Fisher Asset Management LLC Purchases New Holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Fisher Asset Management LLC purchased a new stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,917 shares of the bank's stock, valued at approximately $807,000. Fisher Asset Management LLC owned 0.09% of First Mid Bancshares as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Franklin Resources Inc. acquired a new position in shares of First Mid Bancshares during the third quarter valued at $566,000. Barclays PLC lifted its stake in shares of First Mid Bancshares by 327.6% during the third quarter. Barclays PLC now owns 34,347 shares of the bank's stock valued at $1,337,000 after acquiring an additional 26,315 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of First Mid Bancshares by 12.0% during the third 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. JPMorgan Chase & Co. lifted its stake in shares of First Mid Bancshares by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 133,132 shares of the bank's stock valued at $5,180,000 after acquiring an additional 25,855 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in First Mid Bancshares by 1.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 88,910 shares of the bank's stock valued at $3,459,000 after purchasing an additional 900 shares during the last quarter. Institutional investors and hedge funds own 47.57% of the company's stock.

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First Mid Bancshares Trading Down 0.4 %

Shares of First Mid Bancshares stock traded down $0.15 during trading hours on Friday, hitting $36.53. The company's stock had a trading volume of 92,559 shares, compared to its average volume of 56,700. First Mid Bancshares, Inc. has a 12 month low of $28.86 and a 12 month high of $43.86. The stock has a 50 day moving average of $37.39 and a 200 day moving average of $38.88. The company has a market capitalization of $876.06 million, a PE ratio of 11.10 and a beta of 0.88. 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 (NASDAQ:FMBH - Get Free Report) last announced its quarterly 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%. Analysts predict that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current year.

First Mid Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.96 annualized dividend and a dividend yield of 2.63%. First Mid Bancshares's dividend payout ratio (DPR) is currently 29.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FMBH shares. Keefe, Bruyette & Woods upped their price objective on First Mid Bancshares from $42.00 to $45.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Stephens reiterated an "equal weight" rating and issued a $43.00 price objective on shares of First Mid Bancshares in a report on Friday, January 24th. Finally, DA Davidson downgraded First Mid Bancshares from a "buy" rating to a "neutral" rating and upped their price objective for the company from $44.00 to $47.00 in a report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $43.40.

Insiders Place Their Bets

In other news, Director James Edwin Zimmer acquired 1,000 shares of First Mid Bancshares stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $39.87 per share, with a total value of $39,870.00. Following the completion of the transaction, the director now directly owns 4,050 shares of the company's stock, valued at approximately $161,473.50. This represents a 32.79 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.70% of the company's stock.

First Mid Bancshares 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.