Martingale Asset Management L P Buys 30,797 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Martingale Asset Management L P grew its position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 313.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,615 shares of the bank's stock after acquiring an additional 30,797 shares during the quarter. Martingale Asset Management L P owned 0.17% of First Mid Bancshares worth $1,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FMBH. BNP Paribas Financial Markets boosted its holdings in First Mid Bancshares by 33.6% during the third quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank's stock worth $233,000 after purchasing an additional 1,510 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of First Mid Bancshares by 12.0% in 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 worth $738,000 after buying an additional 2,028 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of First Mid Bancshares during the third quarter valued at approximately $213,000. Wellington Management Group LLP lifted its holdings in First Mid Bancshares by 7.3% during the third quarter. Wellington Management Group LLP now owns 387,926 shares of the bank's stock worth $15,094,000 after acquiring an additional 26,560 shares during the period. Finally, Barclays PLC boosted its position in First Mid Bancshares by 327.6% in the third quarter. Barclays PLC now owns 34,347 shares of the bank's stock worth $1,337,000 after purchasing an additional 26,315 shares during the last quarter. Institutional investors own 47.57% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FMBH shares. Stephens reaffirmed an "equal weight" rating and set a $43.00 target price on shares of First Mid Bancshares in a research report on Friday, January 24th. Hovde Group dropped their target price on shares of First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $45.00.

First Mid Bancshares Stock Performance

Shares of NASDAQ:FMBH traded up $0.39 during midday trading on Thursday, reaching $32.48. 22,351 shares of the company traded hands, compared to its average volume of 60,533. First Mid Bancshares, Inc. has a 12 month low of $27.58 and a 12 month high of $43.86. The firm's fifty day moving average price is $35.50 and its two-hundred day moving average price is $37.76. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $778.82 million, a price-to-earnings ratio of 9.85 and a beta of 0.85.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $0.87 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%. On average, equities analysts expect that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current year.

First Mid Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Thursday, February 13th. First Mid Bancshares's dividend payout ratio is 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.