First Mid Bancshares, Inc. (NASDAQ:FMBH) Director Ray A. Sparks sold 1,398 shares of the firm’s stock in a transaction on Monday, January 11th. The stock was sold at an average price of $35.09, for a total value of $49,055.82. Following the transaction, the director now directly owns 210,748 shares of the company’s stock, valued at approximately $7,395,147.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

FMBH stock opened at $35.13 on Thursday. First Mid Bancshares, Inc. has a 52-week low of $18.60 and a 52-week high of $37.81. The stock’s fifty day simple moving average is $33.51 and its 200-day simple moving average is $28.11. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $587.94 million, a price-to-earnings ratio of 13.46 and a beta of 0.84.

First Mid Bancshares (NASDAQ:FMBH) last issued its earnings results on Thursday, October 29th. The bank reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.03. First Mid Bancshares had a return on equity of 8.05% and a net margin of 21.63%. The firm had revenue of $46.10 million for the quarter, compared to analysts’ expectations of $46.20 million. As a group, analysts anticipate that First Mid Bancshares, Inc. will post 2.66 earnings per share for the current fiscal year.

The company also recently announced a semi-annual dividend, which was paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st were issued a $0.41 dividend. The ex-dividend date was Monday, November 30th. This represents a yield of 3%. This is a boost from First Mid Bancshares’s previous semi-annual dividend of $0.40. First Mid Bancshares’s dividend payout ratio (DPR) is presently 28.57%.

Several equities analysts have weighed in on FMBH shares. BidaskClub raised First Mid Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, January 7th. ValuEngine raised First Mid Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, December 11th. Zacks Investment Research upgraded First Mid Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, November 3rd. Stephens upgraded First Mid Bancshares from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $30.00 to $34.00 in a report on Thursday, November 12th. Finally, DA Davidson upgraded First Mid Bancshares from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Tuesday, September 29th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $31.75.

A number of institutional investors have recently modified their holdings of the stock. Creative Financial Designs Inc. ADV boosted its holdings in First Mid Bancshares by 8.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 5,337 shares of the bank’s stock valued at $180,000 after acquiring an additional 409 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in First Mid Bancshares by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 95,757 shares of the bank’s stock valued at $2,390,000 after acquiring an additional 2,683 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new position in First Mid Bancshares in the third quarter valued at $204,000. Great West Life Assurance Co. Can boosted its holdings in First Mid Bancshares by 179.3% in the third quarter. Great West Life Assurance Co. Can now owns 4,787 shares of the bank’s stock valued at $77,000 after acquiring an additional 3,073 shares during the last quarter. Finally, John W. Rosenthal Capital Management Inc. acquired a new position in shares of First Mid Bancshares during the third quarter worth about $499,000. Hedge funds and other institutional investors own 29.49% of the company’s stock.

About First Mid Bancshares

First Mid Bancshares, Inc, through its subsidiaries, 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; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.

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