First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) Director William S. Rowland sold 4,960 shares of First Mid-Illinois Bancshares stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $34.24, for a total value of $169,830.40. Following the transaction, the director now owns 48,407 shares of the company’s stock, valued at $1,657,455.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) traded up 3.72% during mid-day trading on Monday, hitting $35.38. The stock had a trading volume of 20,913 shares. The stock has a 50 day moving average price of $35.16 and a 200-day moving average price of $33.86. The company has a market cap of $442.71 million, a PE ratio of 15.97 and a beta of -0.08. First Mid-Illinois Bancshares, Inc. has a 52-week low of $23.67 and a 52-week high of $37.78.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last released its quarterly earnings data on Thursday, July 27th. The bank reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.10. First Mid-Illinois Bancshares had a return on equity of 9.16% and a net margin of 22.04%. The firm had revenue of $31.92 million during the quarter, compared to the consensus estimate of $29.90 million. On average, equities analysts expect that First Mid-Illinois Bancshares, Inc. will post $2.38 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors increased its position in First Mid-Illinois Bancshares by 33.3% in the first quarter. Nationwide Fund Advisors now owns 4,473 shares of the bank’s stock valued at $151,000 after buying an additional 1,117 shares during the last quarter. American International Group Inc. increased its position in First Mid-Illinois Bancshares by 38.8% in the first quarter. American International Group Inc. now owns 4,579 shares of the bank’s stock valued at $155,000 after buying an additional 1,279 shares during the last quarter. SG Americas Securities LLC purchased a new position in First Mid-Illinois Bancshares during the first quarter valued at $161,000. LSV Asset Management increased its position in First Mid-Illinois Bancshares by 947.4% in the second quarter. LSV Asset Management now owns 5,300 shares of the bank’s stock valued at $181,000 after buying an additional 4,794 shares during the last quarter. Finally, Voya Investment Management LLC purchased a new position in First Mid-Illinois Bancshares during the second quarter valued at $201,000. 18.95% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on FMBH. Zacks Investment Research upgraded First Mid-Illinois Bancshares from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Tuesday, May 2nd. BidaskClub cut First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, DA Davidson began coverage on First Mid-Illinois Bancshares in a research report on Friday, June 9th. They issued a “neutral” rating and a $37.00 price objective for the company.

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 subsidiaries, First Mid-Illinois Bank & Trust, N.A. (First Mid Bank) and First Clover Leaf Bank, N.A. (First Clover Leaf Bank). The Company provides data processing services to affiliates through another subsidiary, Mid-Illinois Data Services, Inc (MIDS).

Insider Buying and Selling by Quarter for First Mid-Illinois Bancshares (NASDAQ:FMBH)

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