First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) insider Laurel G. Allenbaugh sold 780 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $34.99, for a total value of $27,292.20. Following the completion of the sale, the insider now owns 2,674 shares in the company, valued at $93,563.26. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of First Mid-Illinois Bancshares, Inc. (FMBH) traded down 0.11% during trading on Thursday, hitting $35.05. The stock had a trading volume of 9,748 shares. The stock’s 50 day moving average is $35.04 and its 200 day moving average is $34.21. First Mid-Illinois Bancshares, Inc. has a 52 week low of $25.25 and a 52 week high of $37.78. The stock has a market capitalization of $438.58 million, a price-to-earnings ratio of 15.82 and a beta of -0.06.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $0.66 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $29.90 million. On average, equities research analysts expect that First Mid-Illinois Bancshares, Inc. will post $2.38 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of the business. Cornerstone Capital Management Holdings LLC. lifted its holdings in First Mid-Illinois Bancshares by 6.0% during the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 13,891 shares of the bank’s stock worth $469,000 after buying an additional 791 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in First Mid-Illinois Bancshares by 33.3% during the 1st quarter. Nationwide Fund Advisors now owns 4,473 shares of the bank’s stock worth $151,000 after buying an additional 1,117 shares in the last quarter. Context BH Capital Management LP lifted its holdings in First Mid-Illinois Bancshares by 2.7% during the 2nd quarter. Context BH Capital Management LP now owns 45,880 shares of the bank’s stock worth $1,571,000 after buying an additional 1,200 shares in the last quarter. American International Group Inc. lifted its holdings in First Mid-Illinois Bancshares by 38.8% during the 1st quarter. American International Group Inc. now owns 4,579 shares of the bank’s stock worth $155,000 after buying an additional 1,279 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in First Mid-Illinois Bancshares by 11.9% during the 2nd quarter. California State Teachers Retirement System now owns 17,839 shares of the bank’s stock worth $611,000 after buying an additional 1,900 shares in the last quarter. 20.11% of the stock is currently owned by hedge funds and other institutional investors.

FMBH has been the topic of several research analyst reports. DA Davidson initiated coverage on First Mid-Illinois Bancshares in a research report on Friday, June 9th. They set a “neutral” rating and a $37.00 price target on the stock. Zacks Investment Research cut First Mid-Illinois Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, BidaskClub cut First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.

About First Mid-Illinois Bancshares

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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