Bank of New York Mellon Corp Grows Stock Position in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Bank of New York Mellon Corp boosted its stake in First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,471 shares of the bank's stock after acquiring an additional 20,266 shares during the period. Bank of New York Mellon Corp owned 0.50% of First Mid Bancshares worth $4,436,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FMBH. New York State Teachers Retirement System bought a new stake in First Mid Bancshares in the fourth quarter valued at $76,000. Quantbot Technologies LP bought a new stake in First Mid Bancshares in the third quarter valued at $84,000. PDT Partners LLC bought a new stake in First Mid Bancshares in the third quarter valued at $203,000. Centiva Capital LP bought a new stake in First Mid Bancshares in the third quarter valued at $213,000. Finally, BNP Paribas Financial Markets boosted its holdings in 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 in the last quarter. Institutional investors own 47.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of First Mid Bancshares from $42.00 to $45.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Stephens restated an "equal weight" rating and set a $43.00 target price on shares of First Mid Bancshares in a report on Friday, January 24th. Finally, Hovde Group dropped their target price on shares of First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, First Mid Bancshares presently has an average rating of "Hold" and an average target price of $45.00.

Remove Ads

First Mid Bancshares Stock Down 0.6 %

First Mid Bancshares stock traded down $0.22 during mid-day trading on Friday, reaching $35.02. The stock had a trading volume of 177,959 shares, compared to its average volume of 56,315. The company has a market capitalization of $839.85 million, a price-to-earnings ratio of 10.64 and a beta of 0.88. The company has a 50-day moving average price of $37.24 and a two-hundred day moving average price of $38.57. First Mid Bancshares, Inc. has a one year low of $28.86 and a one year high of $43.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last announced its quarterly 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%. On average, analysts expect that First Mid Bancshares, Inc. will post 3.61 EPS for the current fiscal year.

First Mid Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Thursday, February 13th. First Mid Bancshares's payout ratio is 29.18%.

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.