First Mid Bancshares (NASDAQ:FMBH) Sets New 52-Week High at $44.75

First Mid Bancshares, Inc. (NASDAQ:FMBH)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $44.75 and last traded at $44.31, with a volume of 25727 shares. The stock had previously closed at $44.53.

Separately, Zacks Investment Research raised First Mid Bancshares from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Wednesday, March 10th.

The business has a 50-day moving average price of $40.80 and a 200-day moving average price of $33.53. The firm has a market capitalization of $789.39 million, a price-to-earnings ratio of 16.77 and a beta of 0.90. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.20.

First Mid Bancshares (NASDAQ:FMBH) last released its earnings results on Wednesday, January 27th. The bank reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.09. First Mid Bancshares had a return on equity of 8.05% and a net margin of 21.63%. The firm had revenue of $48.99 million for the quarter, compared to the consensus estimate of $47.52 million. On average, equities research analysts forecast that First Mid Bancshares, Inc. will post 2.66 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 1st. Investors of record on Friday, February 19th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Thursday, February 18th. First Mid Bancshares’s payout ratio is 28.57%.

In related news, Director Ray A. Sparks sold 8,430 shares of the company’s stock in a transaction on Thursday, January 14th. The stock was sold at an average price of $36.00, for a total value of $303,480.00. Following the transaction, the director now directly owns 198,850 shares of the company’s stock, valued at approximately $7,158,600. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ray A. Sparks sold 1,398 shares of the company’s stock in a transaction on Monday, January 11th. The shares were sold at an average price of $35.09, for a total value of $49,055.82. Following the completion of the transaction, the director now directly owns 210,748 shares in the company, valued at $7,395,147.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,532 shares of company stock worth $2,020,389. 13.50% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC boosted its holdings in First Mid Bancshares by 38.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,800 shares of the bank’s stock valued at $61,000 after purchasing an additional 500 shares during the last quarter. 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 purchasing an additional 3,073 shares during the last quarter. Citigroup Inc. boosted its holdings in First Mid Bancshares by 45.2% in the fourth quarter. Citigroup Inc. now owns 3,093 shares of the bank’s stock valued at $104,000 after purchasing an additional 963 shares during the last quarter. SG Americas Securities LLC purchased a new stake in First Mid Bancshares in the fourth quarter valued at $132,000. Finally, 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 purchasing an additional 409 shares during the last quarter. 33.32% of the stock is currently owned by institutional investors.

About First Mid Bancshares (NASDAQ:FMBH)

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; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.

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