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

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

Other institutional investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new stake in shares of First Mid Bancshares during the fourth quarter worth about $76,000. Centiva Capital LP purchased a new stake in First Mid Bancshares in the 3rd quarter worth approximately $213,000. BNP Paribas Financial Markets raised its holdings in First Mid Bancshares by 33.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank's stock valued at $233,000 after acquiring an additional 1,510 shares during the last quarter. Franklin Resources Inc. purchased a new position in shares of First Mid Bancshares during the 3rd quarter worth $566,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of First Mid Bancshares by 12.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,959 shares of the bank's stock worth $738,000 after purchasing an additional 2,028 shares during the last quarter. Institutional investors and hedge funds own 47.57% of the company's stock.

Wall Street Analyst Weigh In

FMBH has been the topic of several recent analyst reports. Hovde Group reduced their target price on First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Stephens restated an "equal weight" rating and issued a $43.00 target price on shares of First Mid Bancshares in a report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $45.00.

First Mid Bancshares Trading Down 0.4 %

Shares of First Mid Bancshares stock traded down $0.12 during trading hours on Friday, reaching $31.02. The stock had a trading volume of 63,892 shares, compared to its average volume of 60,507. The firm has a market capitalization of $743.92 million, a price-to-earnings ratio of 9.43 and a beta of 0.85. First Mid Bancshares, Inc. has a 1 year low of $27.58 and a 1 year 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 50 day simple moving average of $35.92 and a two-hundred day simple moving average of $37.89.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $0.87 EPS for the quarter, beating the consensus estimate of $0.82 by $0.05. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. As a group, equities research analysts anticipate that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current year.

First Mid Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Thursday, February 13th. First Mid Bancshares's dividend payout ratio is presently 29.18%.

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.