American Century Companies Inc. Boosts Stake in First Mid Bancshares, Inc. (NASDAQ:FMBH)

American Century Companies Inc. raised its position in First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 451,057 shares of the bank's stock after acquiring an additional 45,788 shares during the quarter. American Century Companies Inc. owned approximately 1.89% of First Mid Bancshares worth $16,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FMBH. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of First Mid Bancshares by 1.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 88,910 shares of the bank's stock worth $3,459,000 after purchasing an additional 900 shares during the period. Charles Schwab Investment Management Inc. raised its position in First Mid Bancshares by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 176,350 shares of the bank's stock worth $6,493,000 after acquiring an additional 1,096 shares during the period. 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of First Mid Bancshares by 12.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,959 shares of the bank's stock valued at $738,000 after acquiring an additional 2,028 shares during the period. Finally, New York State Teachers Retirement System purchased a new stake in shares of First Mid Bancshares in the 4th quarter worth $76,000. 47.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FMBH has been the topic of several analyst reports. Hovde Group lowered their target price on First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Stephens reaffirmed an "equal weight" rating and set a $43.00 price objective on shares of First Mid Bancshares in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $45.00.

First Mid Bancshares Price Performance

First Mid Bancshares stock traded down $0.76 during mid-day trading on Friday, hitting $31.53. The stock had a trading volume of 74,838 shares, compared to its average volume of 59,433. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. The firm's 50 day moving average is $36.83 and its 200 day moving average is $38.26. The firm has a market capitalization of $756.15 million, a P/E ratio of 9.58 and a beta of 0.88. First Mid Bancshares, Inc. has a one year low of $28.86 and a one year high of $43.86.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last released its earnings results on Thursday, January 23rd. The bank reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.05. First Mid Bancshares had a return on equity of 10.10% and a net margin of 17.39%. On average, sell-side analysts forecast that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current fiscal year.

First Mid Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Thursday, February 13th. First Mid Bancshares's dividend payout ratio (DPR) is presently 29.18%.

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.