First Mid Bancshares (NASDAQ:FMBH) EVP Bradley Beesley Sells 6,000 Shares of Stock

First Mid Bancshares, Inc. (NASDAQ:FMBH) EVP Bradley Beesley sold 6,000 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $44.00, for a total transaction of $264,000.00. Following the sale, the executive vice president directly owned 12,378 shares of the company’s stock, valued at approximately $544,632. This represents a 32.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

First Mid Bancshares Price Performance

NASDAQ FMBH opened at $44.43 on Friday. First Mid Bancshares, Inc. has a 1 year low of $27.58 and a 1 year high of $44.85. The business’s fifty day moving average is $40.92 and its two-hundred day moving average is $39.01. The stock has a market capitalization of $1.07 billion, a P/E ratio of 11.56 and a beta of 0.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.93 and a current ratio of 0.93.

First Mid Bancshares (NASDAQ:FMBH) last issued its earnings results on Thursday, January 29th. The bank reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. First Mid Bancshares had a return on equity of 10.61% and a net margin of 19.69%.The business had revenue of $90.14 million for the quarter, compared to analysts’ expectations of $67.86 million. On average, research analysts forecast that First Mid Bancshares, Inc. will post 3.61 earnings per share for the current fiscal year.

First Mid Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, February 12th. First Mid Bancshares’s dividend payout ratio (DPR) is 26.04%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. AQR Capital Management LLC raised its stake in shares of First Mid Bancshares by 256.9% during the first quarter. AQR Capital Management LLC now owns 105,648 shares of the bank’s stock worth $3,687,000 after buying an additional 76,050 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of First Mid Bancshares by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,566 shares of the bank’s stock valued at $473,000 after purchasing an additional 550 shares during the period. Jones Financial Companies Lllp boosted its position in shares of First Mid Bancshares by 1,662.9% in the 1st quarter. Jones Financial Companies Lllp now owns 4,231 shares of the bank’s stock worth $148,000 after purchasing an additional 3,991 shares during the last quarter. Empowered Funds LLC grew its stake in shares of First Mid Bancshares by 31.5% during the first quarter. Empowered Funds LLC now owns 72,134 shares of the bank’s stock worth $2,517,000 after purchasing an additional 17,266 shares during the period. Finally, Jane Street Group LLC increased its holdings in First Mid Bancshares by 494.1% in the first quarter. Jane Street Group LLC now owns 32,755 shares of the bank’s stock valued at $1,143,000 after purchasing an additional 27,242 shares during the last quarter. Institutional investors own 47.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FMBH shares. Weiss Ratings reissued a “buy (b-)” rating on shares of First Mid Bancshares in a research note on Monday, December 29th. DA Davidson raised their target price on shares of First Mid Bancshares from $45.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday. Piper Sandler dropped their price target on First Mid Bancshares from $49.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Finally, Zacks Research downgraded First Mid Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.60.

First Mid Bancshares Company Profile

First Mid Bancshares, Inc (NASDAQ: FMBH), headquartered in Mattoon, Illinois, is a financial services holding company that offers a comprehensive suite of banking products and services through its main subsidiary, First Mid Bank & Trust. The company’s primary business activities include commercial and retail banking, mortgage origination and servicing, wealth management and trust administration, as well as treasury and cash management solutions.

Through its branch network, First Mid provides consumer deposit products such as checking and savings accounts, certificates of deposit and online banking services.