Teacher Retirement System of Texas Decreases Position in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Teacher Retirement System of Texas trimmed its position in First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 26.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 23,465 shares of the bank's stock after selling 8,433 shares during the period. Teacher Retirement System of Texas owned about 0.10% of First Mid Bancshares worth $819,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FMBH. Bank of New York Mellon Corp grew its position in 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 worth $4,436,000 after purchasing an additional 20,266 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of First Mid Bancshares by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 176,350 shares of the bank's stock valued at $6,493,000 after acquiring an additional 1,096 shares during the period. Victory Capital Management Inc. grew its position in shares of First Mid Bancshares by 10.5% during the 4th quarter. Victory Capital Management Inc. now owns 32,700 shares of the bank's stock valued at $1,204,000 after acquiring an additional 3,100 shares during the period. Raymond James Financial Inc. bought a new position in First Mid Bancshares in the 4th quarter worth approximately $488,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in First Mid Bancshares by 29.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,895 shares of the bank's stock worth $1,064,000 after buying an additional 6,564 shares during the period. 47.57% of the stock is owned by institutional investors.

First Mid Bancshares Price Performance

NASDAQ FMBH traded up $0.07 on Friday, hitting $39.15. The stock had a trading volume of 25,788 shares, compared to its average volume of 63,664. First Mid Bancshares, Inc. has a 52-week low of $27.58 and a 52-week high of $43.86. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $939.21 million, a price-to-earnings ratio of 11.64 and a beta of 0.87. The firm has a 50-day moving average of $36.97 and a 200-day moving average of $36.16.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last posted its earnings results 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 business had revenue of $85.21 million for the quarter, compared to analysts' expectations of $58.29 million. First Mid Bancshares had a net margin of 17.75% and a return on equity of 9.90%. Equities analysts expect that First Mid Bancshares, Inc. will post 3.61 EPS for the current year.

First Mid Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Thursday, May 15th. First Mid Bancshares's dividend payout ratio (DPR) is currently 28.57%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FMBH shares. Wall Street Zen downgraded shares of First Mid Bancshares from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Stephens reaffirmed a "positive" rating on shares of First Mid Bancshares in a report on Friday, May 2nd. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $40.00 price objective (down from $43.00) on shares of First Mid Bancshares in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $43.83.

First Mid Bancshares 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.