Victory Capital Management Inc. Boosts Stake in First Mid Bancshares, Inc. (NASDAQ:FMBH)

Victory Capital Management Inc. lifted its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,350 shares of the bank’s stock after acquiring an additional 650 shares during the quarter. Victory Capital Management Inc. owned 0.13% of First Mid Bancshares worth $998,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in First Mid Bancshares by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 1,292,218 shares of the bank’s stock worth $42,230,000 after purchasing an additional 85,434 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of First Mid Bancshares by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 678,953 shares of the bank’s stock worth $23,533,000 after buying an additional 34,401 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in First Mid Bancshares by 21.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 176,704 shares of the bank’s stock valued at $6,125,000 after acquiring an additional 31,164 shares in the last quarter. Wellington Management Group LLP boosted its stake in First Mid Bancshares by 5.9% during the 4th quarter. Wellington Management Group LLP now owns 294,666 shares of the bank’s stock valued at $10,213,000 after acquiring an additional 16,388 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in First Mid Bancshares by 29.3% during the 1st quarter. Russell Investments Group Ltd. now owns 67,127 shares of the bank’s stock worth $2,194,000 after acquiring an additional 15,227 shares in the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Hovde Group started coverage on shares of First Mid Bancshares in a research note on Wednesday, June 26th. They issued an “outperform” rating and a $35.00 target price on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.60.

First Mid Bancshares Stock Down 2.5 %

FMBH stock opened at $39.59 on Friday. The firm has a market cap of $946.04 million, a price-to-earnings ratio of 12.77 and a beta of 0.89. First Mid Bancshares, Inc. has a 1-year low of $25.73 and a 1-year high of $41.02. The firm has a fifty day moving average price of $38.48 and a two-hundred day moving average price of $33.90. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.91.

First Mid Bancshares (NASDAQ:FMBH) last announced its quarterly earnings data on Thursday, August 1st. The bank reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.05. The business had revenue of $79.19 million during the quarter, compared to the consensus estimate of $78.25 million. First Mid Bancshares had a net margin of 16.75% and a return on equity of 10.43%. Research analysts predict that First Mid Bancshares, Inc. will post 3.47 EPS for the current year.

First Mid Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, August 16th. This is a positive change from First Mid Bancshares’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 2.42%. First Mid Bancshares’s dividend payout ratio is 30.97%.

About First Mid Bancshares

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.