Hotchkis & Wiley Capital Management LLC Grows Position in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Hotchkis & Wiley Capital Management LLC raised its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,910 shares of the bank’s stock after purchasing an additional 900 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.37% of First Mid Bancshares worth $3,459,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FMBH. Victory Capital Management Inc. increased its position in shares of First Mid Bancshares by 2.2% in the 2nd quarter. Victory Capital Management Inc. now owns 30,350 shares of the bank’s stock valued at $998,000 after acquiring an additional 650 shares during the period. CWM LLC increased its holdings in shares of First Mid Bancshares by 344.2% in the second quarter. CWM LLC now owns 884 shares of the bank’s stock valued at $29,000 after purchasing an additional 685 shares during the period. Rhumbline Advisers raised its stake in shares of First Mid Bancshares by 3.3% in the second quarter. Rhumbline Advisers now owns 33,272 shares of the bank’s stock worth $1,094,000 after purchasing an additional 1,049 shares during the last quarter. Choreo LLC lifted its holdings in shares of First Mid Bancshares by 17.9% during the second quarter. Choreo LLC now owns 7,568 shares of the bank’s stock worth $246,000 after purchasing an additional 1,149 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in First Mid Bancshares by 33.6% in the third 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 during the last quarter. Hedge funds and other institutional investors own 47.57% of the company’s stock.

Analyst Ratings Changes

FMBH has been the subject of several research reports. DA Davidson cut shares of First Mid Bancshares from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $44.00 to $47.00 in a research note on Tuesday, November 12th. Piper Sandler boosted their target price on shares of First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods lifted their price objective on First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday. Finally, Stephens boosted their price objective on First Mid Bancshares from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.50.

First Mid Bancshares Trading Down 0.7 %

Shares of First Mid Bancshares stock opened at $41.64 on Friday. First Mid Bancshares, Inc. has a fifty-two week low of $28.86 and a fifty-two week high of $43.86. 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 company has a market cap of $995.61 million, a P/E ratio of 12.81 and a beta of 0.91. The firm has a 50-day simple moving average of $40.03 and a two-hundred day simple moving average of $37.23.

First Mid Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.96 dividend on an annualized basis and a yield of 2.31%. First Mid Bancshares’s dividend payout ratio is currently 29.54%.

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.