Teacher Retirement System of Texas Acquires 15,679 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Teacher Retirement System of Texas boosted its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 96.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 31,898 shares of the bank’s stock after acquiring an additional 15,679 shares during the quarter. Teacher Retirement System of Texas’ holdings in First Mid Bancshares were worth $1,174,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FMBH. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of First Mid Bancshares by 1.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 88,910 shares of the bank’s stock worth $3,459,000 after purchasing an additional 900 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in First Mid Bancshares by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 176,350 shares of the bank’s stock valued at $6,493,000 after buying an additional 1,096 shares during the period. BNP Paribas Financial Markets grew its stake in First Mid Bancshares by 33.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank’s stock worth $233,000 after acquiring an additional 1,510 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of First Mid Bancshares by 12.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,959 shares of the bank’s stock worth $738,000 after acquiring an additional 2,028 shares during the period. Finally, New York State Teachers Retirement System bought a new stake in shares of First Mid Bancshares during the fourth quarter valued at approximately $76,000. Institutional investors own 47.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on FMBH shares. Stephens reissued an “equal weight” rating and issued a $43.00 price objective on shares of First Mid Bancshares in a research note on Friday, January 24th. 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. Finally, Hovde Group decreased their price objective on First Mid Bancshares from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.00.

First Mid Bancshares Stock Down 2.8 %

FMBH stock opened at $35.02 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41. First Mid Bancshares, Inc. has a 52 week low of $28.86 and a 52 week high of $43.86. The stock has a market capitalization of $839.85 million, a PE ratio of 10.64 and a beta of 0.88. The firm has a 50 day moving average of $37.18 and a 200 day moving average of $38.45.

First Mid Bancshares (NASDAQ:FMBH) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $0.87 EPS for the quarter, topping the consensus estimate of $0.82 by $0.05. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. Sell-side 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Thursday, February 13th. First Mid Bancshares’s payout ratio is 29.18%.

First Mid Bancshares Company 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.