Wellington Management Group LLP Purchases 26,560 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Wellington Management Group LLP raised its position in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 387,926 shares of the bank’s stock after acquiring an additional 26,560 shares during the period. Wellington Management Group LLP owned approximately 1.62% of First Mid Bancshares worth $15,094,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. grew its stake in First Mid Bancshares by 23.7% during the 2nd quarter. American Century Companies Inc. now owns 340,343 shares of the bank’s stock worth $11,190,000 after buying an additional 65,314 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in First Mid Bancshares by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 778,135 shares of the bank’s stock worth $25,584,000 after acquiring an additional 36,769 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of First Mid Bancshares during the third quarter worth about $869,000. AQR Capital Management LLC increased its holdings in shares of First Mid Bancshares by 106.4% during the second quarter. AQR Capital Management LLC now owns 31,333 shares of the bank’s stock valued at $1,030,000 after acquiring an additional 16,150 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of First Mid Bancshares by 7.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 118,048 shares of the bank’s stock valued at $3,881,000 after purchasing an additional 7,849 shares during the last quarter. 47.57% of the stock is owned by hedge funds and other institutional investors.

First Mid Bancshares Trading Down 0.4 %

Shares of First Mid Bancshares stock opened at $41.23 on Friday. First Mid Bancshares, Inc. has a 1 year low of $28.86 and a 1 year high of $43.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $985.81 million, a PE ratio of 12.69 and a beta of 0.91. The firm has a fifty day moving average price of $40.41 and a 200 day moving average price of $37.59.

First Mid Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were paid a $0.24 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.33%. First Mid Bancshares’s payout ratio is 29.54%.

Analyst Ratings Changes

Several analysts have weighed in on FMBH shares. Piper Sandler boosted their target price on shares of First Mid Bancshares from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. DA Davidson lowered shares of First Mid Bancshares from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $44.00 to $47.00 in a report on Tuesday, November 12th. Stephens lowered First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 9th. Finally, Keefe, Bruyette & Woods boosted their price target on First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $42.50.

First Mid Bancshares 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.