American Century Companies Inc. Has $4.84 Million Stock Holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH)

American Century Companies Inc. decreased its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 32.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,170 shares of the bank's stock after selling 86,566 shares during the quarter. American Century Companies Inc. owned 0.76% of First Mid Bancshares worth $4,838,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of FMBH. Lazard Asset Management LLC purchased a new stake in First Mid Bancshares in the 2nd quarter worth approximately $29,000. Qube Research & Technologies Ltd purchased a new position in First Mid Bancshares in the third quarter valued at about $31,000. FMR LLC grew its stake in First Mid Bancshares by 131.4% in the first quarter. FMR LLC now owns 1,259 shares of the bank's stock valued at $34,000 after purchasing an additional 715 shares in the last quarter. US Bancorp DE increased its position in First Mid Bancshares by 310.0% in the 2nd quarter. US Bancorp DE now owns 1,435 shares of the bank's stock worth $35,000 after purchasing an additional 1,085 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of First Mid Bancshares by 91.7% during the 2nd quarter. Royal Bank of Canada now owns 1,999 shares of the bank's stock worth $48,000 after purchasing an additional 956 shares in the last quarter. 47.57% of the stock is owned by institutional investors and hedge funds.

First Mid Bancshares Stock Performance

Shares of FMBH stock traded up $0.31 during trading on Thursday, reaching $32.68. The company had a trading volume of 86,368 shares, compared to its average volume of 57,265. The firm's 50 day simple moving average is $31.17 and its two-hundred day simple moving average is $30.48. First Mid Bancshares, Inc. has a one year low of $21.77 and a one year high of $35.83. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $780.73 million, a PE ratio of 10.15 and a beta of 0.86.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.11. First Mid Bancshares had a net margin of 17.82% and a return on equity of 10.71%. The company had revenue of $79.23 million for the quarter, compared to analyst estimates of $77.10 million. Sell-side analysts forecast that First Mid Bancshares, Inc. will post 3.28 earnings per share for the current year.

First Mid Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.82%. The ex-dividend date was Thursday, February 15th. First Mid Bancshares's dividend payout ratio is currently 29.02%.

Analysts Set New Price Targets

FMBH has been the subject of several recent research reports. Stephens lowered their price target on First Mid Bancshares from $40.00 to $38.00 and set an "overweight" rating for the company in a research note on Tuesday, January 30th. Raymond James increased their price target on shares of First Mid Bancshares from $34.00 to $38.00 and gave the stock an "outperform" rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.50.

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.