Dimensional Fund Advisors LP Acquires 54,285 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Dimensional Fund Advisors LP increased its holdings 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 filing with the Securities and Exchange Commission (SEC). The firm owned 891,154 shares of the bank's stock after buying an additional 54,285 shares during the period. Dimensional Fund Advisors LP owned about 3.73% of First Mid Bancshares worth $32,813,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in First Mid Bancshares by 51.8% in the fourth quarter. JPMorgan Chase & Co. now owns 202,039 shares of the bank's stock valued at $7,439,000 after purchasing an additional 68,907 shares during the period. American Century Companies Inc. grew its position in shares of First Mid Bancshares by 11.3% in the 4th quarter. American Century Companies Inc. now owns 451,057 shares of the bank's stock valued at $16,608,000 after buying an additional 45,788 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of First Mid Bancshares by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 1,309,240 shares of the bank's stock valued at $48,206,000 after buying an additional 31,231 shares during the period. Martingale Asset Management L P raised its position in shares of First Mid Bancshares by 313.7% during the fourth quarter. Martingale Asset Management L P now owns 40,615 shares of the bank's stock worth $1,495,000 after acquiring an additional 30,797 shares during the last quarter. Finally, Barclays PLC raised its position in shares of First Mid Bancshares by 327.6% during the third quarter. Barclays PLC now owns 34,347 shares of the bank's stock worth $1,337,000 after acquiring an additional 26,315 shares during the last quarter. 47.57% of the stock is owned by institutional investors.

First Mid Bancshares Trading Down 0.6%

Shares of First Mid Bancshares stock traded down $0.22 on Friday, reaching $36.39. 36,629 shares of the company's stock were exchanged, compared to its average volume of 61,355. The company has a market capitalization of $872.70 million, a P/E ratio of 11.06 and a beta of 0.84. 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 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The firm's 50-day moving average is $34.18 and its two-hundred day moving average is $37.27.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last issued 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. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. The business had revenue of $85.21 million for the quarter, compared to analyst estimates of $58.29 million. Sell-side analysts predict that First Mid Bancshares, Inc. will post 3.61 EPS for the current fiscal year.

First Mid Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, May 15th. First Mid Bancshares's dividend payout ratio (DPR) is currently 28.57%.

Analyst Upgrades and Downgrades

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