First Mid Bancshares, Inc. (NASDAQ:FMBH) Shares Acquired by PDT Partners LLC

PDT Partners LLC boosted its holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 156.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,420 shares of the bank's stock after purchasing an additional 8,191 shares during the quarter. PDT Partners LLC owned approximately 0.06% of First Mid Bancshares worth $494,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its position in First Mid Bancshares by 16.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,959 shares of the bank's stock valued at $72,000 after acquiring an additional 276 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of First Mid Bancshares by 804.9% during the fourth 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 last quarter. MetLife Investment Management LLC grew its holdings in shares of First Mid Bancshares by 6.0% in the fourth quarter. MetLife Investment Management LLC now owns 13,737 shares of the bank's stock worth $506,000 after purchasing an additional 776 shares during the last quarter. Federated Hermes Inc. increased its stake in First Mid Bancshares by 1,226.4% in the 4th quarter. Federated Hermes Inc. now owns 955 shares of the bank's stock worth $35,000 after buying an additional 883 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of First Mid Bancshares by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 176,350 shares of the bank's stock worth $6,493,000 after acquiring an additional 1,096 shares during the period. Institutional investors own 47.57% of the company's stock.

Wall Street Analysts Forecast Growth

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

First Mid Bancshares Stock Up 0.4 %

NASDAQ:FMBH traded up $0.16 during mid-day trading on Wednesday, hitting $36.10. 4,504 shares of the company's stock traded hands, compared to its average volume of 61,117. 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 company has a market capitalization of $865.63 million, a P/E ratio of 10.97 and a beta of 0.84. The company has a fifty day moving average of $34.26 and a 200 day moving average of $37.34. First Mid Bancshares, Inc. has a twelve month low of $27.58 and a twelve month high of $43.86.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last released its earnings results 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 the consensus estimate of $58.29 million. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. On average, analysts forecast that First Mid Bancshares, Inc. will post 3.61 EPS for the current year.

First Mid Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be given a $0.24 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.96 dividend on an annualized basis and a yield of 2.66%. First Mid Bancshares's dividend payout ratio is currently 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.