First Mid Bancshares director James Zimmer buys $39,872 in inventory

James Edwin Zimmer, a director at First Mid Bancshares, Inc. (NASDAQ:FMBH), acquired 1,000 shares of frequent inventory on December 19, 2024. The acquisition was made at a mean worth of $39.8729 per share, totaling roughly $39,872. The $860 million market cap financial institution presently trades at a P/E ratio of 11x, and in response to InvestingPro evaluation, the inventory seems pretty valued. Following this transaction, Zimmer now holds a complete of 4,050 shares immediately by means of an Particular person Retirement Account (IRA). Moreover, Zimmer maintains oblique possession of 16,035 shares by means of a Deferred Compensation Plan. The corporate has maintained dividend funds for 25 consecutive years, with a present yield of two.65% and a ‘GOOD’ general monetary well being score from InvestingPro, which provides 5 extra key insights about FMBH’s monetary outlook.

In different current information, First Mid-Illinois Bancshares (NASDAQ:FMBH) has seen varied shifts in inventory scores and worth targets. DA Davidson downgraded the inventory from Purchase to Impartial, citing valuation warning, regardless of rising the worth goal to $47.00 from $44.00. The agency acknowledged the financial institution’s strong efficiency however expressed warning about potential merger and acquisition actions and its development positioning in comparison with higher-growth friends.

One other improvement was the appointment of Mr. Paul L. Palmby to the Board of Administrators of First Mid Bancshares. He’s anticipated to serve on a number of committees till the present Class I time period expires in 2026.

Piper Sandler raised the worth goal for First Mid Bancshares to $47.00, sustaining an Chubby score. The agency highlighted the corporate’s operational effectivity, strict price administration, high-quality credit score profile, and rising capital flexibility as key components supporting the constructive outlook.

Stephens, a monetary companies agency, raised the worth goal for First Mid-Illinois Bancshares to $43.00, reiterating its Chubby score. The agency anticipates that the financial institution’s internet curiosity margin will increase within the coming quarters as a result of ongoing efforts to reprice deposits, the maturation of certificates of deposit, and rising mortgage yields.

Lastly, Keefe, Bruyette & Woods downgraded First Mid-Illinois Bancshares from an “Outperform” score to “Market Carry out”, suggesting the inventory’s potential upside has largely been realized after current sturdy efficiency. Nonetheless, the agency maintained a worth goal of $42.00 for the financial institution’s shares, indicating a gentle valuation regardless of the score adjustment.

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