Barclays PLC Buys 26,315 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Barclays PLC increased its position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 327.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,347 shares of the bank’s stock after buying an additional 26,315 shares during the quarter. Barclays PLC owned 0.14% of First Mid Bancshares worth $1,337,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FMBH. Dimensional Fund Advisors LP increased its holdings 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 valued at $25,584,000 after buying an additional 36,769 shares during the period. Wellington Management Group LLP increased its stake in First Mid Bancshares by 7.3% in the third quarter. Wellington Management Group LLP now owns 387,926 shares of the bank’s stock valued at $15,094,000 after acquiring an additional 26,560 shares during the period. American Century Companies Inc. raised its position in First Mid Bancshares by 23.7% in the second quarter. American Century Companies Inc. now owns 340,343 shares of the bank’s stock worth $11,190,000 after purchasing an additional 65,314 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in First Mid Bancshares by 7.1% during the second 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. Finally, Creative Planning boosted its holdings in First Mid Bancshares by 2.1% during the second quarter. Creative Planning now owns 106,397 shares of the bank’s stock valued at $3,498,000 after purchasing an additional 2,186 shares in the last quarter. 47.57% of the stock is currently owned by institutional investors.

First Mid Bancshares Stock Down 1.8 %

First Mid Bancshares stock opened at $36.99 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 company has a fifty day simple moving average of $40.34 and a 200 day simple moving average of $38.07. The company has a market cap of $884.50 million, a P/E ratio of 11.38 and a beta of 0.91. First Mid Bancshares, Inc. has a 1-year low of $28.86 and a 1-year high of $43.86.

First Mid Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were issued a $0.24 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.60%. First Mid Bancshares’s payout ratio is 29.54%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Piper Sandler lifted their price target on shares of First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods increased their price target 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. Stephens cut First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a report on Monday, December 9th. Finally, DA Davidson lowered First Mid Bancshares from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $44.00 to $47.00 in a research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

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.