First Mid Bancshares, Inc. (NASDAQ:FMBH) Stock Holdings Lowered by Endeavour Capital Advisors Inc.

Endeavour Capital Advisors Inc. trimmed its position in First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 12.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 255,290 shares of the bank's stock after selling 37,631 shares during the quarter. First Mid Bancshares accounts for approximately 3.0% of Endeavour Capital Advisors Inc.'s portfolio, making the stock its 13th largest holding. Endeavour Capital Advisors Inc. owned about 1.07% of First Mid Bancshares worth $9,400,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System purchased a new stake in First Mid Bancshares during the 4th quarter worth $76,000. Quantbot Technologies LP purchased a new stake in shares of First Mid Bancshares in the third quarter worth about $84,000. KLP Kapitalforvaltning AS purchased a new stake in shares of First Mid Bancshares in the fourth quarter worth about $155,000. PDT Partners LLC acquired a new stake in shares of First Mid Bancshares in the third quarter valued at about $203,000. Finally, Centiva Capital LP purchased a new stake in shares of First Mid Bancshares during the 3rd quarter valued at about $213,000. 47.57% of the stock is owned by institutional investors and hedge funds.

First Mid Bancshares Stock Down 2.4 %

Shares of NASDAQ:FMBH traded down $0.76 during midday trading on Friday, reaching $31.53. The company had a trading volume of 74,838 shares, compared to its average volume of 59,433. The stock has a market capitalization of $756.15 million, a P/E ratio of 9.58 and a beta of 0.88. The stock's fifty day moving average price is $36.83 and its 200-day moving average price is $38.26. 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, 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 issued its earnings results on Thursday, January 23rd. The bank reported $0.87 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts expect that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current fiscal year.

First Mid Bancshares Announces Dividend

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

Wall Street Analyst Weigh In

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

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.