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

First Mid Bancshares, Inc. (NASDAQ:FMBHGet Free Report) Director James Edwin Zimmer bought 1,000 shares of First Mid Bancshares stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of $39.87 per share, for a total transaction of $39,870.00. Following the completion of the acquisition, the director now owns 4,050 shares of the company’s stock, valued at approximately $161,473.50. This represents a 32.79 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

First Mid Bancshares Stock Up 3.5 %

Shares of FMBH stock traded up $1.23 during trading on Tuesday, reaching $36.23. The company’s stock had a trading volume of 39,581 shares, compared to its average volume of 50,648. First Mid Bancshares, Inc. has a one year low of $28.86 and a one year high of $43.86. The business has a fifty day moving average price of $39.77 and a 200-day moving average price of $38.51. The company has a market cap of $866.33 million, a price-to-earnings ratio of 11.15 and a beta of 0.93. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.41.

First Mid Bancshares Dividend Announcement

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

Hedge Funds Weigh In On First Mid Bancshares

Hedge funds have recently modified their holdings of the stock. Rhumbline Advisers boosted its position in First Mid Bancshares by 3.3% during the second 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. Victory Capital Management Inc. raised its stake 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 worth $998,000 after purchasing an additional 650 shares in the last quarter. Choreo LLC boosted its holdings 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 last quarter. American Century Companies Inc. grew its stake in shares of First Mid Bancshares by 23.7% in the second quarter. American Century Companies Inc. now owns 340,343 shares of the bank’s stock valued at $11,190,000 after buying an additional 65,314 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in First Mid Bancshares by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 778,135 shares of the bank’s stock worth $25,584,000 after buying an additional 36,769 shares during the last quarter. Institutional investors own 47.57% of the company’s stock.

Analyst Upgrades and Downgrades

FMBH has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on First Mid Bancshares from $42.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. 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. Stephens cut shares of First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a report on Monday, December 9th. Finally, Piper Sandler raised their price objective on shares of First Mid Bancshares from $46.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, First Mid Bancshares has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Read Our Latest Stock Report on FMBH

First Mid Bancshares Company Profile

(Get Free Report)

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.

Further Reading

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