JPMorgan Chase & Co. Has $5.18 Million Position in First Mid Bancshares, Inc. (NASDAQ:FMBH)

JPMorgan Chase & Co. boosted its holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 24.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,132 shares of the bank's stock after purchasing an additional 25,855 shares during the quarter. JPMorgan Chase & Co. owned 0.56% of First Mid Bancshares worth $5,180,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of First Mid Bancshares by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 778,135 shares of the bank's stock valued at $25,584,000 after buying an additional 36,769 shares during the period. Wellington Management Group LLP boosted its position in shares of First Mid Bancshares by 7.3% during the 3rd quarter. Wellington Management Group LLP now owns 387,926 shares of the bank's stock worth $15,094,000 after acquiring an additional 26,560 shares in the last quarter. American Century Companies Inc. lifted its position in shares of First Mid Bancshares by 23.7% during the 2nd quarter. American Century Companies Inc. now owns 340,343 shares of the bank's stock worth $11,190,000 after buying an additional 65,314 shares during the last quarter. Creative Planning boosted its stake in First Mid Bancshares by 2.1% in the second quarter. Creative Planning now owns 106,397 shares of the bank's stock valued at $3,498,000 after buying an additional 2,186 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in 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 valued at $3,459,000 after acquiring an additional 900 shares during the last quarter. Institutional investors own 47.57% of the company's stock.

First Mid Bancshares Trading Up 0.9 %

FMBH traded up $0.33 during trading on Friday, reaching $36.70. 46,163 shares of the company's stock were exchanged, compared to its average volume of 48,551. 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, Inc. has a one year low of $28.86 and a one year high of $43.86. The firm has a fifty day moving average price of $39.42 and a two-hundred day moving average price of $38.54. The stock has a market capitalization of $877.50 million, a PE ratio of 11.29 and a beta of 0.93.

First Mid Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.96 dividend on an annualized basis and a yield of 2.62%. First Mid Bancshares's payout ratio is 29.54%.

Insider Buying and Selling

In other news, Director James Edwin Zimmer bought 1,000 shares of the firm's stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of $39.87 per share, with a total value of $39,870.00. Following the transaction, the director now owns 4,050 shares of the company's stock, valued at $161,473.50. This trade represents a 32.79 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.