Teacher Retirement System of Texas Raises Stock Position in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Teacher Retirement System of Texas increased its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 96.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,898 shares of the bank's stock after acquiring an additional 15,679 shares during the quarter. Teacher Retirement System of Texas owned about 0.13% of First Mid Bancshares worth $1,174,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FMBH. Wellington Management Group LLP boosted its holdings in shares of First Mid Bancshares by 7.3% during the 3rd quarter. Wellington Management Group LLP now owns 387,926 shares of the bank's stock worth $15,094,000 after purchasing an additional 26,560 shares during the last quarter. Barclays PLC lifted its position in First Mid Bancshares by 327.6% during the third quarter. Barclays PLC now owns 34,347 shares of the bank's stock worth $1,337,000 after buying an additional 26,315 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in First Mid Bancshares by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 133,132 shares of the bank's stock worth $5,180,000 after buying an additional 25,855 shares during the last quarter. Fisher Asset Management LLC purchased a new stake in First Mid Bancshares in the 4th quarter valued at $807,000. Finally, Bank of New York Mellon Corp increased its stake in shares of First Mid Bancshares by 20.2% in the 4th quarter. Bank of New York Mellon Corp now owns 120,471 shares of the bank's stock worth $4,436,000 after acquiring an additional 20,266 shares during the last quarter. Hedge funds and other institutional investors own 47.57% of the company's stock.

First Mid Bancshares Trading Up 0.9 %

Shares of First Mid Bancshares stock traded up $0.30 during trading hours on Wednesday, hitting $35.05. The company's stock had a trading volume of 57,858 shares, compared to its average volume of 59,037. The firm has a fifty day moving average of $37.06 and a 200-day moving average of $38.37. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $840.57 million, a price-to-earnings ratio of 10.65 and a beta of 0.88. First Mid Bancshares, Inc. has a twelve month low of $28.86 and a twelve month high of $43.86.

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 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%. Research analysts forecast that First Mid Bancshares, Inc. will post 3.61 EPS for the current year.

First Mid Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Thursday, February 13th. First Mid Bancshares's payout ratio is 29.18%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FMBH. Keefe, Bruyette & Woods boosted their price target on shares of First Mid Bancshares from $42.00 to $45.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Stephens reaffirmed an "equal weight" rating and set a $43.00 target price on shares of First Mid Bancshares in a research note on Friday, January 24th. Finally, Hovde Group dropped 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 research note on Friday, March 14th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently 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.