Boston Partners cut its holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH – Free Report) by 13.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,590 shares of the bank’s stock after selling 7,985 shares during the quarter. Boston Partners owned approximately 0.26% of First Mid Bancshares worth $1,397,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of FMBH. Lazard Asset Management LLC purchased a new position in First Mid Bancshares during the second quarter valued at $29,000. FMR LLC raised its holdings in First Mid Bancshares by 131.4% in the first quarter. FMR LLC now owns 1,259 shares of the bank’s stock worth $34,000 after buying an additional 715 shares during the last quarter. US Bancorp DE grew its holdings in shares of First Mid Bancshares by 310.0% during the second quarter. US Bancorp DE now owns 1,435 shares of the bank’s stock valued at $35,000 after buying an additional 1,085 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of First Mid Bancshares by 91.7% during the second quarter. Royal Bank of Canada now owns 1,999 shares of the bank’s stock valued at $48,000 after buying an additional 956 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in First Mid Bancshares by 311.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,405 shares of the bank’s stock valued at $77,000 after purchasing an additional 1,820 shares during the last quarter. 38.12% of the stock is currently owned by institutional investors.
First Mid Bancshares Price Performance
Shares of NASDAQ:FMBH opened at $30.76 on Wednesday. The firm has a market cap of $733.32 million, a price-to-earnings ratio of 9.70 and a beta of 0.88. The firm has a fifty day moving average price of $33.12 and a 200 day moving average price of $30.06. First Mid Bancshares, Inc. has a fifty-two week low of $21.77 and a fifty-two week high of $35.83. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.90 and a current ratio of 0.90.
First Mid Bancshares Announces Dividend
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Raymond James increased their price objective on First Mid Bancshares from $34.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Stephens lowered their price objective on shares of First Mid Bancshares from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 30th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.50.
Insiders Place Their Bets
In other news, Director Todd J. James sold 12,145 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $30.57, for a total transaction of $371,272.65. Following the completion of the sale, the director now directly owns 250 shares of the company’s stock, valued at $7,642.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other First Mid Bancshares news, CEO Clay M. Dean sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $30.74, for a total value of $30,740.00. Following the completion of the sale, the chief executive officer now directly owns 10,058 shares in the company, valued at approximately $309,182.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Todd J. James sold 12,145 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $30.57, for a total value of $371,272.65. Following the transaction, the director now owns 250 shares in the company, valued at approximately $7,642.50. The disclosure for this sale can be found here. Insiders own 7.70% of the company’s stock.
About First Mid Bancshares
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.
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