at $50.45 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $1.34 billion, a PE ratio of 12.52 and a beta of 0.78. First Mid Bancshares, Inc. has a 52 week low of $34.15 and a 52 week high of $53.36. The firm has a 50 day simple moving average of $49.57 and a 200 day simple moving average of $45.11.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $1.26 EPS for the quarter, topping the consensus estimate of $1.05 by $0.21. The business had revenue of $109.32 million during the quarter, compared to analysts' expectations of $107.42 million. First Mid Bancshares had a net margin of 19.76% and a return on equity of 10.86%. As a group, research analysts expect that First Mid Bancshares, Inc. will post 4.69 earnings per share for the current year.

First Mid Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a $0.26 dividend. This is a boost from First Mid Bancshares's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.04 dividend on an annualized basis and a yield of 2.1%. First Mid Bancshares's payout ratio is currently 25.81%.

First Mid Bancshares 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.

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