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.
This text was generated with the assist of AI and reviewed by an editor. For extra data see our T&C.
(Reuters) - The U.S. financial system added way more jobs than anticipated in March, however…
Through the AI growth, Wedbush analyst Dan Ives has change into Wall Road's most outstanding…
In the course of the AI growth, Wedbush analyst Dan Ives has grow to be…
Economists anticipate that the US added 130,000 jobs in March and that the unemployment charge…
By Amanda Cooper LONDON (Reuters) - One of many Federal Reserve's most popular recession indicators…
Macquarie, the Australian monetary large, has struck its newest British takeover cope with a swoop…