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Dean Clay M, CEO of First Mid Insurance Group, sold 1,552.6512 shares of First Mid Bancshares, Inc. (NASDAQ:FMBH) common stock on August 6, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $37.6391, for a total transaction value of $58,440. The $909 million market cap company trades at an attractive P/E of 10.7x, with InvestingPro analysis suggesting the stock is fairly valued.
Following the transaction, Clay directly owns 11,229.4164 shares of First Mid Bancshares. In addition, he indirectly owns 3,924.3618 shares by 401k and 4,159.0485 shares by Deferred Compensation Plan. The company has maintained dividend payments for 26 consecutive years, with 14 years of consecutive increases. InvestingPro data shows six analysts have revised their earnings upwards, with price targets ranging from $42 to $49.
In other recent news, First Mid Bancshares, Inc. announced an increase in its authorized shares of common stock. The stockholders approved this amendment during the Annual Meeting held on April 30, 2025, raising the number of authorized shares from 30 million to 45 million. This change was officially filed with the Secretary of State of Delaware on May 12, 2025, and took effect immediately. Following this amendment, the company also filed a restatement of its Certificate of Incorporation to include this and all prior amendments, which also became effective upon filing on the same day. These developments reflect First Mid Bancshares’ strategic decisions regarding its capital structure. Investors and analysts are likely to closely watch how this increase in authorized shares might impact the company’s future financial strategies and shareholder value.
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