Dimensional Fund Advisors LP Buys 56,997 Shares of First Mid Bancshares, Inc. $FMBH

Dimensional Fund Advisors LP grew its stake in First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 5.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,101,095 shares of the bank's stock after acquiring an additional 56,997 shares during the quarter. Dimensional Fund Advisors LP owned about 4.14% of First Mid Bancshares worth $45,354,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of First Mid Bancshares by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,366,627 shares of the bank's stock worth $51,768,000 after purchasing an additional 44,319 shares during the last quarter. Geode Capital Management LLC grew its stake in First Mid Bancshares by 2.3% in the fourth 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 last quarter. State Street Corp raised its holdings in First Mid Bancshares by 0.9% in the fourth 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 in the last quarter. GW&K Investment Management LLC raised its holdings in First Mid Bancshares by 7.3% in the fourth quarter. GW&K Investment Management LLC now owns 474,651 shares of the bank's stock worth $18,511,000 after purchasing an additional 32,301 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of First Mid Bancshares by 12.2% during the fourth quarter. Wellington Management Group LLP now owns 441,366 shares of the bank's stock valued at $17,213,000 after buying an additional 48,013 shares during the last quarter. 47.57% of the stock is owned by institutional investors.

First Mid Bancshares Stock Performance

Shares of First Mid Bancshares stock opened at $52.09 on Monday. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 12.93 and a beta of 0.78. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. The firm's 50 day simple moving average is $47.41 and its two-hundred day simple moving average is $44.04. First Mid Bancshares, Inc. has a 12-month low of $34.15 and a 12-month high of $53.36.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.21. First Mid Bancshares had a return on equity of 11.17% and a net margin of 19.76%.The business had revenue of $109.32 million for the quarter, compared to analyst estimates of $107.42 million. Analysts predict that First Mid Bancshares, Inc. will post 4.69 EPS for the current year.

First Mid Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, August 18th. This is a positive change from First Mid Bancshares's previous quarterly dividend of $0.25. First Mid Bancshares's dividend payout ratio (DPR) is presently 24.81%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FMBH shares. Raymond James Financial restated an "outperform" rating and issued a $48.00 price target on shares of First Mid Bancshares in a report on Friday, May 1st. Weiss Ratings reiterated a "buy (b)" rating on shares of First Mid Bancshares in a research note on Wednesday. Piper Sandler increased their target price on shares of First Mid Bancshares from $55.00 to $62.50 and gave the company an "overweight" rating in a research 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. Finally, Keefe, Bruyette & Woods upped their price target on First Mid Bancshares from $50.00 to $54.00 and gave the stock a "market perform" rating in a research report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $54.62.

First Mid Bancshares Company 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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