First Mid Bancshares, Inc. (NASDAQ:FMBH) Director Buys $39,870.00 in Stock

First Mid Bancshares, Inc. (NASDAQ:FMBH) Director James Edwin Zimmer acquired 1,000 shares of First Mid Bancshares stock in a transaction on Thursday, December 19th. The shares were bought at an average price of $39.87 per share, with a total value of $39,870.00. Following the completion of the transaction, the director now directly 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 legal filing with the SEC, which is available at this hyperlink.

First Mid Bancshares Trading Down 1.4 %

FMBH opened at $36.37 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. The company’s 50 day simple moving average is $39.61 and its two-hundred day simple moving average is $38.53. The firm has a market capitalization of $869.68 million, a price-to-earnings ratio of 11.19 and a beta of 0.93. First Mid Bancshares, Inc. has a 1-year low of $28.86 and a 1-year high of $43.86.

First Mid Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend was Thursday, November 14th. First Mid Bancshares’s dividend payout ratio (DPR) is currently 29.54%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FMBH. Piper Sandler upped their price target on shares of First Mid Bancshares from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. DA Davidson cut First Mid Bancshares from a “buy” rating to a “neutral” rating and increased their target price for the company from $44.00 to $47.00 in a report on Tuesday, November 12th. Keefe, Bruyette & Woods lifted their price target on First Mid Bancshares from $42.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Stephens cut First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, First Mid Bancshares presently has an average rating of “Moderate Buy” and an average target price of $42.50.

Institutional Trading of First Mid Bancshares

Several large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in shares of First Mid Bancshares by 2.2% during the 2nd quarter. Victory Capital Management Inc. now owns 30,350 shares of the bank’s stock valued at $998,000 after acquiring an additional 650 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in First Mid Bancshares by 1.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 88,910 shares of the bank’s stock worth $3,459,000 after purchasing an additional 900 shares during the period. Rhumbline Advisers boosted its holdings in First Mid Bancshares by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 33,272 shares of the bank’s stock valued at $1,094,000 after purchasing an additional 1,049 shares during the last quarter. Choreo LLC grew its stake in shares of First Mid Bancshares by 17.9% in the 2nd quarter. Choreo LLC now owns 7,568 shares of the bank’s stock valued at $246,000 after buying an additional 1,149 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of First Mid Bancshares by 33.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank’s stock worth $233,000 after buying an additional 1,510 shares during the last quarter. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

About First Mid Bancshares

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.