First Mid Bancshares, Inc. (NASDAQ:FMBH) Shares Purchased by Barclays PLC

Barclays PLC lifted its stake in First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 327.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,347 shares of the bank's stock after buying an additional 26,315 shares during the quarter. Barclays PLC owned approximately 0.14% of First Mid Bancshares worth $1,337,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new stake in shares of First Mid Bancshares during the 3rd quarter worth approximately $84,000. PDT Partners LLC purchased a new position in First Mid Bancshares in the third quarter valued at $203,000. Centiva Capital LP acquired a new position in shares of First Mid Bancshares in the third quarter worth about $213,000. BNP Paribas Financial Markets boosted its stake 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 acquiring an additional 1,510 shares in the last quarter. Finally, Choreo LLC grew its position in shares of First Mid Bancshares by 17.9% during the 2nd quarter. Choreo LLC now owns 7,568 shares of the bank's stock valued at $246,000 after acquiring an additional 1,149 shares during the period. 47.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the company. Piper Sandler raised 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. Stephens lowered shares of First Mid Bancshares from an "overweight" rating to an "equal weight" rating in a report on Monday, December 9th. 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 report on Wednesday, December 4th. Finally, DA Davidson cut shares of First Mid Bancshares from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $44.00 to $47.00 in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, First Mid Bancshares has an average rating of "Moderate Buy" and an average price target of $42.50.

First Mid Bancshares Price Performance

Shares of NASDAQ FMBH traded down $0.03 during mid-day trading on Monday, reaching $34.56. The company's stock had a trading volume of 15,376 shares, compared to its average volume of 47,802. The stock has a 50-day moving average of $39.82 and a two-hundred day moving average of $38.49. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $826.40 million, a P/E ratio of 10.63 and a beta of 0.93. First Mid Bancshares, Inc. has a 1-year low of $28.86 and a 1-year high of $43.86.

First Mid Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were issued a $0.24 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.96 dividend on an annualized basis and a yield of 2.78%. First Mid Bancshares's payout ratio is 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.