Intech Investment Management LLC Buys Shares of 9,331 First Mid Bancshares, Inc. (NASDAQ:FMBH)

Intech Investment Management LLC purchased a new position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,331 shares of the bank's stock, valued at approximately $344,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its stake in First Mid Bancshares by 17.2% during the third quarter. Thrivent Financial for Lutherans now owns 43,252 shares of the bank's stock worth $1,683,000 after purchasing an additional 6,353 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of First Mid Bancshares in the 3rd quarter worth approximately $869,000. Quantbot Technologies LP bought a new position in shares of First Mid Bancshares during the 3rd quarter worth approximately $84,000. BNP Paribas Financial Markets boosted its stake in First Mid Bancshares by 33.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank's stock valued at $233,000 after buying an additional 1,510 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in First Mid Bancshares by 12.0% in 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. Institutional investors own 47.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Hovde Group cut their price objective on First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Stephens reissued an "equal weight" rating and set a $43.00 price target on shares of First Mid Bancshares in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of First Mid Bancshares from $42.00 to $45.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $45.00.

Remove Ads

First Mid Bancshares Price Performance

Shares of FMBH stock traded down $1.01 during trading hours on Friday, hitting $35.02. 43,410 shares of the company's stock were exchanged, compared to its average volume of 58,984. First Mid Bancshares, Inc. has a 52 week low of $28.86 and a 52 week high of $43.86. The stock has a market cap of $839.85 million, a price-to-earnings ratio of 10.64 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. The stock's 50-day moving average is $37.18 and its 200-day moving average is $38.45.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $0.87 EPS for the quarter, topping 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%. As a group, research analysts forecast that First Mid Bancshares, Inc. will post 3.61 EPS for the current year.

First Mid Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Thursday, February 13th. First Mid Bancshares's dividend payout ratio is currently 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.