Federated Hermes Inc. Purchases 340 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Federated Hermes Inc. boosted its position in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 35.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,295 shares of the bank’s stock after acquiring an additional 340 shares during the quarter. Federated Hermes Inc.’s holdings in First Mid Bancshares were worth $45,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FMBH. Deutsche Bank AG lifted its holdings in First Mid Bancshares by 72.3% in the fourth quarter. Deutsche Bank AG now owns 19,073 shares of the bank’s stock worth $702,000 after buying an additional 8,002 shares during the period. SG Americas Securities LLC lifted its holdings in First Mid Bancshares by 35.0% in the first quarter. SG Americas Securities LLC now owns 14,352 shares of the bank’s stock worth $501,000 after buying an additional 3,720 shares during the period. GW&K Investment Management LLC lifted its holdings in First Mid Bancshares by 2.2% in the first quarter. GW&K Investment Management LLC now owns 460,197 shares of the bank’s stock worth $16,061,000 after buying an additional 9,695 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new stake in First Mid Bancshares in the first quarter worth about $240,000. Finally, GAMMA Investing LLC lifted its holdings in shares of First Mid Bancshares by 13,062.9% during the first quarter. GAMMA Investing LLC now owns 4,607 shares of the bank’s stock valued at $161,000 after purchasing an additional 4,572 shares during the last quarter. Institutional investors own 47.57% of the company’s stock.

Insider Buying and Selling

In other news, CEO Clay M. Dean sold 1,553 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $37.64, for a total value of $58,454.92. Following the sale, the chief executive officer directly owned 11,229 shares in the company, valued at $422,659.56. The trade was a 12.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.20% of the stock is currently owned by insiders.

First Mid Bancshares Price Performance

Shares of FMBH opened at $37.32 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. First Mid Bancshares, Inc. has a twelve month low of $27.58 and a twelve month high of $43.86. The company has a market capitalization of $895.31 million, a P/E ratio of 10.60 and a beta of 0.91. The firm has a 50 day moving average of $37.69 and a 200 day moving average of $36.39.

First Mid Bancshares (NASDAQ:FMBH) last issued its quarterly earnings data on Thursday, July 24th. The bank reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.08. First Mid Bancshares had a net margin of 18.32% and a return on equity of 10.19%. The firm had revenue of $88.23 million during the quarter, compared to the consensus estimate of $64.42 million. As a group, equities research analysts anticipate that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current fiscal year.

First Mid Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, August 15th. This is an increase from First Mid Bancshares’s previous quarterly dividend of $0.24. First Mid Bancshares’s dividend payout ratio is presently 27.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Raymond James Financial reiterated an “outperform” rating and set a $40.00 target price (down from $43.00) on shares of First Mid Bancshares in a report on Friday, May 2nd. Piper Sandler lifted their target price on shares of First Mid Bancshares from $47.00 to $49.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Wall Street Zen upgraded shares of First Mid Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Stephens reiterated a “positive” rating on shares of First Mid Bancshares in a report on Friday, May 2nd. Finally, DA Davidson lifted their target price on shares of First Mid Bancshares from $39.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.33.

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.