Teacher Retirement System of Texas Buys 15,679 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Teacher Retirement System of Texas boosted its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 96.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,898 shares of the bank’s stock after purchasing an additional 15,679 shares during the period. Teacher Retirement System of Texas owned about 0.13% of First Mid Bancshares worth $1,174,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of FMBH. Franklin Resources Inc. purchased a new position in shares of First Mid Bancshares during the 3rd quarter valued at about $566,000. Barclays PLC lifted its holdings in First Mid Bancshares by 327.6% during the third quarter. Barclays PLC now owns 34,347 shares of the bank’s stock valued at $1,337,000 after purchasing an additional 26,315 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of First Mid Bancshares by 12.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,959 shares of the bank’s stock worth $738,000 after purchasing an additional 2,028 shares during the period. JPMorgan Chase & Co. boosted its position in shares of First Mid Bancshares by 24.1% in the third quarter. JPMorgan Chase & Co. now owns 133,132 shares of the bank’s stock worth $5,180,000 after purchasing an additional 25,855 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of First Mid Bancshares in the fourth quarter worth $344,000. Institutional investors own 47.57% of the company’s stock.

First Mid Bancshares Trading Down 2.8 %

Shares of FMBH stock opened at $35.02 on Friday. 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 market capitalization of $839.85 million, a price-to-earnings ratio of 10.64 and a beta of 0.88. First Mid Bancshares, Inc. has a 12-month low of $28.86 and a 12-month high of $43.86. The stock’s 50-day moving average price is $37.18 and its 200-day moving average price is $38.45.

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

First Mid Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, February 13th. This represents a $0.96 annualized dividend and a yield of 2.74%. First Mid Bancshares’s dividend payout ratio (DPR) is currently 29.18%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Hovde Group dropped their target price on shares of First Mid Bancshares from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Friday, March 14th. Keefe, Bruyette & Woods increased their target price on First Mid Bancshares from $42.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Stephens reissued an “equal weight” rating and issued a $43.00 price target on shares of First Mid Bancshares in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.