First Mid Bancshares, Inc. (NASDAQ:FMBH) CEO Clay M. Dean Sells 400 Shares

First Mid Bancshares, Inc. (NASDAQ:FMBH) CEO Clay M. Dean sold 400 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $37.78, for a total value of $15,112.00. Following the completion of the sale, the chief executive officer now directly owns 11,250 shares in the company, valued at approximately $425,025. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

First Mid Bancshares Stock Performance

FMBH stock traded up $0.32 during mid-day trading on Tuesday, reaching $37.82. 36,234 shares of the stock traded hands, compared to its average volume of 57,162. The business has a 50-day moving average of $38.78 and a two-hundred day moving average of $35.67. The firm has a market capitalization of $904.09 million, a PE ratio of 11.60 and a beta of 0.89. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. First Mid Bancshares, Inc. has a 52 week low of $28.86 and a 52 week high of $41.02.

First Mid Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Thursday, November 14th. First Mid Bancshares’s dividend payout ratio (DPR) is currently 29.54%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods downgraded shares of First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 target price for the company. in a research note on Wednesday, October 2nd. Piper Sandler upped their price objective on First Mid Bancshares from $46.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Stephens increased their price target on First Mid Bancshares from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FMBH. EntryPoint Capital LLC acquired a new position in shares of First Mid Bancshares in the first quarter valued at approximately $29,000. CWM LLC raised its stake in shares of First Mid Bancshares by 344.2% in the 2nd quarter. CWM LLC now owns 884 shares of the bank’s stock valued at $29,000 after purchasing an additional 685 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in shares of First Mid Bancshares in the first quarter valued at about $208,000. Choreo LLC grew its holdings in shares of First Mid Bancshares by 17.9% during the second quarter. Choreo LLC now owns 7,568 shares of the bank’s stock worth $246,000 after buying an additional 1,149 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in First Mid Bancshares by 84.7% during the first quarter. BNP Paribas Financial Markets now owns 10,774 shares of the bank’s stock worth $352,000 after acquiring an additional 4,941 shares in the last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.

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.