Barclays PLC Purchases 26,315 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Barclays PLC boosted its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 327.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,347 shares of the bank's stock after buying an additional 26,315 shares during the quarter. Barclays PLC owned about 0.14% of First Mid Bancshares worth $1,337,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FMBH. Quantbot Technologies LP acquired a new position in First Mid Bancshares in the 3rd quarter valued at $84,000. PDT Partners LLC bought a new stake in shares of First Mid Bancshares in the third quarter valued at approximately $203,000. Centiva Capital LP bought a new stake in First Mid Bancshares in the 3rd quarter valued at $213,000. BNP Paribas Financial Markets increased its holdings in shares of First Mid Bancshares by 33.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank's stock worth $233,000 after purchasing an additional 1,510 shares during the period. Finally, Choreo LLC lifted its stake in shares of First Mid Bancshares by 17.9% in the second quarter. Choreo LLC now owns 7,568 shares of the bank's stock valued at $246,000 after buying an additional 1,149 shares during the period. 47.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FMBH shares. Keefe, Bruyette & Woods increased their price objective on shares of First Mid Bancshares from $42.00 to $45.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler lifted their price objective on First Mid Bancshares from $46.00 to $47.00 and gave the company an "overweight" rating in a report on Friday, November 1st. DA Davidson cut First Mid Bancshares from a "buy" rating to a "neutral" rating and increased their target price for the stock from $44.00 to $47.00 in a report on Tuesday, November 12th. Finally, Stephens downgraded shares of First Mid Bancshares from an "overweight" rating to an "equal weight" rating in a report on Monday, December 9th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $42.50.

First Mid Bancshares Trading Down 1.8 %

FMBH stock traded down $0.66 during trading on Friday, hitting $36.99. The company had a trading volume of 31,873 shares, compared to its average volume of 58,065. The firm has a 50-day moving average price of $40.34 and a 200-day moving average price of $38.07. The stock has a market cap of $884.50 million, a price-to-earnings ratio of 11.38 and a beta of 0.91. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41. First Mid Bancshares, Inc. has a 12 month low of $28.86 and a 12 month high of $43.86.

First Mid Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were paid a $0.24 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.60%. First Mid Bancshares's dividend payout ratio (DPR) is presently 29.54%.

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.