Wellington Management Group LLP Has $14.83 Million Stock Position in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Wellington Management Group LLP boosted its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 3.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 402,826 shares of the bank's stock after buying an additional 14,900 shares during the period. Wellington Management Group LLP owned approximately 1.68% of First Mid Bancshares worth $14,832,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in First Mid Bancshares by 19.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,605 shares of the bank's stock worth $832,000 after buying an additional 3,646 shares during the period. Visionary Wealth Advisors raised its holdings in First Mid Bancshares by 11.7% during the 4th quarter. Visionary Wealth Advisors now owns 28,131 shares of the bank's stock worth $1,036,000 after buying an additional 2,941 shares during the period. Two Sigma Advisers LP raised its holdings in First Mid Bancshares by 6.6% during the 4th quarter. Two Sigma Advisers LP now owns 8,100 shares of the bank's stock worth $298,000 after buying an additional 500 shares during the period. ProShare Advisors LLC acquired a new stake in First Mid Bancshares during the 4th quarter worth approximately $237,000. Finally, Nuveen Asset Management LLC raised its holdings in First Mid Bancshares by 7.6% during the 4th quarter. Nuveen Asset Management LLC now owns 54,480 shares of the bank's stock worth $2,006,000 after buying an additional 3,830 shares during the period. 47.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FMBH. Hovde Group dropped their target price on shares of First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Raymond James restated an "outperform" rating and set a $40.00 target price (down previously from $43.00) on shares of First Mid Bancshares in a report on Friday, May 2nd. Finally, Stephens reiterated a "positive" rating on shares of First Mid Bancshares in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, First Mid Bancshares has an average rating of "Moderate Buy" and an average target price of $43.83.

First Mid Bancshares Stock Down 0.6%

NASDAQ:FMBH traded down $0.23 on Thursday, hitting $35.36. 61,653 shares of the company's stock were exchanged, compared to its average volume of 62,486. The firm has a 50-day moving average price of $34.36 and a 200-day moving average price of $36.76. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. First Mid Bancshares, Inc. has a 52 week low of $27.58 and a 52 week high of $43.86. The company has a market cap of $848.25 million, a P/E ratio of 10.75 and a beta of 0.84.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The bank reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.02. The company had revenue of $85.21 million for the quarter, compared to analyst estimates 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, analysts expect that First Mid Bancshares, Inc. will post 3.61 EPS for the current fiscal year.

First Mid Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.96 annualized dividend and a dividend yield of 2.71%. First Mid Bancshares's dividend payout ratio is presently 28.57%.

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.