First Mid Bancshares, Inc. reported an insider purchase on February 17, 2026 when director James Edwin Zimmer bought 217 shares of common stock at prices ranging from $43.5795 to $43.7302, for an aggregate consideration of $9,474. The shares acquired in this round are held in custody for Zimmer's grandchildren.
The transaction increases Zimmer's direct holdings to 5,997.4411 shares. In addition, he has an indirect interest of 17,825.2956 shares through a Deferred Compensation Plan and holds 4,050 shares via an IRA. The company's shares are quoted at $44.21, placing the stock just below its 52-week high of $44.85 and reflecting an 18.13% return over the last six months.
On valuation metrics, the regional bank carries a market capitalization of $1.06 billion and trades at a price-to-earnings ratio of 11.55. InvestingPro analysis referenced by the company indicates that this P/E is relatively low versus the bank's near-term earnings growth potential. The company has also maintained dividend distributions for 27 consecutive years, with the current yield at 2.27%.
Separately, First Mid Bancshares has advanced its planned acquisition of Two Rivers Financial Group, Inc. The company disclosed that the Federal Reserve Bank of Chicago approved the merger on December 30, 2025, coming after approval from the Iowa Division of Banking on December 23, 2025. Under the terms described, First Mid will acquire all issued and outstanding shares of Two Rivers through a merger with Star Sub LLC, a wholly owned subsidiary of First Mid. Upon closing, Two Rivers will be merged into Star Sub LLC and will remain a wholly owned subsidiary.
First Mid had been awaiting the Federal Reserve's decision as a key regulatory milestone. The company expects the merger to close in the first quarter of 2026, contingent on satisfaction of customary closing conditions.
InvestingPro has additionally identified eight supplemental investment suggestions for FMBH that may be of interest to investors evaluating the stock and its prospects.
The reported insider purchase, the firm's valuation metrics, its steady dividend record, and the regulatory approvals tied to the Two Rivers transaction provide investors with discrete data points to consider. Zimmer's purchase was executed at prices modestly below the current market quote, and his holdings are distributed across direct ownership, deferred compensation, and an IRA.
While the purchase size is modest in absolute terms, it occurs at a time when the shares trade close to their 52-week high and as the company moves to complete a strategic acquisition that has already cleared key regulatory hurdles.