GW&K Investment Management LLC Has $16.06 Million Stock Position in First Mid Bancshares, Inc. (NASDAQ:FMBH)

GW&K Investment Management LLC raised its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 2.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 460,197 shares of the bank's stock after acquiring an additional 9,695 shares during the period. GW&K Investment Management LLC owned approximately 1.92% of First Mid Bancshares worth $16,061,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Sterling Capital Management LLC boosted its stake in First Mid Bancshares by 804.9% during the 4th quarter. Sterling Capital Management LLC now owns 733 shares of the bank's stock worth $27,000 after acquiring an additional 652 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of First Mid Bancshares by 1,226.4% during the fourth quarter. Federated Hermes Inc. now owns 955 shares of the bank's stock worth $35,000 after purchasing an additional 883 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in shares of First Mid Bancshares in the 4th quarter valued at $65,000. Tower Research Capital LLC TRC increased its position 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 valued at $72,000 after buying an additional 276 shares in the last quarter. Finally, CWM LLC increased its position in shares of First Mid Bancshares by 174.5% in the 1st quarter. CWM LLC now owns 3,791 shares of the bank's stock valued at $132,000 after buying an additional 2,410 shares in the last quarter. Institutional investors and hedge funds own 47.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FMBH shares. Stephens reiterated a "positive" rating on shares of First Mid Bancshares in a report on Friday, May 2nd. Raymond James Financial reiterated an "outperform" rating and set a $40.00 price objective (down previously from $43.00) on shares of First Mid Bancshares in a report on Friday, May 2nd. Wall Street Zen upgraded First Mid Bancshares from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, DA Davidson increased their target price on First Mid Bancshares from $39.00 to $42.00 and gave the stock a "neutral" rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, First Mid Bancshares currently has an average rating of "Moderate Buy" and an average price target of $43.00.

First Mid Bancshares Stock Down 0.4%

FMBH stock traded down $0.14 during trading hours on Friday, reaching $38.78. 57,066 shares of the stock were exchanged, compared to its average volume of 76,927. The firm's 50-day moving average is $37.19 and its 200-day moving average is $36.28. First Mid Bancshares, Inc. has a 12 month low of $27.58 and a 12 month high of $43.86. The company has a market cap of $930.33 million, a price-to-earnings ratio of 11.02 and a beta of 0.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.94.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The bank reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.08. First Mid Bancshares had a return on equity of 10.19% and a net margin of 18.32%. The company had revenue of $88.23 million during the quarter, compared to analysts' expectations of $64.42 million. On average, equities research analysts expect that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current year.

First Mid Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.25 per share. This is a boost from First Mid Bancshares's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Friday, August 15th. First Mid Bancshares's dividend payout ratio (DPR) is currently 28.57%.

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.