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

JPMorgan Chase & Co. boosted its holdings in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) by 51.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 202,039 shares of the bank's stock after acquiring an additional 68,907 shares during the period. JPMorgan Chase & Co. owned 0.84% of First Mid Bancshares worth $7,439,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FMBH. Franklin Resources Inc. acquired a new stake in shares of First Mid Bancshares during the third quarter worth $566,000. Barclays PLC grew its position in shares of First Mid Bancshares by 327.6% during the 3rd quarter. Barclays PLC now owns 34,347 shares of the bank's stock worth $1,337,000 after buying an additional 26,315 shares during the period. Prudential Financial Inc. increased its stake in shares of First Mid Bancshares by 27.6% in the 4th 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 during the last quarter. Intech Investment Management LLC acquired a new stake in shares of First Mid Bancshares in the 4th quarter valued at approximately $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 3rd 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 acquiring an additional 2,028 shares during the period. Institutional investors own 47.57% of the company's stock.

Analyst Upgrades and Downgrades

FMBH has been the subject of several recent analyst reports. Hovde Group lowered 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 research note on Friday, March 14th. Stephens restated an "equal weight" rating and issued a $43.00 price objective on shares of First Mid Bancshares in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, First Mid Bancshares currently has a consensus rating of "Hold" and an average target price of $45.00.

First Mid Bancshares Stock Up 3.7 %

NASDAQ FMBH traded up $1.19 during trading hours on Tuesday, reaching $33.29. 55,879 shares of the company's stock were exchanged, compared to its average volume of 60,632. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $798.36 million, a price-to-earnings ratio of 10.12 and a beta of 0.85. The company's 50-day moving average is $35.01 and its two-hundred day moving average is $37.62. First Mid Bancshares, Inc. has a one year low of $27.58 and a one year high of $43.86.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.05. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. On average, analysts forecast that First Mid Bancshares, Inc. will post 3.61 EPS for the current fiscal year.

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.