JPMorgan Chase & Co. Has $7.44 Million Stock Holdings in First Mid Bancshares, Inc. (NASDAQ:FMBH)

JPMorgan Chase & Co. boosted its position in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 51.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 202,039 shares of the bank’s stock after purchasing an additional 68,907 shares during the period. JPMorgan Chase & Co. owned about 0.84% of First Mid Bancshares worth $7,439,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Franklin Resources Inc. acquired a new stake in shares of First Mid Bancshares in the third quarter valued at approximately $566,000. Barclays PLC lifted its holdings in First Mid Bancshares by 327.6% during the 3rd quarter. Barclays PLC now owns 34,347 shares of the bank’s stock valued at $1,337,000 after purchasing an additional 26,315 shares during the last quarter. Prudential Financial Inc. boosted its position in First Mid Bancshares by 27.6% during the fourth quarter. Prudential Financial Inc. now owns 10,172 shares of the bank’s stock worth $375,000 after purchasing an additional 2,200 shares during the period. Intech Investment Management LLC acquired a new position in shares of First Mid Bancshares in the fourth quarter valued at $344,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of First Mid Bancshares by 12.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,959 shares of the bank’s stock valued at $738,000 after purchasing an additional 2,028 shares during the period. Institutional investors own 47.57% of the company’s stock.

First Mid Bancshares Stock Up 0.6 %

NASDAQ FMBH opened at $32.09 on Thursday. The company has a market cap of $769.58 million, a price-to-earnings ratio of 9.75 and a beta of 0.85. First Mid Bancshares, Inc. has a 1-year low of $27.58 and a 1-year 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 company has a 50 day moving average of $35.50 and a 200-day moving average of $37.76.

First Mid Bancshares (NASDAQ:FMBH) last released its earnings results on Thursday, January 23rd. The bank reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities research analysts expect that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current fiscal year.

First Mid Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.99%. The ex-dividend date was Thursday, February 13th. First Mid Bancshares’s dividend payout ratio is currently 29.18%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Hovde Group reduced their target price on shares of First Mid Bancshares from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Friday, March 14th. Stephens restated 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company 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.