Connor Clark & Lunn Investment Management Ltd. Buys Shares of 22,331 First Mid Bancshares, Inc. (NASDAQ:FMBH)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,331 shares of the bank's stock, valued at approximately $869,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of First Mid Bancshares at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FMBH. Vanguard Group Inc. boosted its position in First Mid Bancshares by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 1,292,218 shares of the bank's stock worth $42,230,000 after purchasing an additional 85,434 shares during the period. Price T Rowe Associates Inc. MD acquired a new stake in shares of First Mid Bancshares in the first quarter valued at about $208,000. CWM LLC raised its holdings in shares of First Mid Bancshares by 344.2% during the 2nd quarter. CWM LLC now owns 884 shares of the bank's stock valued at $29,000 after buying an additional 685 shares during the period. Bank of New York Mellon Corp lifted its position in First Mid Bancshares by 7.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 118,048 shares of the bank's stock worth $3,881,000 after acquiring an additional 7,849 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in First Mid Bancshares by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 33,272 shares of the bank's stock worth $1,094,000 after acquiring an additional 1,049 shares during the period. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

First Mid Bancshares Stock Down 0.2 %

Shares of First Mid Bancshares stock traded down $0.09 during trading on Thursday, reaching $42.18. The company had a trading volume of 39,374 shares, compared to its average volume of 58,247. The firm's fifty day moving average is $39.60 and its 200-day moving average is $36.82. First Mid Bancshares, Inc. has a fifty-two week low of $28.86 and a fifty-two week high of $43.86. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 12.98 and a beta of 0.89. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91.

First Mid Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, November 14th. First Mid Bancshares's dividend payout ratio is currently 29.54%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FMBH shares. Stephens lifted their price objective on shares of First Mid Bancshares from $40.00 to $43.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Piper Sandler boosted their price objective on shares of First Mid Bancshares from $46.00 to $47.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. DA Davidson downgraded First Mid Bancshares from a "buy" rating to a "neutral" rating and raised their target price for the company from $44.00 to $47.00 in a research note on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods lowered First Mid Bancshares from an "outperform" rating to a "market perform" rating and set a $42.00 target price on the stock. in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, First Mid Bancshares has a consensus rating of "Moderate Buy" and a consensus price target of $42.00.

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.