Wellington Management Group LLP Buys 14,900 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Wellington Management Group LLP boosted its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 3.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 402,826 shares of the bank's stock after purchasing an additional 14,900 shares during the period. Wellington Management Group LLP owned about 1.68% of First Mid Bancshares worth $14,832,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of First Mid Bancshares by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 176,350 shares of the bank's stock worth $6,493,000 after acquiring an additional 1,096 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings 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 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 grew its holdings in 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 valued at $738,000 after buying an additional 2,028 shares during the last quarter. New York State Teachers Retirement System acquired a new position in shares of First Mid Bancshares during the fourth quarter worth approximately $76,000. Finally, Prudential Financial Inc. boosted its position in shares of First Mid Bancshares by 27.6% in the fourth quarter. Prudential Financial Inc. now owns 10,172 shares of the bank's stock valued at $375,000 after acquiring an additional 2,200 shares during the period. Institutional investors and hedge funds own 47.57% of the company's stock.

First Mid Bancshares Price Performance

NASDAQ:FMBH traded up $0.08 during trading hours on Monday, reaching $31.22. The company had a trading volume of 63,892 shares, compared to its average volume of 60,363. The firm has a market capitalization of $748.60 million, a PE ratio of 9.53 and a beta of 0.85. The stock has a 50-day moving average of $35.92 and a two-hundred day moving average of $37.89. First Mid Bancshares, Inc. has a one year low of $27.58 and a one year high of $43.86. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last released its quarterly earnings results 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%. Analysts forecast 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. Shareholders of record on Thursday, February 13th were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.96 dividend on an annualized basis and a yield of 3.08%. First Mid Bancshares's payout ratio is presently 29.18%.

Analysts Set New Price Targets

FMBH has been the subject of several research analyst reports. Stephens reiterated 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. Hovde Group lowered their price target on 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, First Mid Bancshares presently has a consensus rating of "Hold" and an average price target of $45.00.

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.