Charles Schwab Investment Management Inc. Purchases 1,096 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Charles Schwab Investment Management Inc. lifted its position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,350 shares of the bank’s stock after acquiring an additional 1,096 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.74% of First Mid Bancshares worth $6,493,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FMBH. New York State Teachers Retirement System bought a new position in First Mid Bancshares during the 4th quarter valued at about $76,000. Quantbot Technologies LP purchased a new position in shares of First Mid Bancshares during the third quarter valued at approximately $84,000. PDT Partners LLC purchased a new position in shares of First Mid Bancshares during the third quarter valued at approximately $203,000. Centiva Capital LP bought a new position in First Mid Bancshares during the third quarter valued at approximately $213,000. Finally, BNP Paribas Financial Markets boosted its holdings in First Mid Bancshares by 33.6% in the third quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank’s stock worth $233,000 after purchasing an additional 1,510 shares during the last quarter. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

First Mid Bancshares Stock Performance

Shares of NASDAQ FMBH opened at $35.99 on Tuesday. First Mid Bancshares, Inc. has a 12-month low of $28.86 and a 12-month high of $43.86. The firm has a market capitalization of $863.11 million, a price-to-earnings ratio of 10.94 and a beta of 0.88. 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 firm has a 50 day moving average of $37.26 and a 200 day moving average of $38.53.

First Mid Bancshares (NASDAQ:FMBH) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. On average, research analysts anticipate that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current year.

First Mid Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.67%. The ex-dividend date was Thursday, February 13th. First Mid Bancshares’s dividend payout ratio is presently 29.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted 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 research note on Wednesday, December 4th. Hovde Group cut their price objective on First Mid Bancshares from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Friday, March 14th. Finally, Stephens reiterated an “equal weight” rating and set a $43.00 price objective on shares of First Mid Bancshares in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.00.

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.