First Mid Bancshares, Inc. (NASDAQ:FMBH - Get Free Report) CEO Clay M. Dean sold 400 shares of the company's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $37.78, for a total transaction of $15,112.00. Following the completion of the transaction, the chief executive officer now owns 11,250 shares in the company, valued at $425,025. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
First Mid Bancshares Price Performance
NASDAQ FMBH opened at $38.06 on Wednesday. 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 firm's 50 day moving average price is $38.78 and its 200-day moving average price is $35.67. First Mid Bancshares, Inc. has a 52-week low of $28.86 and a 52-week high of $41.02. The company has a market cap of $909.82 million, a PE ratio of 11.64 and a beta of 0.89.
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 2.52%. First Mid Bancshares's dividend payout ratio (DPR) is 29.54%.
Institutional Investors Weigh In On First Mid Bancshares
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Several institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in First Mid Bancshares by 2.2% in the second quarter. Victory Capital Management Inc. now owns 30,350 shares of the bank's stock valued at $998,000 after acquiring an additional 650 shares in the last quarter. CWM LLC raised its holdings in shares of First Mid Bancshares by 344.2% during the second quarter. CWM LLC now owns 884 shares of the bank's stock worth $29,000 after purchasing an additional 685 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of First Mid Bancshares during the first quarter worth $29,000. Rhumbline Advisers raised its holdings in shares of First Mid Bancshares by 3.3% during the second 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 last quarter. Finally, Choreo LLC raised its holdings in shares of First Mid Bancshares by 17.9% during the second 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 last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods downgraded shares of First Mid Bancshares from an "outperform" rating to a "market perform" rating and set a $42.00 target price on the stock. in a research note on Wednesday, October 2nd. Stephens upped 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 note on Friday, November 1st. Finally, Piper Sandler upped their target price on shares of First Mid Bancshares from $46.00 to $47.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, First Mid Bancshares has an average rating of "Moderate Buy" and an average price target of $41.00.
Check Out Our Latest Research Report on FMBH
About First Mid Bancshares
(
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.
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