UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in First Mid Bancshares, Inc. (NASDAQ:FMBH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 12.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,959 shares of the bank’s stock after buying an additional 2,028 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in First Mid Bancshares were worth $738,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FMBH. CWM LLC lifted its position in shares of First Mid Bancshares by 344.2% during the 2nd quarter. CWM LLC now owns 884 shares of the bank’s stock valued at $29,000 after acquiring an additional 685 shares during the period. Quantbot Technologies LP purchased a new position in First Mid Bancshares in the 3rd quarter valued at approximately $84,000. BNP Paribas Financial Markets raised its holdings in First Mid Bancshares by 33.6% during the third quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank’s stock worth $233,000 after purchasing an additional 1,510 shares during the last quarter. Choreo LLC boosted its position in First Mid Bancshares by 17.9% during the second quarter. Choreo LLC now owns 7,568 shares of the bank’s stock worth $246,000 after purchasing an additional 1,149 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. grew its holdings in First Mid Bancshares by 29.9% in the third quarter. CarsonAllaria Wealth Management Ltd. now owns 9,927 shares of the bank’s stock valued at $386,000 after purchasing an additional 2,285 shares during the last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FMBH. DA Davidson downgraded First Mid Bancshares from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $44.00 to $47.00 in a research note on Tuesday, November 12th. Stephens cut shares of First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods increased their price target on shares of First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Piper Sandler lifted their price objective on First Mid Bancshares from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.50.

First Mid Bancshares Trading Down 1.2 %

Shares of FMBH stock opened at $37.55 on Friday. The company has a market capitalization of $897.90 million, a price-to-earnings ratio of 11.55 and a beta of 0.91. 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 firm has a 50-day moving average price of $40.56 and a 200 day moving average price of $37.76. First Mid Bancshares, Inc. has a twelve month low of $28.86 and a twelve month high of $43.86.

First Mid Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, November 14th. First Mid Bancshares’s payout ratio is 29.54%.

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.