First Mid Bancshares, Inc. (NASDAQ:FMBH) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 891,154 shares of the bank's stock after acquiring an additional 54,285 shares during the period. Dimensional Fund Advisors LP owned about 3.73% of First Mid Bancshares worth $32,813,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC grew its stake in shares of 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 purchasing an additional 652 shares during the period. Federated Hermes Inc. increased its holdings in First Mid Bancshares by 1,226.4% in the fourth quarter. Federated Hermes Inc. now owns 955 shares of the bank's stock valued at $35,000 after buying an additional 883 shares in the last quarter. New York State Teachers Retirement System purchased a new position in First Mid Bancshares in the fourth quarter valued at $76,000. KLP Kapitalforvaltning AS acquired a new position in shares of First Mid Bancshares in the fourth quarter worth about $155,000. Finally, Intech Investment Management LLC purchased a new stake in shares of First Mid Bancshares during the 4th quarter worth about $344,000. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

First Mid Bancshares Stock Up 0.1 %

Shares of FMBH opened at $35.94 on Tuesday. The stock has a 50 day moving average price of $34.30 and a 200 day moving average price of $37.35. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $861.91 million, a price-to-earnings ratio of 10.92 and a beta of 0.84. First Mid Bancshares, Inc. has a one year low of $27.58 and a one year high of $43.86.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last issued its earnings results on Wednesday, April 30th. The bank reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.02. The business had revenue of $85.21 million during the quarter, compared to analysts' expectations of $58.29 million. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. Equities research analysts forecast that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current fiscal year.

First Mid Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, May 15th. First Mid Bancshares's dividend payout ratio is currently 28.57%.

Analysts Set New Price Targets

FMBH has been the subject of a number of analyst reports. Stephens reduced their price target on First Mid Bancshares from $43.00 to $41.00 and set an "equal weight" rating for the company in a report on Friday. Hovde Group decreased their target price on First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Finally, Raymond James reissued an "outperform" rating and issued a $40.00 price target (down previously from $43.00) on shares of First Mid Bancshares in a report on Friday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.

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