Raymond James Financial Inc. Purchases New Position in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Raymond James Financial Inc. acquired a new stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,251 shares of the bank's stock, valued at approximately $488,000. Raymond James Financial Inc. owned approximately 0.06% of First Mid Bancshares at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Franklin Resources Inc. bought a new stake in First Mid Bancshares during the third quarter worth approximately $566,000. Barclays PLC lifted 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 valued at $1,337,000 after acquiring an additional 26,315 shares during the last quarter. Prudential Financial Inc. boosted 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 acquiring an additional 2,200 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of First Mid Bancshares in the 4th quarter worth $344,000. Finally, JPMorgan Chase & Co. raised its position in shares of First Mid Bancshares by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 133,132 shares of the bank's stock worth $5,180,000 after purchasing an additional 25,855 shares during the period. Institutional investors own 47.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Raymond James reiterated an "outperform" rating and issued a $40.00 price target (down previously from $43.00) on shares of First Mid Bancshares in a research report on Friday, May 2nd. Hovde Group reduced their price objective on shares of First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Finally, Stephens restated a "positive" rating on shares of First Mid Bancshares in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $43.83.

First Mid Bancshares Stock Down 0.1%

NASDAQ:FMBH traded down $0.05 on Wednesday, hitting $37.28. 7,980 shares of the company's stock traded hands, compared to its average volume of 61,352. The firm has a 50-day moving average price of $34.20 and a 200-day moving average price of $37.27. 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 company has a market cap of $893.93 million, a PE ratio of 11.33 and a beta of 0.84. First Mid Bancshares, Inc. has a 1 year low of $27.58 and a 1 year high of $43.86.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The bank reported $0.96 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate 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 business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, May 15th. First Mid Bancshares's dividend payout ratio (DPR) is presently 28.57%.

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.