Deprince Race & Zollo Inc. Has $4.78 Million Holdings in First Mid Bancshares, Inc. $FMBH

Deprince Race & Zollo Inc. boosted its stake in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 22.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,504 shares of the bank’s stock after purchasing an additional 22,358 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.51% of First Mid Bancshares worth $4,778,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Federated Hermes Inc. raised its stake in First Mid Bancshares by 17.4% in the third quarter. Federated Hermes Inc. now owns 2,007 shares of the bank’s stock valued at $76,000 after purchasing an additional 297 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in First Mid Bancshares by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,566 shares of the bank’s stock worth $473,000 after acquiring an additional 550 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in First Mid Bancshares by 8.8% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 8,008 shares of the bank’s stock worth $303,000 after acquiring an additional 648 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in First Mid Bancshares by 6.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,428 shares of the bank’s stock worth $485,000 after acquiring an additional 806 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in First Mid Bancshares during the third quarter worth about $36,000. Institutional investors and hedge funds own 47.57% of the company’s stock.

Insider Buying and Selling

In other First Mid Bancshares news, EVP Bradley L. Beesley sold 6,000 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $44.00, for a total transaction of $264,000.00. Following the completion of the sale, the executive vice president owned 12,378 shares of the company’s stock, valued at approximately $544,632. This represents a 32.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.00% of the stock is owned by insiders.

First Mid Bancshares Stock Performance

First Mid Bancshares stock opened at $43.58 on Tuesday. The business has a 50 day moving average of $41.83 and a 200-day moving average of $39.88. First Mid Bancshares, Inc. has a 1 year low of $30.67 and a 1 year high of $44.85. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $1.16 billion, a P/E ratio of 11.35 and a beta of 0.82.

First Mid Bancshares (NASDAQ:FMBH) last released its quarterly earnings data 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 return on equity of 10.44% and a net margin of 19.69%.The company had revenue of $90.14 million during the quarter, compared to the consensus estimate of $67.86 million. On average, equities 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 disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 12th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. First Mid Bancshares’s dividend payout ratio is currently 26.04%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of First Mid Bancshares in a research note on Monday, December 29th. DA Davidson boosted their target price 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 research note on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.75.

First Mid Bancshares Company Profile

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.