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

First Mid Bancshares, Inc. (NASDAQ:FMBH) CEO Clay M. Dean sold 400 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 11,250 shares in the company, valued at $425,025. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

First Mid Bancshares Stock Up 13.6 %

First Mid Bancshares stock opened at $43.25 on Thursday. The business’s 50-day moving average price is $38.74 and its 200 day moving average price is $35.72. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 13.31 and a beta of 0.89. First Mid Bancshares, Inc. has a 52 week low of $28.86 and a 52 week high of $43.30.

First Mid Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.22%. First Mid Bancshares’s payout ratio is 29.54%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Stephens lifted their price target on 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 upped their target price 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. Finally, Keefe, Bruyette & Woods lowered shares of First Mid Bancshares from an “outperform” rating to a “market perform” rating and set a $42.00 price target for the company. in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Hedge Funds Weigh In On First Mid Bancshares

Several institutional investors have recently made changes to their positions in FMBH. CWM LLC grew its position in First Mid Bancshares by 344.2% during the second quarter. CWM LLC now owns 884 shares of the bank’s stock valued at $29,000 after buying an additional 685 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of First Mid Bancshares during the 1st quarter worth about $29,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of First Mid Bancshares during the 1st quarter valued at about $208,000. Choreo LLC increased its stake 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 purchasing an additional 1,149 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. increased its stake in shares of First Mid Bancshares by 29.9% in the 3rd quarter. CarsonAllaria Wealth Management Ltd. now owns 9,927 shares of the bank’s stock valued at $386,000 after purchasing an additional 2,285 shares in the last quarter. 47.57% of the stock is owned by hedge funds and other institutional investors.

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.