Insider Buying: First Mid Bancshares, Inc. (NASDAQ:FMBH) Director Acquires 1,000 Shares of Stock

First Mid Bancshares, Inc. (NASDAQ:FMBH - Get Free Report) Director James Edwin Zimmer purchased 1,000 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average cost of $39.87 per share, with a total value of $39,870.00. Following the completion of the acquisition, the director now directly owns 4,050 shares in the company, valued at $161,473.50. The trade was 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 hyperlink.

First Mid Bancshares Trading Up 3.5 %

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

First Mid Bancshares Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FMBH shares. Stephens cut shares of First Mid Bancshares from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 9th. Piper Sandler lifted their price objective on First Mid Bancshares from $46.00 to $47.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods increased 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. Finally, DA Davidson lowered First Mid Bancshares from a "buy" rating to a "neutral" rating and raised their target price for the company from $44.00 to $47.00 in a research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $42.50.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in First Mid Bancshares in the third quarter valued at about $84,000. PDT Partners LLC acquired a new position in shares of First Mid Bancshares during the 3rd quarter worth about $203,000. Centiva Capital LP bought a new stake in shares of First Mid Bancshares in the 3rd quarter valued at about $213,000. BNP Paribas Financial Markets raised its position in shares of First Mid Bancshares by 33.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,001 shares of the bank's stock valued at $233,000 after acquiring an additional 1,510 shares during the period. Finally, Choreo LLC boosted its stake in First Mid Bancshares by 17.9% during the 2nd quarter. Choreo LLC now owns 7,568 shares of the bank's stock worth $246,000 after acquiring an additional 1,149 shares during the last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.

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.

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