Vanguard Group Inc. Has $48.21 Million Position in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Vanguard Group Inc. increased its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,309,240 shares of the bank's stock after buying an additional 31,231 shares during the quarter. Vanguard Group Inc. owned 5.48% of First Mid Bancshares worth $48,206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FMBH. Charles Schwab Investment Management Inc. increased its holdings in First Mid Bancshares by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 176,350 shares of the bank's stock worth $6,493,000 after purchasing an additional 1,096 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of First Mid Bancshares by 33.6% in the third 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in 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 acquiring an additional 2,028 shares in the last quarter. New York State Teachers Retirement System bought a new position in First Mid Bancshares in the fourth quarter valued at approximately $76,000. Finally, Victory Capital Management Inc. increased its position in shares of First Mid Bancshares by 10.5% during the 4th quarter. Victory Capital Management Inc. now owns 32,700 shares of the bank's stock worth $1,204,000 after purchasing an additional 3,100 shares during the last quarter. 47.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FMBH shares. 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. Stephens restated an "equal weight" rating and issued a $43.00 price objective on shares of First Mid Bancshares in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, First Mid Bancshares currently has an average rating of "Hold" and a consensus price target of $45.00.

First Mid Bancshares Stock Performance

FMBH traded up $0.22 during trading on Thursday, hitting $32.31. The stock had a trading volume of 16,871 shares, compared to its average volume of 60,507. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $774.74 million, a price-to-earnings ratio of 9.82 and a beta of 0.85. The company has a 50 day moving average price of $35.50 and a 200-day moving average price of $37.76. First Mid Bancshares, Inc. has a one year low of $27.58 and a one year high of $43.86.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last announced its earnings results on Thursday, January 23rd. The bank reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, research analysts predict that First Mid Bancshares, Inc. will post 3.61 EPS for the current year.

First Mid Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Thursday, February 13th. First Mid Bancshares's payout ratio is currently 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.