First Mid Bancshares, Inc. (NASDAQ:FMBH) Stock Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 51.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 202,039 shares of the bank's stock after purchasing an additional 68,907 shares during the period. JPMorgan Chase & Co. owned approximately 0.84% of First Mid Bancshares worth $7,439,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FMBH. New York State Teachers Retirement System acquired a new stake in shares of First Mid Bancshares during the 4th quarter valued at approximately $76,000. KLP Kapitalforvaltning AS acquired a new position in First Mid Bancshares during the fourth quarter worth about $155,000. Intech Investment Management LLC purchased a new stake in First Mid Bancshares in the 4th quarter valued at approximately $344,000. Prudential Financial Inc. lifted its position in shares of First Mid Bancshares by 27.6% in the fourth quarter. Prudential Financial Inc. now owns 10,172 shares of the bank's stock valued at $375,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in First Mid Bancshares in the 4th quarter valued at about $488,000. Hedge funds and other institutional investors own 47.57% of the company's stock.

First Mid Bancshares Stock Up 0.7 %

FMBH stock traded up $0.23 during midday trading on Friday, hitting $32.32. 54,705 shares of the company's stock were exchanged, compared to its average volume of 60,601. First Mid Bancshares, Inc. has a 12-month low of $27.58 and a 12-month high of $43.86. 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 stock has a market capitalization of $775.10 million, a price-to-earnings ratio of 9.82 and a beta of 0.85. The firm has a 50 day moving average price of $35.24 and a 200-day moving average price of $37.68.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last announced its quarterly earnings data 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%. On average, analysts anticipate 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. Shareholders of record on Thursday, February 13th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.97%. First Mid Bancshares's dividend payout ratio (DPR) is 29.18%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Stephens reiterated an "equal weight" rating and issued a $43.00 price target on shares of First Mid Bancshares in a report on Friday, January 24th. Hovde Group reduced their target price on First Mid Bancshares from $48.00 to $43.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, First Mid Bancshares currently has an average rating of "Hold" and an average price target of $45.00.

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.