UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 12.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 18,959 shares of the bank’s stock after purchasing an additional 2,028 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.08% of First Mid Bancshares worth $738,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FMBH. CWM LLC lifted its stake 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 buying an additional 685 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of First Mid Bancshares by 7.1% in 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 acquiring an additional 7,849 shares during the period. Rhumbline Advisers raised its position in First Mid Bancshares by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 33,272 shares of the bank’s stock valued at $1,094,000 after purchasing an additional 1,049 shares during the last quarter. Victory Capital Management Inc. boosted its stake in First Mid Bancshares by 2.2% during the 2nd quarter. Victory Capital Management Inc. now owns 30,350 shares of the bank’s stock worth $998,000 after purchasing an additional 650 shares during the period. Finally, Choreo LLC grew its position in First Mid Bancshares by 17.9% during the 2nd quarter. Choreo LLC now owns 7,568 shares of the bank’s stock worth $246,000 after purchasing an additional 1,149 shares during the last quarter. 47.57% of the stock is owned by institutional investors and hedge funds.

First Mid Bancshares Trading Down 1.2 %

NASDAQ FMBH opened at $37.55 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $897.90 million, a P/E ratio of 11.55 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 firm has a 50-day moving average price of $40.56 and a 200 day moving average price of $37.76.

First Mid Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, November 14th. First Mid Bancshares’s dividend payout ratio (DPR) is 29.54%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their target price on shares of First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens downgraded First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 9th. DA Davidson cut First Mid Bancshares from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $44.00 to $47.00 in a research report on Tuesday, November 12th. Finally, Piper Sandler boosted their target price on First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Three analysts have rated the stock with a hold rating and three 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 an average price target of $42.50.

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.