Vanguard Group Inc. cut its holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH – Free Report) by 3.1% in the 4th quarter, HoldingsChannel reports. The fund owned 1,323,842 shares of the bank’s stock after selling 42,785 shares during the period. Vanguard Group Inc. owned approximately 0.06% of First Mid Bancshares worth $51,630,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. Federated Hermes Inc. raised its holdings in First Mid Bancshares by 17.4% in the 3rd quarter. Federated Hermes Inc. now owns 2,007 shares of the bank’s stock valued at $76,000 after acquiring an additional 297 shares during the last quarter. CWM LLC raised its holdings in First Mid Bancshares by 5.8% in the 4th quarter. CWM LLC now owns 6,283 shares of the bank’s stock valued at $245,000 after acquiring an additional 343 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in First Mid Bancshares by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,566 shares of the bank’s stock valued at $473,000 after acquiring an additional 550 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in First Mid Bancshares by 8.8% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 8,008 shares of the bank’s stock valued at $303,000 after acquiring an additional 648 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in First Mid Bancshares by 6.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,428 shares of the bank’s stock valued at $485,000 after acquiring an additional 806 shares during the last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on FMBH shares. Piper Sandler reiterated an “overweight” rating and issued a $55.00 price target (up from $52.00) on shares of First Mid Bancshares in a report on Friday, May 1st. Weiss Ratings restated a “buy (b)” rating on shares of First Mid Bancshares in a report on Friday, May 1st. Raymond James Financial restated an “outperform” rating and set a $48.00 price objective on shares of First Mid Bancshares in a report on Friday, May 1st. Keefe, Bruyette & Woods upped their price objective on First Mid Bancshares from $46.00 to $48.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. Finally, DA Davidson upped their price objective on First Mid Bancshares from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $49.50.
First Mid Bancshares Trading Down 1.5%
FMBH stock opened at $41.79 on Friday. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 10.53 and a beta of 0.79. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $41.86 and a 200-day simple moving average of $40.82. First Mid Bancshares, Inc. has a 52 week low of $33.67 and a 52 week high of $44.85.
First Mid Bancshares (NASDAQ:FMBH – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The bank reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. The business had revenue of $98.54 million during the quarter, compared to the consensus estimate of $96.45 million. First Mid Bancshares had a return on equity of 10.44% and a net margin of 19.95%. On average, equities research analysts expect that First Mid Bancshares, Inc. will post 4.58 EPS for the current year.
First Mid Bancshares Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, May 15th. First Mid Bancshares’s dividend payout ratio is currently 25.19%.
First Mid Bancshares Company Profile
First Mid Bancshares, Inc (NASDAQ: FMBH), headquartered in Mattoon, Illinois, is a financial services holding company that offers a comprehensive suite of banking products and services through its main subsidiary, First Mid Bank & Trust. The company’s primary business activities include commercial and retail banking, mortgage origination and servicing, wealth management and trust administration, as well as treasury and cash management solutions.
Through its branch network, First Mid provides consumer deposit products such as checking and savings accounts, certificates of deposit and online banking services.
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