First Mid Bancshares, Inc. (NASDAQ:FMBH) Stock Holdings Trimmed by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 4.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 221,605 shares of the bank’s stock after selling 10,917 shares during the period. The Manufacturers Life Insurance Company owned about 0.93% of First Mid Bancshares worth $8,623,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in First Mid Bancshares by 7.1% during the first quarter. Vanguard Group Inc. now owns 1,292,218 shares of the bank’s stock worth $42,230,000 after purchasing an additional 85,434 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of First Mid Bancshares by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 778,135 shares of the bank’s stock worth $25,584,000 after buying an additional 36,769 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of First Mid Bancshares by 23.7% in the 2nd quarter. American Century Companies Inc. now owns 340,343 shares of the bank’s stock valued at $11,190,000 after buying an additional 65,314 shares during the period. Bank of New York Mellon Corp grew its position in shares of First Mid Bancshares by 7.1% during 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 buying an additional 7,849 shares during the last quarter. Finally, Creative Planning raised 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 during the period. Institutional investors own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FMBH. Piper Sandler increased their price target on First Mid Bancshares from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Stephens increased their target price on First Mid Bancshares from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. DA Davidson downgraded shares of 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 report on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods downgraded shares of First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 price objective on the stock. in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

First Mid Bancshares Stock Down 1.8 %

First Mid Bancshares stock opened at $41.54 on Wednesday. The company’s 50-day moving average price is $39.74 and its two-hundred day moving average price is $37.04. The stock has a market cap of $993.22 million, a price-to-earnings ratio of 12.78 and a beta of 0.91. First Mid Bancshares, Inc. has a 52 week low of $28.86 and a 52 week high of $43.86. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.96 annualized dividend and a yield of 2.31%. 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.