Charles Schwab Investment Management Inc. Purchases 1,096 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Charles Schwab Investment Management Inc. grew its position in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 176,350 shares of the bank’s stock after purchasing an additional 1,096 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in First Mid Bancshares were worth $6,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of FMBH. New York State Teachers Retirement System bought a new stake in shares of First Mid Bancshares during the 4th quarter valued at $76,000. Quantbot Technologies LP purchased a new stake in First Mid Bancshares in the 3rd quarter worth $84,000. PDT Partners LLC bought a new stake in First Mid Bancshares during the third quarter valued at about $203,000. Centiva Capital LP purchased a new position in shares of First Mid Bancshares in the third quarter valued at about $213,000. Finally, BNP Paribas Financial Markets lifted its position in shares of First Mid Bancshares by 33.6% in the third quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank’s stock valued at $233,000 after acquiring an additional 1,510 shares in the last quarter. 47.57% of the stock is owned by hedge funds and other institutional investors.

First Mid Bancshares Price Performance

Shares of First Mid Bancshares stock opened at $35.99 on Tuesday. The firm has a market cap of $863.11 million, a PE ratio of 10.94 and a beta of 0.88. The stock has a 50 day moving average of $37.26 and a 200 day moving average of $38.53. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. First Mid Bancshares, Inc. has a 12 month low of $28.86 and a 12 month high of $43.86.

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

First Mid Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.67%. First Mid Bancshares’s payout ratio is currently 29.18%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FMBH shares. Stephens reissued an “equal weight” rating and set a $43.00 target price on shares of First Mid Bancshares in a research note on Friday, January 24th. Keefe, Bruyette & Woods lifted their price objective on shares of First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Hovde Group lowered their target price on shares of First Mid Bancshares from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, First Mid Bancshares has an average rating of “Hold” and an average price target of $45.00.

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.