First Mid-Illinois Bancshares Inc. (FMBH) Director Gary W. Melvin Purchases 9,869 Shares
First Mid-Illinois Bancshares Inc. (NASDAQ:FMBH) Director Gary W. Melvin acquired 9,869 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The stock was bought at an average cost of $25.59 per share, for a total transaction of $252,547.71. Following the purchase, the director now directly owns 618,755 shares of the company’s stock, valued at $15,833,940.45. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of First Mid-Illinois Bancshares Inc. (NASDAQ:FMBH) opened at 25.63 on Wednesday. The company has a market cap of $252.28 million, a P/E ratio of 13.94 and a beta of -0.31. First Mid-Illinois Bancshares Inc. has a 52 week low of $21.05 and a 52 week high of $26.50. The company’s 50-day moving average price is $24.75 and its 200 day moving average price is $25.09.
Several research firms have recently commented on FMBH. Zacks Investment Research downgraded First Mid-Illinois Bancshares from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 10th. Stephens began coverage on First Mid-Illinois Bancshares in a research note on Friday, August 26th. They issued an “overweight” rating on the stock.
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First Mid-Illinois Bancshares Company Profile
First Mid-Illinois Bancshares, Inc is a financial holding company. The Company is engaged in the business of banking through its subsidiary, First Mid-Illinois Bank & Trust, N.A. (First Mid Bank). It provides data processing services to affiliates through its subsidiary, Mid-Illinois Data Services, Inc It offers insurance products and services to customers through its subsidiary, The Checkley Agency, Inc, doing business as, First Mid Insurance Group (First Mid Insurance).
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