Russell Investments Group Ltd. Sells 11,756 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Russell Investments Group Ltd. lowered its stake in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,956 shares of the bank's stock after selling 11,756 shares during the period. Russell Investments Group Ltd. owned 0.33% of First Mid Bancshares worth $2,870,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. New York State Teachers Retirement System acquired a new position in shares of First Mid Bancshares during the 4th quarter worth approximately $76,000. KLP Kapitalforvaltning AS bought a new position in First Mid Bancshares during the fourth quarter worth $155,000. Intech Investment Management LLC acquired a new position in shares of First Mid Bancshares in the fourth quarter valued at $344,000. Prudential Financial Inc. increased its holdings 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 purchasing an additional 2,200 shares during the last quarter. Finally, ExodusPoint Capital Management LP bought a new position in shares of First Mid Bancshares in the fourth quarter valued at about $434,000. Institutional investors and hedge funds own 47.57% of the company's stock.

First Mid Bancshares Stock Performance

NASDAQ FMBH traded up $0.63 during trading on Wednesday, reaching $33.92. The company's stock had a trading volume of 24,442 shares, compared to its average volume of 60,490. The firm has a 50 day moving average price of $35.01 and a 200 day moving average price of $37.62. First Mid Bancshares, Inc. has a 12 month low of $27.58 and a 12 month high of $43.86. The firm has a market capitalization of $813.47 million, a price-to-earnings ratio of 10.31 and a beta of 0.85. 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 - 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%. As a group, equities analysts anticipate that First Mid Bancshares, Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FMBH has been the topic of a number of research reports. Stephens reiterated an "equal weight" rating and issued a $43.00 price target on shares of First Mid Bancshares in a research note on Friday, January 24th. Hovde Group reduced 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.