First Mid Bancshares, Inc. (NASDAQ:FMBH) Shares Sold by Endeavour Capital Advisors Inc.

Endeavour Capital Advisors Inc. trimmed its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) by 12.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 255,290 shares of the bank’s stock after selling 37,631 shares during the period. First Mid Bancshares comprises 3.0% of Endeavour Capital Advisors Inc.’s investment portfolio, making the stock its 13th biggest holding. Endeavour Capital Advisors Inc.’s holdings in First Mid Bancshares were worth $9,400,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its position in First Mid Bancshares by 51.8% in the fourth quarter. JPMorgan Chase & Co. now owns 202,039 shares of the bank’s stock worth $7,439,000 after acquiring an additional 68,907 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of First Mid Bancshares by 11.3% in the fourth quarter. American Century Companies Inc. now owns 451,057 shares of the bank’s stock valued at $16,608,000 after purchasing an additional 45,788 shares during the period. Vanguard Group Inc. boosted its holdings in First Mid Bancshares by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 1,309,240 shares of the bank’s stock worth $48,206,000 after buying an additional 31,231 shares in the last quarter. Wellington Management Group LLP increased its holdings in First Mid Bancshares by 7.3% in the third quarter. Wellington Management Group LLP now owns 387,926 shares of the bank’s stock valued at $15,094,000 after buying an additional 26,560 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of First Mid Bancshares by 327.6% in the 3rd quarter. Barclays PLC now owns 34,347 shares of the bank’s stock worth $1,337,000 after acquiring an additional 26,315 shares during the period. 47.57% of the stock is owned by institutional investors and hedge funds.

First Mid Bancshares Price Performance

NASDAQ:FMBH opened at $34.75 on Wednesday. First Mid Bancshares, Inc. has a 12-month low of $28.86 and a 12-month high of $43.86. The firm has a market cap of $833.37 million, a price-to-earnings ratio of 10.56 and a beta of 0.88. The company’s 50-day moving average is $37.09 and its two-hundred day moving average is $38.39. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41.

First Mid Bancshares (NASDAQ:FMBH) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.05. First Mid Bancshares had a return on equity of 10.10% and a net margin of 17.39%. Research analysts expect that First Mid Bancshares, Inc. will post 3.61 EPS for the current year.

First Mid Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.96 annualized dividend and a yield of 2.76%. First Mid Bancshares’s dividend payout ratio (DPR) is presently 29.18%.

Wall Street Analyst Weigh In

Several analysts have weighed in on FMBH shares. Hovde Group lowered their target price on First Mid Bancshares from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. Keefe, Bruyette & Woods lifted their target price on shares of 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, Stephens reiterated an “equal weight” rating and issued a $43.00 price target on shares of First Mid Bancshares in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, First Mid Bancshares currently has an average rating of “Hold” and an average target price of $45.00.

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.