First Mid Bancshares, Inc. (NASDAQ:FMBH) Director James Edwin Zimmer Buys 1,000 Shares of Stock

First Mid Bancshares, Inc. (NASDAQ:FMBH) Director James Edwin Zimmer purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of $39.87 per share, with a total value of $39,870.00. Following the acquisition, the director now directly owns 4,050 shares in the company, valued at $161,473.50. This trade represents a 32.79 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

First Mid Bancshares Stock Up 3.5 %

FMBH stock opened at $36.23 on Wednesday. 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 stock has a market capitalization of $866.33 million, a P/E ratio of 11.15 and a beta of 0.93. First Mid Bancshares, Inc. has a fifty-two week low of $28.86 and a fifty-two week high of $43.86. The business has a 50-day moving average of $39.77 and a 200-day moving average of $38.51.

First Mid Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Thursday, November 14th. First Mid Bancshares’s dividend payout ratio (DPR) is currently 29.54%.

Institutional Trading of First Mid Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. acquired a new position in First Mid Bancshares during the third quarter worth $566,000. Barclays PLC boosted its stake 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 last quarter. SG Americas Securities LLC grew its holdings in shares of First Mid Bancshares by 44.6% in the 3rd quarter. SG Americas Securities LLC now owns 12,006 shares of the bank’s stock valued at $467,000 after acquiring an additional 3,703 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of First Mid Bancshares by 2.2% in the second 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in First Mid Bancshares by 12.0% during 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 worth $738,000 after acquiring an additional 2,028 shares in the last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.