Key Points
- CEO Clay Dean sold 1,099 shares of First Mid Bancshares at an average price of $42.69 on Dec. 18 for $46,916.31, leaving him with 9,624 shares — a roughly 10.25% reduction in his stake.
- The company posted a quarterly EPS of $0.97 (vs. $0.96 expected) and revenue of $89.27 million (vs. $65.60 million expected), with a net margin of 18.77% and return on equity of 10.27%.
- First Mid pays a quarterly dividend of $0.25 ($1.00 annual, 2.5% yield, 27.4% payout ratio) and carries a consensus analyst rating of "Buy" with a consensus price target of $42.80.
First Mid Bancshares, Inc. (NASDAQ:FMBH - Get Free Report) CEO Clay Dean sold 1,099 shares of First Mid Bancshares stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $42.69, for a total transaction of $46,916.31. Following the sale, the chief executive officer owned 9,624 shares in the company, valued at approximately $410,848.56. This represents a 10.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
First Mid Bancshares Trading Down 1.0%
Shares of NASDAQ FMBH opened at $40.76 on Tuesday. 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, Inc. has a 52-week low of $27.58 and a 52-week high of $42.85. The firm has a 50 day moving average price of $38.08 and a two-hundred day moving average price of $38.24. The stock has a market cap of $978.24 million, a P/E ratio of 11.17 and a beta of 0.93.
First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The bank reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.01. First Mid Bancshares had a net margin of 18.77% and a return on equity of 10.27%. The company had revenue of $89.27 million for the quarter, compared to analyst estimates of $65.60 million. As a group, equities analysts forecast that First Mid Bancshares, Inc. will post 3.61 EPS for the current year.
First Mid Bancshares Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Friday, November 14th. First Mid Bancshares's payout ratio is 27.40%.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. Zacks Research raised First Mid Bancshares from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 3rd. Piper Sandler dropped their price target on shares of 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, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of First Mid Bancshares in a research note on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $42.80.
View Our Latest Stock Analysis on First Mid Bancshares
Hedge Funds Weigh In On First Mid Bancshares
Institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new position in shares of First Mid Bancshares during the 3rd quarter worth approximately $36,000. Strs Ohio bought a new stake in shares of First Mid Bancshares in the 1st quarter valued at $42,000. State of Wyoming increased its stake in shares of First Mid Bancshares by 33.4% in the 1st quarter. State of Wyoming now owns 1,410 shares of the bank's stock valued at $49,000 after acquiring an additional 353 shares in the last quarter. Aquatic Capital Management LLC lifted its position in shares of First Mid Bancshares by 272.5% during the 3rd quarter. Aquatic Capital Management LLC now owns 1,438 shares of the bank's stock valued at $54,000 after acquiring an additional 1,052 shares during the period. Finally, Federated Hermes Inc. boosted its stake in First Mid Bancshares by 32.0% during the second quarter. Federated Hermes Inc. now owns 1,710 shares of the bank's stock worth $64,000 after acquiring an additional 415 shares in the last quarter. 47.57% of the stock is owned by institutional investors and hedge funds.
About First Mid Bancshares
(
Get Free Report)
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.
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