First Mid Bancshares, Inc. (NASDAQ:FMBH) Position Reduced by Western Wealth Management LLC

Western Wealth Management LLC decreased its position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,964 shares of the bank’s stock after selling 3,200 shares during the period. Western Wealth Management LLC owned 0.36% of First Mid Bancshares worth $2,945,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of First Mid Bancshares by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 92,671 shares of the bank’s stock valued at $3,567,000 after buying an additional 3,765 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of First Mid Bancshares by 56.1% in the first quarter. MetLife Investment Management LLC now owns 9,423 shares of the bank’s stock valued at $363,000 after buying an additional 3,387 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of First Mid Bancshares by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 464,274 shares of the bank’s stock valued at $17,870,000 after buying an additional 21,891 shares in the last quarter. Sei Investments Co. increased its holdings in shares of First Mid Bancshares by 14.4% in the first quarter. Sei Investments Co. now owns 41,461 shares of the bank’s stock valued at $1,596,000 after buying an additional 5,206 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of First Mid Bancshares by 9.1% in the first quarter. Vanguard Group Inc. now owns 933,700 shares of the bank’s stock valued at $35,938,000 after buying an additional 77,601 shares in the last quarter. Institutional investors own 47.57% of the company’s stock.

First Mid Bancshares Stock Up 1.8 %

Shares of NASDAQ FMBH traded up $0.54 during mid-day trading on Thursday, reaching $29.86. The company had a trading volume of 71,886 shares, compared to its average volume of 55,178. First Mid Bancshares, Inc. has a twelve month low of $21.77 and a twelve month high of $35.83. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $713.36 million, a PE ratio of 9.40 and a beta of 0.87. The stock’s 50 day moving average is $30.73 and its 200-day moving average is $30.91.

First Mid Bancshares (NASDAQ:FMBH) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.11. First Mid Bancshares had a net margin of 17.82% and a return on equity of 10.71%. The business had revenue of $79.23 million for the quarter, compared to the consensus estimate of $77.10 million. As a group, equities analysts anticipate that First Mid Bancshares, Inc. will post 3.28 earnings per share for the current fiscal year.

First Mid Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Thursday, February 15th. First Mid Bancshares’s payout ratio is 29.02%.

Wall Street Analyst Weigh In

FMBH has been the topic of several research reports. Stephens dropped their price target on First Mid Bancshares from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Tuesday, January 30th. Raymond James increased their target price on First Mid Bancshares from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, January 29th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.50.

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.