Vanguard Group Inc. Grows Stock Holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Vanguard Group Inc. grew its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 6.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,040,575 shares of the bank's stock after buying an additional 58,456 shares during the period. Vanguard Group Inc. owned 4.36% of First Mid Bancshares worth $27,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Lazard Asset Management LLC purchased a new position in First Mid Bancshares during the second quarter worth $29,000. Qube Research & Technologies Ltd acquired a new position in First Mid Bancshares in the 3rd quarter worth approximately $31,000. FMR LLC grew its stake in shares of First Mid Bancshares by 131.4% during the 1st quarter. FMR LLC now owns 1,259 shares of the bank's stock worth $34,000 after purchasing an additional 715 shares during the period. US Bancorp DE lifted its position in shares of First Mid Bancshares by 310.0% during the 2nd quarter. US Bancorp DE now owns 1,435 shares of the bank's stock valued at $35,000 after buying an additional 1,085 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in First Mid Bancshares by 91.7% in the 2nd quarter. Royal Bank of Canada now owns 1,999 shares of the bank's stock valued at $48,000 after purchasing an additional 956 shares in the last quarter. Institutional investors own 47.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FMBH. Raymond James raised their price objective on First Mid Bancshares from $34.00 to $38.00 and gave the stock an "outperform" rating in a research report on Monday, January 29th. Stephens lowered their target price on First Mid Bancshares from $40.00 to $38.00 and set an "overweight" rating on the stock in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, First Mid Bancshares presently has a consensus rating of "Moderate Buy" and an average target price of $36.50.

First Mid Bancshares Stock Up 0.4 %

NASDAQ FMBH traded up $0.13 during mid-day trading on Friday, reaching $29.64. 38,228 shares of the company's stock traded hands, compared to its average volume of 60,855. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $30.81 and a 200-day simple moving average of $30.84. First Mid Bancshares, Inc. has a 1-year low of $21.77 and a 1-year high of $35.83. The company has a market cap of $708.10 million, a price-to-earnings ratio of 9.35 and a beta of 0.87.

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

First Mid Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.10%. The ex-dividend date was Thursday, February 15th. First Mid Bancshares's payout ratio is currently 29.02%.

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.