Nuveen Asset Management LLC Buys 3,830 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Nuveen Asset Management LLC grew its stake in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 7.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,480 shares of the bank’s stock after purchasing an additional 3,830 shares during the quarter. Nuveen Asset Management LLC owned about 0.23% of First Mid Bancshares worth $2,006,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of First Mid Bancshares by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,016 shares of the bank’s stock worth $479,000 after acquiring an additional 458 shares in the last quarter. Deutsche Bank AG grew its position in First Mid Bancshares by 72.3% during the 4th quarter. Deutsche Bank AG now owns 19,073 shares of the bank’s stock valued at $702,000 after purchasing an additional 8,002 shares during the last quarter. Bank of America Corp DE grew its position in First Mid Bancshares by 28.6% during the 4th quarter. Bank of America Corp DE now owns 27,531 shares of the bank’s stock valued at $1,014,000 after purchasing an additional 6,120 shares during the last quarter. PDT Partners LLC grew its position in First Mid Bancshares by 156.6% during the 4th quarter. PDT Partners LLC now owns 13,420 shares of the bank’s stock valued at $494,000 after purchasing an additional 8,191 shares during the last quarter. Finally, Northern Trust Corp grew its position in First Mid Bancshares by 5.2% during the 4th quarter. Northern Trust Corp now owns 221,975 shares of the bank’s stock valued at $8,173,000 after purchasing an additional 10,925 shares during the last quarter. 47.57% of the stock is currently owned by institutional investors.

First Mid Bancshares Price Performance

FMBH stock opened at $35.99 on Wednesday. First Mid Bancshares, Inc. has a 12 month low of $27.58 and a 12 month high of $43.86. 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 50-day moving average price of $34.34 and a 200 day moving average price of $36.81. The stock has a market cap of $863.36 million, a PE ratio of 10.94 and a beta of 0.84.

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

First Mid Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.96 annualized dividend and a dividend yield of 2.67%. First Mid Bancshares’s dividend payout ratio is currently 28.57%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Stephens reaffirmed a “positive” rating on shares of First Mid Bancshares in a report on Friday, May 2nd. Raymond James reiterated an “outperform” rating and set a $40.00 price objective (down previously from $43.00) on shares of First Mid Bancshares in a research report on Friday, May 2nd. Finally, Hovde Group reduced their price objective 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 investment analysts have rated the stock with a hold rating and four 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 “Moderate Buy” and a consensus price target of $43.83.

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.