First Mid Bancshares, Inc. $FMBH Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC lowered its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 2.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 442,350 shares of the bank’s stock after selling 12,947 shares during the quarter. GW&K Investment Management LLC’s holdings in First Mid Bancshares were worth $16,756,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FMBH. Federated Hermes Inc. boosted its stake in First Mid Bancshares by 17.4% in the 3rd quarter. Federated Hermes Inc. now owns 2,007 shares of the bank’s stock worth $76,000 after purchasing an additional 297 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of First Mid Bancshares by 2.3% during the second quarter. Teacher Retirement System of Texas now owns 24,002 shares of the bank’s stock worth $900,000 after purchasing an additional 537 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in First Mid Bancshares by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,566 shares of the bank’s stock valued at $473,000 after purchasing an additional 550 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in First Mid Bancshares by 8.8% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 8,008 shares of the bank’s stock valued at $303,000 after purchasing an additional 648 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in First Mid Bancshares by 0.8% during the second quarter. Russell Investments Group Ltd. now owns 84,392 shares of the bank’s stock valued at $3,164,000 after acquiring an additional 680 shares in the last quarter. 47.57% of the stock is owned by hedge funds and other institutional investors.

First Mid Bancshares Stock Performance

Shares of First Mid Bancshares stock opened at $40.16 on Friday. The firm has a market cap of $967.05 million, a PE ratio of 10.46 and a beta of 0.90. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.03. First Mid Bancshares, Inc. has a 52 week low of $27.58 and a 52 week high of $44.85. The business’s fifty day simple moving average is $41.77 and its 200-day simple moving average is $39.65.

First Mid Bancshares (NASDAQ:FMBH) last issued its quarterly earnings data on Thursday, January 29th. The bank reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. First Mid Bancshares had a return on equity of 10.44% and a net margin of 19.69%.The firm had revenue of $90.14 million during the quarter, compared to the consensus estimate of $67.86 million. Equities analysts forecast that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current year.

First Mid Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, February 12th. First Mid Bancshares’s dividend payout ratio (DPR) is currently 26.04%.

Insider Activity

In other news, CEO Clay M. Dean sold 1,099 shares of First Mid Bancshares stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $42.69, for a total value of $46,916.31. Following the completion of the transaction, the chief executive officer owned 9,624 shares in the company, valued at approximately $410,848.56. This trade represents a 10.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Bradley L. Beesley sold 6,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $44.00, for a total value of $264,000.00. Following the transaction, the executive vice president directly owned 12,378 shares of the company’s stock, valued at approximately $544,632. This represents a 32.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 7.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on FMBH. DA Davidson boosted their price target on First Mid Bancshares from $45.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of First Mid Bancshares in a research note on Monday, December 29th. Finally, Zacks Research cut First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.60.

First Mid Bancshares Company Profile

First Mid Bancshares, Inc (NASDAQ: FMBH), headquartered in Mattoon, Illinois, is a financial services holding company that offers a comprehensive suite of banking products and services through its main subsidiary, First Mid Bank & Trust. The company’s primary business activities include commercial and retail banking, mortgage origination and servicing, wealth management and trust administration, as well as treasury and cash management solutions.

Through its branch network, First Mid provides consumer deposit products such as checking and savings accounts, certificates of deposit and online banking services.