Barclays PLC Purchases 26,315 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Barclays PLC grew its position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 327.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 34,347 shares of the bank’s stock after buying an additional 26,315 shares during the quarter. Barclays PLC’s holdings in First Mid Bancshares were worth $1,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of First Mid Bancshares by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 778,135 shares of the bank’s stock valued at $25,584,000 after acquiring an additional 36,769 shares in the last quarter. Wellington Management Group LLP boosted its holdings in First Mid Bancshares by 7.3% in the 3rd quarter. Wellington Management Group LLP now owns 387,926 shares of the bank’s stock valued at $15,094,000 after purchasing an additional 26,560 shares during the period. American Century Companies Inc. grew its position in shares of 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 purchasing an additional 65,314 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of First Mid Bancshares by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 118,048 shares of the bank’s stock worth $3,881,000 after purchasing an additional 7,849 shares during the period. Finally, Creative Planning increased its holdings in shares of First Mid Bancshares by 2.1% during the second quarter. Creative Planning now owns 106,397 shares of the bank’s stock worth $3,498,000 after purchasing an additional 2,186 shares during the period. Institutional investors and hedge funds own 47.57% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on FMBH. DA Davidson cut First Mid Bancshares from a “buy” rating to a “neutral” rating and boosted their price target for the company from $44.00 to $47.00 in a research note on Tuesday, November 12th. Piper Sandler increased their target price on First Mid Bancshares from $46.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. 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. Finally, Stephens downgraded shares of First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 9th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, First Mid Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

First Mid Bancshares Trading Down 1.8 %

Shares of FMBH opened at $36.99 on Friday. The business’s fifty day moving average is $40.34 and its 200-day moving average is $38.07. The firm has a market cap of $884.50 million, a price-to-earnings ratio of 11.38 and a beta of 0.91. 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 52-week low of $28.86 and a 52-week high of $43.86.

First Mid Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.60%. The ex-dividend date was Thursday, November 14th. First Mid Bancshares’s payout ratio is 29.54%.

About First Mid Bancshares

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.