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

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

First Mid Bancshares Trading Up 1.5 %

Shares of First Mid Bancshares stock opened at $38.06 on Wednesday. The company has a market capitalization of $909.82 million, a P/E ratio of 11.64 and a beta of 0.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.91 and a current ratio of 0.91. The company has a fifty day moving average of $38.78 and a 200 day moving average of $35.67. First Mid Bancshares, Inc. has a fifty-two week low of $28.86 and a fifty-two week high of $41.02.

First Mid Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.52%. The ex-dividend date is Thursday, November 14th. First Mid Bancshares’s payout ratio is currently 29.54%.

Institutional Trading of First Mid Bancshares

Several hedge funds have recently bought and sold shares of FMBH. Victory Capital Management Inc. raised its position in First Mid Bancshares by 2.2% in the 2nd quarter. Victory Capital Management Inc. now owns 30,350 shares of the bank’s stock worth $998,000 after purchasing an additional 650 shares during the period. CWM LLC raised its position in First Mid Bancshares by 344.2% in the 2nd quarter. CWM LLC now owns 884 shares of the bank’s stock worth $29,000 after purchasing an additional 685 shares during the period. EntryPoint Capital LLC purchased a new stake in First Mid Bancshares in the 1st quarter worth about $29,000. Rhumbline Advisers raised its position in First Mid Bancshares by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 33,272 shares of the bank’s stock worth $1,094,000 after purchasing an additional 1,049 shares during the period. Finally, Choreo LLC raised its position in First Mid Bancshares by 17.9% in the 2nd quarter. Choreo LLC now owns 7,568 shares of the bank’s stock worth $246,000 after purchasing an additional 1,149 shares during the period. Hedge funds and other institutional investors own 47.57% of the company’s stock.

Analysts Set New Price Targets

FMBH has been the subject of a number of recent research reports. Stephens boosted their price objective on shares of First Mid Bancshares from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Piper Sandler boosted their price objective on shares of First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods downgraded shares of First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 price objective for the company. in a research report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

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.