First Mid Bancshares, Inc. (NASDAQ:FMBH) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 17.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,252 shares of the bank’s stock after purchasing an additional 6,353 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.18% of First Mid Bancshares worth $1,683,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of 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 buying an additional 85,434 shares in the last quarter. American Century Companies Inc. grew its stake in First Mid Bancshares by 23.7% in the 2nd 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 during the period. Dimensional Fund Advisors LP grew its stake in 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 acquiring an additional 36,769 shares during the period. AQR Capital Management LLC raised its holdings in First Mid Bancshares by 106.4% in the 2nd quarter. AQR Capital Management LLC now owns 31,333 shares of the bank’s stock valued at $1,030,000 after acquiring an additional 16,150 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake 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 worth $3,881,000 after purchasing an additional 7,849 shares during the period. Institutional investors and hedge funds own 47.57% of the company’s stock.

First Mid Bancshares Price Performance

FMBH stock opened at $42.01 on Friday. The company has a market cap of $1.00 billion, a PE ratio of 12.92 and a beta of 0.89. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $39.63 and a two-hundred day moving average price of $36.86. First Mid Bancshares, Inc. has a 12-month low of $28.86 and a 12-month high of $43.86.

First Mid Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Thursday, November 14th. First Mid Bancshares’s dividend payout ratio (DPR) is presently 29.54%.

Analyst Ratings Changes

FMBH has been the subject of a number of recent analyst reports. Piper Sandler lifted their price objective on First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. DA Davidson cut First Mid Bancshares from a “buy” rating to a “neutral” rating and lifted their price target for the company from $44.00 to $47.00 in a report on Tuesday, November 12th. 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 for the company. in a research note on Wednesday, October 2nd. Finally, Stephens raised their target price on shares of First Mid Bancshares from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.00.

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.