Northern Trust Corp Has $8.17 Million Stake in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Northern Trust Corp boosted its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,975 shares of the bank’s stock after acquiring an additional 10,925 shares during the quarter. Northern Trust Corp owned 0.93% of First Mid Bancshares worth $8,173,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Sterling Capital Management LLC grew its holdings in shares of First Mid Bancshares by 804.9% in the 4th quarter. Sterling Capital Management LLC now owns 733 shares of the bank’s stock worth $27,000 after purchasing an additional 652 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of First Mid Bancshares by 1,226.4% in the fourth quarter. Federated Hermes Inc. now owns 955 shares of the bank’s stock valued at $35,000 after acquiring an additional 883 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of First Mid Bancshares in the 4th quarter worth approximately $65,000. Tower Research Capital LLC TRC boosted its holdings in shares of First Mid Bancshares by 16.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,959 shares of the bank’s stock worth $72,000 after acquiring an additional 276 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new stake in First Mid Bancshares during the 4th quarter worth approximately $76,000. 47.57% of the stock is currently owned by institutional investors and hedge funds.

First Mid Bancshares Trading Down 1.0%

Shares of FMBH opened at $36.97 on Monday. 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, Inc. has a 12-month low of $27.58 and a 12-month high of $43.86. The firm has a market capitalization of $886.87 million, a PE ratio of 11.24 and a beta of 0.84. The stock’s fifty day simple moving average is $34.29 and its 200-day simple moving average is $37.23.

First Mid Bancshares (NASDAQ:FMBH) last issued its quarterly earnings results on Wednesday, April 30th. The bank reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.02. First Mid Bancshares had a return on equity of 10.10% and a net margin of 17.39%. The business had revenue of $85.21 million for the quarter, compared to analyst estimates of $58.29 million. As a group, research analysts predict that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current year.

First Mid Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, May 15th. First Mid Bancshares’s dividend payout ratio (DPR) is presently 28.57%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FMBH. Raymond James reiterated an “outperform” rating and issued a $40.00 price objective (down previously from $43.00) on shares of First Mid Bancshares in a research report on Friday, May 2nd. Stephens reaffirmed a “positive” rating on shares of First Mid Bancshares in a report on Friday, May 2nd. Finally, Hovde Group reduced their price target on shares of First Mid Bancshares from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.83.

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.