First Mid Bancshares, Inc. (NASDAQ:FMBH) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 19.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,605 shares of the bank’s stock after acquiring an additional 3,646 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.09% of First Mid Bancshares worth $832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of FMBH. Sterling Capital Management LLC increased 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 valued at $27,000 after acquiring an additional 652 shares during the last quarter. Federated Hermes Inc. boosted its holdings in 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 purchasing an additional 883 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in First Mid Bancshares in the fourth quarter valued at approximately $65,000. Tower Research Capital LLC TRC lifted its position in shares of First Mid Bancshares by 16.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,959 shares of the bank’s stock worth $72,000 after buying an additional 276 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new position in shares of First Mid Bancshares during the fourth quarter worth about $76,000. Institutional investors and hedge funds own 47.57% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FMBH shares. Stephens reiterated a “positive” rating on shares of First Mid Bancshares in a research note on Friday, May 2nd. Raymond James reiterated an “outperform” rating and issued a $40.00 price target (down previously from $43.00) on shares of First Mid Bancshares in a research report on Friday, May 2nd. Finally, Hovde Group lowered 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.83.

First Mid Bancshares Trading Up 2.5%

NASDAQ:FMBH opened at $37.36 on Wednesday. The stock has a fifty day moving average price of $34.52 and a two-hundred day moving average price of $36.62. The stock has a market capitalization of $896.23 million, a price-to-earnings ratio of 11.36 and a beta of 0.87. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. First Mid Bancshares, Inc. has a 1 year low of $27.58 and a 1 year high of $43.86.

First Mid Bancshares (NASDAQ:FMBH) last released its quarterly earnings data on Wednesday, April 30th. The bank reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.02. The firm had revenue of $85.21 million during the quarter, compared to analysts’ expectations of $58.29 million. First Mid Bancshares had a return on equity of 10.10% and a net margin of 17.39%. As a group, sell-side analysts anticipate that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current fiscal year.

First Mid Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date was Thursday, May 15th. First Mid Bancshares’s dividend payout ratio is currently 28.57%.

First Mid Bancshares Company 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.