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

PDT Partners LLC raised its position in First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 156.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,420 shares of the bank's stock after buying an additional 8,191 shares during the period. PDT Partners LLC owned about 0.06% of First Mid Bancshares worth $494,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Barclays PLC grew its position in shares of First Mid Bancshares by 327.6% in the third quarter. Barclays PLC now owns 34,347 shares of the bank's stock valued at $1,337,000 after purchasing an additional 26,315 shares during the period. Franklin Resources Inc. purchased a new position in First Mid Bancshares in the 3rd quarter valued at about $566,000. JPMorgan Chase & Co. boosted its holdings in First Mid Bancshares by 24.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 133,132 shares of the bank's stock worth $5,180,000 after buying an additional 25,855 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in First Mid Bancshares during the 4th quarter worth approximately $76,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of First Mid Bancshares by 20.2% during the fourth quarter. Bank of New York Mellon Corp now owns 120,471 shares of the bank's stock valued at $4,436,000 after acquiring an additional 20,266 shares during the last quarter. Institutional investors and hedge funds own 47.57% of the company's stock.

First Mid Bancshares Stock Up 3.0 %

Shares of FMBH opened at $34.44 on Friday. The company's 50-day moving average price is $34.37 and its 200 day moving average price is $37.44. First Mid Bancshares, Inc. has a 12-month low of $27.58 and a 12-month high of $43.86. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. The firm has a market cap of $825.94 million, a P/E ratio of 10.47 and a beta of 0.85.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The bank reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.02. The business 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, sell-side analysts forecast that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current year.

First Mid Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders 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 2.79%. The ex-dividend date of this dividend is Thursday, May 15th. First Mid Bancshares's dividend payout ratio (DPR) is 29.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Stephens restated an "equal weight" rating and issued a $43.00 price objective on shares of First Mid Bancshares in a report on Friday, January 24th. Hovde Group reduced their target price on shares of First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $45.00.

About First Mid Bancshares

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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