Invesco Ltd. Sells 1,053 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH)

Invesco Ltd. lessened its position in First Mid Bancshares, Inc. (NASDAQ:FMBH) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 47,514 shares of the bank’s stock after selling 1,053 shares during the period. Invesco Ltd.’s holdings in First Mid Bancshares were worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FMBH. Federated Hermes Inc. increased its stake in shares of First Mid Bancshares by 1,226.4% in the fourth quarter. Federated Hermes Inc. now owns 955 shares of the bank’s stock worth $35,000 after purchasing an additional 883 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of First Mid Bancshares by 5.7% during the fourth quarter. Wells Fargo & Company MN now owns 68,793 shares of the bank’s stock worth $2,533,000 after buying an additional 3,723 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of First Mid Bancshares in the fourth quarter valued at approximately $434,000. Wellington Management Group LLP grew its stake in shares of First Mid Bancshares by 3.8% in the fourth quarter. Wellington Management Group LLP now owns 402,826 shares of the bank’s stock worth $14,832,000 after acquiring an additional 14,900 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in First Mid Bancshares by 51.8% during the fourth quarter. JPMorgan Chase & Co. now owns 202,039 shares of the bank’s stock worth $7,439,000 after acquiring an additional 68,907 shares during the period. 47.57% of the stock is currently owned by institutional investors.

First Mid Bancshares Price Performance

Shares of First Mid Bancshares stock opened at $34.02 on Wednesday. First Mid Bancshares, Inc. has a twelve month low of $27.58 and a twelve month high of $43.86. 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 firm has a market cap of $815.87 million, a P/E ratio of 10.34 and a beta of 0.85. The firm’s 50-day simple moving average is $34.53 and its 200-day simple moving average is $37.49.

Analyst Ratings Changes

FMBH has been the topic of several research analyst reports. Hovde Group decreased their price target on shares of 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. Stephens restated an “equal weight” rating and set a $43.00 price target on shares of First Mid Bancshares in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $45.00.

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.