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

Barclays PLC increased its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 327.6% during the 3rd quarter, Holdings Channel reports. The fund owned 34,347 shares of the bank’s stock after acquiring an additional 26,315 shares during the period. Barclays PLC’s holdings in First Mid Bancshares were worth $1,337,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in First Mid Bancshares by 5.0% during 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. Wellington Management Group LLP boosted its stake in First Mid Bancshares by 7.3% during the third quarter. Wellington Management Group LLP now owns 387,926 shares of the bank’s stock worth $15,094,000 after acquiring an additional 26,560 shares in the last quarter. American Century Companies Inc. boosted its stake in First Mid Bancshares by 23.7% during the second quarter. American Century Companies Inc. now owns 340,343 shares of the bank’s stock worth $11,190,000 after acquiring an additional 65,314 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in 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 acquiring an additional 7,849 shares in the last quarter. Finally, Creative Planning boosted its stake in 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 acquiring an additional 2,186 shares in the last quarter. 47.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

First Mid Bancshares Stock Performance

Shares of FMBH stock opened at $34.59 on Monday. The firm has a 50-day moving average of $39.82 and a 200-day moving average of $38.49. The company has a market cap of $827.12 million, a P/E ratio of 10.64 and a beta of 0.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. First Mid Bancshares, Inc. has a one year low of $28.86 and a one year high of $43.86.

First Mid Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were issued a $0.24 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.96 annualized dividend and a dividend yield of 2.78%. First Mid Bancshares’s dividend payout ratio is currently 29.54%.

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.