Boston Partners Has $2.81 Million Stock Holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Boston Partners lowered its position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 1.1% in the fourth quarter, HoldingsChannel reports. The firm owned 76,247 shares of the bank’s stock after selling 875 shares during the period. Boston Partners’ holdings in First Mid Bancshares were worth $2,807,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FMBH. Franklin Resources Inc. acquired a new stake in shares of First Mid Bancshares during the third quarter worth approximately $566,000. Barclays PLC grew its position in First Mid Bancshares by 327.6% during the 3rd quarter. Barclays PLC now owns 34,347 shares of the bank’s stock worth $1,337,000 after acquiring an additional 26,315 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in First Mid Bancshares by 12.0% during 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 purchasing an additional 2,028 shares in the last quarter. JPMorgan Chase & Co. raised its position in First Mid Bancshares by 24.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 133,132 shares of the bank’s stock valued at $5,180,000 after purchasing an additional 25,855 shares during the last quarter. Finally, Fisher Asset Management LLC acquired a new position in First Mid Bancshares in the fourth quarter worth $807,000. 47.57% of the stock is owned by institutional investors.

First Mid Bancshares Stock Performance

First Mid Bancshares stock opened at $35.02 on Friday. First Mid Bancshares, Inc. has a 1 year low of $28.86 and a 1 year high of $43.86. The company’s 50-day moving average is $37.24 and its two-hundred day moving average is $38.57. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. The company has a market cap of $839.85 million, a PE ratio of 10.64 and a beta of 0.88.

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $0.87 earnings per share (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%. Equities analysts anticipate that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current year.

First Mid Bancshares Announces Dividend

The business 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. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.74%. First Mid Bancshares’s dividend payout ratio (DPR) is presently 29.18%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their price target on First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens reiterated 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. Finally, Hovde Group lowered 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 report on Friday, March 14th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, First Mid Bancshares presently has an average rating of “Hold” and an average target price of $45.00.

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.