James Edwin Zimmer Buys 1,000 Shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) Stock

First Mid Bancshares, Inc. (NASDAQ:FMBH) Director James Edwin Zimmer purchased 1,000 shares of the stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of $39.87 per share, with a total value of $39,870.00. Following the acquisition, the director now directly owns 4,050 shares in the company, valued at $161,473.50. This trade represents a 32.79 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

First Mid Bancshares Stock Performance

NASDAQ:FMBH opened at $36.88 on Thursday. First Mid Bancshares, Inc. has a twelve month low of $28.86 and a twelve month high of $43.86. The firm has a market capitalization of $881.87 million, a price-to-earnings ratio of 11.35 and a beta of 0.93. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. The firm’s fifty day simple moving average is $39.74 and its 200 day simple moving average is $38.54.

First Mid Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Thursday, November 14th. First Mid Bancshares’s dividend payout ratio is presently 29.54%.

Analyst Ratings Changes

FMBH has been the topic of a number of recent analyst reports. Stephens downgraded shares of First Mid Bancshares from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 9th. DA Davidson lowered First Mid Bancshares from a “buy” rating to a “neutral” rating and increased their target price for the stock from $44.00 to $47.00 in a research report on Tuesday, November 12th. Piper Sandler boosted their price target 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 raised their price objective 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Institutional Investors Weigh In On First Mid Bancshares

Large investors have recently modified their holdings of the stock. American Century Companies Inc. lifted its position in First Mid Bancshares by 23.7% during the 2nd quarter. American Century Companies Inc. now owns 340,343 shares of the bank’s stock worth $11,190,000 after acquiring an additional 65,314 shares in the last quarter. Dimensional Fund Advisors LP grew its position in First Mid Bancshares by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 778,135 shares of the bank’s stock valued at $25,584,000 after acquiring an additional 36,769 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of First Mid Bancshares by 7.3% during the third quarter. Wellington Management Group LLP now owns 387,926 shares of the bank’s stock valued at $15,094,000 after purchasing an additional 26,560 shares during the period. Barclays PLC lifted its position in shares of First Mid Bancshares by 327.6% during the third quarter. Barclays PLC now owns 34,347 shares of the bank’s stock worth $1,337,000 after purchasing an additional 26,315 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of First Mid Bancshares by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 133,132 shares of the bank’s stock worth $5,180,000 after purchasing an additional 25,855 shares in the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.

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.