American Century Companies Inc. Purchases 22,253 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Posted by Defense World Staff on Sep 2nd, 2023

American Century Companies Inc. lifted its holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH – Free Report) by 4.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 488,138 shares of the bank’s stock after acquiring an additional 22,253 shares during the period. American Century Companies Inc. owned approximately 2.38% of First Mid Bancshares worth $13,287,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. lifted its stake in First Mid Bancshares by 2.7% in the third quarter. BlackRock Inc. now owns 1,265,045 shares of the bank’s stock valued at $40,445,000 after buying an additional 33,441 shares during the period. Vanguard Group Inc. grew its holdings in First Mid Bancshares by 9.1% in the first quarter. Vanguard Group Inc. now owns 933,700 shares of the bank’s stock worth $35,938,000 after purchasing an additional 77,601 shares during the period. Dimensional Fund Advisors LP increased its stake in First Mid Bancshares by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 563,386 shares of the bank’s stock valued at $18,074,000 after purchasing an additional 19,419 shares in the last quarter. State Street Corp increased its stake in First Mid Bancshares by 4.8% in the third quarter. State Street Corp now owns 374,465 shares of the bank’s stock valued at $11,972,000 after purchasing an additional 17,171 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of First Mid Bancshares by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 328,250 shares of the bank’s stock valued at $10,530,000 after purchasing an additional 15,067 shares during the period. 38.12% of the stock is owned by institutional investors and hedge funds.

First Mid Bancshares Stock Up 3.4 %

FMBH stock opened at $28.91 on Friday. The stock’s 50 day moving average is $27.80 and its 200-day moving average is $26.93. First Mid Bancshares, Inc. has a twelve month low of $21.77 and a twelve month high of $37.22. The firm has a market capitalization of $593.81 million, a PE ratio of 7.99 and a beta of 0.86. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.71.

First Mid Bancshares (NASDAQ:FMBH – Get Free Report) last issued its quarterly earnings data on Thursday, July 27th. The bank reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.09. First Mid Bancshares had a return on equity of 11.91% and a net margin of 22.92%. The business had revenue of $61.85 million for the quarter, compared to analysts’ expectations of $61.77 million. Sell-side analysts expect that First Mid Bancshares, Inc. will post 3.12 EPS for the current fiscal year.

First Mid Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 14th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.18%. The ex-dividend date was Friday, August 11th. First Mid Bancshares’s dividend payout ratio (DPR) is presently 25.41%.

Analyst Ratings Changes

A number of analysts recently commented on the company. StockNews.com assumed coverage on First Mid Bancshares in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Piper Sandler boosted their price objective on First Mid Bancshares from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, August 16th. Finally, Stephens increased their target price on First Mid Bancshares from $32.00 to $34.00 in a report on Friday, July 28th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

Get Our Latest Analysis on FMBH

First Mid Bancshares Profile

(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; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.