Victory Capital Management Inc. Has $1.20 Million Stake in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Victory Capital Management Inc. boosted its position in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,700 shares of the bank’s stock after buying an additional 3,100 shares during the period. Victory Capital Management Inc.’s holdings in First Mid Bancshares were worth $1,204,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FMBH. New York State Teachers Retirement System bought a new stake in shares of First Mid Bancshares during the fourth quarter worth about $76,000. Quantbot Technologies LP bought a new stake in shares of First Mid Bancshares during the third quarter worth about $84,000. PDT Partners LLC bought a new stake in shares of First Mid Bancshares during the third quarter worth about $203,000. Centiva Capital LP bought a new stake in shares of First Mid Bancshares during the third quarter worth about $213,000. Finally, BNP Paribas Financial Markets increased its position in shares of First Mid Bancshares by 33.6% during the third quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank’s stock worth $233,000 after acquiring an additional 1,510 shares in the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.

Analyst Upgrades and Downgrades

FMBH has been the subject of a number of recent analyst reports. Stephens reaffirmed an “equal weight” rating and issued a $43.00 price objective on shares of First Mid Bancshares in a research report on Friday, January 24th. Hovde Group reduced their price objective on shares of First Mid Bancshares from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of First Mid Bancshares from $42.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $45.00.

First Mid Bancshares Stock Up 0.6 %

First Mid Bancshares stock opened at $35.55 on Thursday. First Mid Bancshares, Inc. has a twelve month low of $28.86 and a twelve month high of $43.86. The firm has a 50 day moving average price of $37.24 and a 200-day moving average price of $38.63. The company has a market capitalization of $852.56 million, a P/E ratio of 10.81 and a beta of 0.88. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41.

First Mid Bancshares (NASDAQ:FMBH) last released its earnings results on Thursday, January 23rd. The bank reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. As a group, equities analysts predict that First Mid Bancshares, Inc. will post 3.61 EPS for the current year.

First Mid Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Thursday, February 13th. First Mid Bancshares’s dividend payout ratio is currently 29.18%.

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.