Legal & General Group Plc Sells 8,070 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Legal & General Group Plc cut its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 29.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,384 shares of the bank's stock after selling 8,070 shares during the quarter. Legal & General Group Plc owned approximately 0.08% of First Mid Bancshares worth $714,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new stake in shares of First Mid Bancshares in the third quarter valued at about $566,000. Barclays PLC increased its position in shares of First Mid Bancshares by 327.6% during the 3rd quarter. Barclays PLC now owns 34,347 shares of the bank's stock worth $1,337,000 after purchasing an additional 26,315 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of First Mid Bancshares by 27.6% during the 4th quarter. Prudential Financial Inc. now owns 10,172 shares of the bank's stock worth $375,000 after purchasing an additional 2,200 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of First Mid Bancshares in the 4th quarter valued at approximately $344,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of First Mid Bancshares by 24.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 133,132 shares of the bank's stock valued at $5,180,000 after buying an additional 25,855 shares during the last quarter. 47.57% of the stock is owned by institutional investors.

First Mid Bancshares Stock Performance

Shares of FMBH traded up $1.47 during trading hours on Friday, hitting $35.91. The company had a trading volume of 59,335 shares, compared to its average volume of 61,235. The business has a fifty day moving average of $34.33 and a 200-day moving average of $37.39. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41. The firm has a market cap of $861.19 million, a price-to-earnings ratio of 10.91 and a beta of 0.84. First Mid Bancshares, Inc. has a 12 month low of $27.58 and a 12 month high of $43.86.

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 for the quarter, beating 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 firm had revenue of $85.21 million for the quarter, compared to analysts' expectations of $58.29 million. Equities analysts anticipate 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 $0.24 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.96 annualized dividend and a yield of 2.67%. First Mid Bancshares's dividend payout ratio (DPR) is presently 28.57%.

Wall Street Analysts Forecast Growth

FMBH has been the topic of a number of recent analyst reports. Raymond James restated an "outperform" rating and set a $40.00 target price (down from $43.00) on shares of First Mid Bancshares in a report on Friday. Hovde Group lowered their price objective on shares of First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. Finally, Stephens cut their target price on shares of First Mid Bancshares from $43.00 to $41.00 and set an "equal weight" rating for the company in a research note on Friday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, First Mid Bancshares 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.