Insider Selling: First Mid Bancshares, Inc. (NASDAQ:FMBH) CEO Sells 400 Shares of Stock

First Mid Bancshares, Inc. (NASDAQ:FMBH) CEO Clay M. Dean sold 400 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $42.21, for a total value of $16,884.00. Following the transaction, the chief executive officer now directly owns 10,850 shares of the company’s stock, valued at approximately $457,978.50. This trade represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

First Mid Bancshares Price Performance

Shares of NASDAQ:FMBH traded up $0.64 on Thursday, hitting $42.01. The company had a trading volume of 45,008 shares, compared to its average volume of 58,139. The company has a market cap of $1.00 billion, a PE ratio of 12.73 and a beta of 0.89. The business has a 50 day moving average of $39.31 and a 200 day moving average of $36.48. First Mid Bancshares, Inc. has a 52-week low of $28.86 and a 52-week high of $43.52. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41.

First Mid Bancshares Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.96 annualized dividend and a yield of 2.29%. First Mid Bancshares’s payout ratio is currently 29.54%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FMBH shares. Stephens boosted their target price on shares of First Mid Bancshares from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Piper Sandler increased their target price on shares of First Mid Bancshares from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. DA Davidson cut First Mid Bancshares from a “buy” rating to a “neutral” rating and upped their price target for the stock from $44.00 to $47.00 in a report on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods lowered First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 target price on the stock. in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, First Mid Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $42.00.

Institutional Investors Weigh In On First Mid Bancshares

Several hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. grew its holdings 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 valued at $998,000 after buying an additional 650 shares during the period. CWM LLC lifted its holdings in shares of First Mid Bancshares by 344.2% during the 2nd quarter. CWM LLC now owns 884 shares of the bank’s stock valued at $29,000 after acquiring an additional 685 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in First Mid Bancshares by 1.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 88,910 shares of the bank’s stock valued at $3,459,000 after purchasing an additional 900 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of First Mid Bancshares in the first quarter worth about $29,000. Finally, Rhumbline Advisers grew its stake in shares of First Mid Bancshares by 3.3% in the second quarter. Rhumbline Advisers now owns 33,272 shares of the bank’s stock valued at $1,094,000 after buying an additional 1,049 shares in the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.

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.