Victory Capital Management Inc. Trims Position in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Victory Capital Management Inc. trimmed its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,600 shares of the bank’s stock after selling 750 shares during the period. Victory Capital Management Inc. owned approximately 0.12% of First Mid Bancshares worth $1,152,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CWM LLC boosted its holdings in First Mid Bancshares by 344.2% in the second quarter. CWM LLC now owns 884 shares of the bank’s stock valued at $29,000 after purchasing an additional 685 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of First Mid Bancshares in the first quarter worth about $29,000. Rhumbline Advisers grew its holdings in First Mid Bancshares by 3.3% during the second quarter. Rhumbline Advisers now owns 33,272 shares of the bank’s stock worth $1,094,000 after acquiring an additional 1,049 shares during the period. Choreo LLC raised its position in First Mid Bancshares by 17.9% during the second quarter. Choreo LLC now owns 7,568 shares of the bank’s stock valued at $246,000 after acquiring an additional 1,149 shares in the last quarter. Finally, Creative Planning lifted its holdings in First Mid Bancshares by 2.1% in the second quarter. Creative Planning now owns 106,397 shares of the bank’s stock valued at $3,498,000 after acquiring an additional 2,186 shares during the period. 47.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Piper Sandler raised their price objective on shares of First Mid Bancshares from $46.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Stephens raised their price target on shares of First Mid Bancshares from $40.00 to $43.00 and gave the company 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 upped their price objective for the stock from $44.00 to $47.00 in a research report on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods cut First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 target price on the stock. in a research report on Wednesday, October 2nd. Two investment 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 company presently has an average rating of “Moderate Buy” and an average price target of $42.00.

First Mid Bancshares Price Performance

Shares of NASDAQ FMBH opened at $42.27 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a fifty day moving average of $39.50 and a 200 day moving average of $36.72. The firm has a market cap of $1.01 billion, a PE ratio of 13.01 and a beta of 0.89. 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 business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.27%. First Mid Bancshares’s dividend payout ratio is currently 29.54%.

First Mid Bancshares Company 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.