Ballentine Partners LLC Purchases Shares of 1,879,711 First Mid Bancshares, Inc. (NASDAQ:FMBH)

Ballentine Partners LLC acquired a new stake in First Mid Bancshares, Inc. (NASDAQ:FMBHFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,879,711 shares of the bank’s stock, valued at approximately $65,151,000. First Mid Bancshares makes up approximately 1.3% of Ballentine Partners LLC’s holdings, making the stock its 11th biggest position. Ballentine Partners LLC owned 0.08% of First Mid Bancshares as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its position in First Mid Bancshares by 4.2% in the 1st quarter. Bank of New York Mellon Corp now owns 92,671 shares of the bank’s stock valued at $3,567,000 after buying an additional 3,765 shares during the last quarter. MetLife Investment Management LLC increased its holdings in First Mid Bancshares by 56.1% during the 1st quarter. MetLife Investment Management LLC now owns 9,423 shares of the bank’s stock worth $363,000 after purchasing an additional 3,387 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in First Mid Bancshares by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 464,274 shares of the bank’s stock valued at $17,870,000 after acquiring an additional 21,891 shares in the last quarter. Sei Investments Co. increased its stake in First Mid Bancshares by 14.4% in the 1st quarter. Sei Investments Co. now owns 41,461 shares of the bank’s stock valued at $1,596,000 after buying an additional 5,206 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in First Mid Bancshares by 9.1% in the first quarter. Vanguard Group Inc. now owns 933,700 shares of the bank’s stock valued at $35,938,000 after acquiring an additional 77,601 shares during the last quarter. Institutional investors own 47.57% of the company’s stock.

First Mid Bancshares Price Performance

Shares of NASDAQ FMBH traded down $0.14 during mid-day trading on Wednesday, hitting $31.06. 37,610 shares of the stock traded hands, compared to its average volume of 57,016. First Mid Bancshares, Inc. has a twelve month low of $21.77 and a twelve month high of $35.83. The firm has a 50 day simple moving average of $31.11 and a two-hundred day simple moving average of $30.64. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $742.02 million, a PE ratio of 9.81 and a beta of 0.87.

First Mid Bancshares (NASDAQ:FMBHGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.11. The company had revenue of $79.23 million for the quarter, compared to analysts’ expectations of $77.10 million. First Mid Bancshares had a return on equity of 10.71% and a net margin of 17.82%. As a group, equities research analysts forecast that First Mid Bancshares, Inc. will post 3.28 EPS for the current fiscal year.

First Mid Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $0.23 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.92 dividend on an annualized basis and a yield of 2.96%. First Mid Bancshares’s payout ratio is 29.02%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FMBH. Stephens reduced their target price on shares of First Mid Bancshares from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Tuesday, January 30th. Raymond James raised their price objective on First Mid Bancshares from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $36.50.

View Our Latest Stock Analysis on FMBH

About First Mid Bancshares

(Free Report)

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.

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Institutional Ownership by Quarter for First Mid Bancshares (NASDAQ:FMBH)

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