American Century Companies Inc. Raises Stock Position in First Mid Bancshares, Inc. $FMBH

American Century Companies Inc. grew its stake in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 9.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 584,286 shares of the bank’s stock after purchasing an additional 52,116 shares during the quarter. American Century Companies Inc. owned about 2.43% of First Mid Bancshares worth $22,133,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FMBH. Federated Hermes Inc. increased its position in shares of First Mid Bancshares by 17.4% during the third quarter. Federated Hermes Inc. now owns 2,007 shares of the bank’s stock valued at $76,000 after buying an additional 297 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in First Mid Bancshares by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,566 shares of the bank’s stock worth $473,000 after buying an additional 550 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in First Mid Bancshares by 8.8% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 8,008 shares of the bank’s stock worth $303,000 after buying an additional 648 shares during the period. Russell Investments Group Ltd. boosted its position in First Mid Bancshares by 0.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 84,392 shares of the bank’s stock valued at $3,164,000 after acquiring an additional 680 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in First Mid Bancshares during the 3rd quarter valued at approximately $36,000. Institutional investors own 47.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FMBH shares. Weiss Ratings reissued a “buy (b-)” rating on shares of First Mid Bancshares in a research report on Monday, December 29th. DA Davidson upped their price target on First Mid Bancshares from $45.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Finally, Zacks Research downgraded First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.60.

First Mid Bancshares Price Performance

Shares of NASDAQ FMBH opened at $39.95 on Tuesday. First Mid Bancshares, Inc. has a fifty-two week low of $27.58 and a fifty-two week high of $44.85. The company has a 50 day simple moving average of $41.77 and a two-hundred day simple moving average of $39.68. The company has a market capitalization of $962.00 million, a price-to-earnings ratio of 10.40 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.96 and a current ratio of 0.96.

First Mid Bancshares (NASDAQ:FMBH) last released its earnings results on Thursday, January 29th. The bank reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. First Mid Bancshares had a net margin of 19.69% and a return on equity of 10.44%. The firm had revenue of $90.14 million during the quarter, compared to analyst estimates of $67.86 million. Analysts expect that First Mid Bancshares, Inc. will post 3.61 EPS for the current fiscal year.

First Mid Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 12th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, February 12th. This represents a $1.00 dividend on an annualized basis and a yield of 2.5%. First Mid Bancshares’s payout ratio is presently 26.04%.

Insider Buying and Selling at First Mid Bancshares

In other First Mid Bancshares news, CEO Clay M. Dean sold 1,099 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $42.69, for a total value of $46,916.31. Following the sale, the chief executive officer directly owned 9,624 shares of the company’s stock, valued at approximately $410,848.56. The trade was a 10.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bradley L. Beesley sold 6,000 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $44.00, for a total value of $264,000.00. Following the completion of the sale, the executive vice president directly owned 12,378 shares in the company, valued at approximately $544,632. This represents a 32.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 5.20% of the company’s stock.

About First Mid Bancshares

First Mid Bancshares, Inc (NASDAQ: FMBH), headquartered in Mattoon, Illinois, is a financial services holding company that offers a comprehensive suite of banking products and services through its main subsidiary, First Mid Bank & Trust. The company’s primary business activities include commercial and retail banking, mortgage origination and servicing, wealth management and trust administration, as well as treasury and cash management solutions.

Through its branch network, First Mid provides consumer deposit products such as checking and savings accounts, certificates of deposit and online banking services.