Insider Selling: First Mid Bancshares (NASDAQ:FMBH) CEO Sells 1,099 Shares of Stock
by Scott Moore · The Cerbat GemFirst Mid Bancshares, Inc. (NASDAQ:FMBH – Get Free Report) CEO Clay Dean sold 1,099 shares of the company’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $42.69, for a total transaction of $46,916.31. Following the completion of the sale, the chief executive officer directly owned 9,624 shares in the company, valued at $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 is available at this hyperlink.
First Mid Bancshares Stock Down 0.6%
NASDAQ FMBH traded down $0.23 during trading hours on Monday, reaching $40.94. 53,470 shares of the company’s stock traded hands, compared to its average volume of 67,581. First Mid Bancshares, Inc. has a 52-week low of $27.58 and a 52-week high of $42.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a 50-day simple moving average of $37.98 and a 200 day simple moving average of $38.20. The firm has a market cap of $982.56 million, a PE ratio of 11.21 and a beta of 0.93.
First Mid Bancshares (NASDAQ:FMBH – Get Free Report) last announced its earnings results on Thursday, October 30th. The bank reported $0.97 earnings per share for the quarter, beating 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 business had revenue of $89.27 million during the quarter, compared to the consensus estimate of $65.60 million. Sell-side analysts anticipate that First Mid Bancshares, Inc. will post 3.61 EPS for the current fiscal year.
First Mid Bancshares Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, November 14th. First Mid Bancshares’s payout ratio is 27.40%.
Institutional Trading of First Mid Bancshares
A number of large investors have recently made changes to their positions in the stock. Tudor Investment Corp ET AL raised its holdings in shares of First Mid Bancshares by 421.7% during the third quarter. Tudor Investment Corp ET AL now owns 71,260 shares of the bank’s stock valued at $2,699,000 after purchasing an additional 57,600 shares during the last quarter. Qube Research & Technologies Ltd grew its position in First Mid Bancshares by 16.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 29,814 shares of the bank’s stock worth $1,129,000 after purchasing an additional 4,144 shares during the period. Aquatic Capital Management LLC raised its stake in 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 buying an additional 1,052 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of First Mid Bancshares by 25.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 23,890 shares of the bank’s stock valued at $905,000 after buying an additional 4,883 shares during the period. Finally, Creative Planning boosted its stake in shares of First Mid Bancshares by 11.3% in the 3rd quarter. Creative Planning now owns 70,661 shares of the bank’s stock worth $2,677,000 after buying an additional 7,178 shares during the last quarter. 47.57% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on FMBH. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Mid Bancshares in a research report on Monday, December 15th. Piper Sandler decreased their target price on shares of First Mid Bancshares from $49.00 to $48.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Finally, Zacks Research upgraded shares of First Mid Bancshares from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, First Mid Bancshares presently has an average rating of “Buy” and a consensus target price of $42.80.
Read Our Latest Stock Report on FMBH
About First Mid Bancshares
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.