Insider Buying: First Mid-Illinois Bancshares, Inc. (FMBH) Director Buys 1,111 Shares of Stock
First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) Director James Edwin Zimmer bought 1,111 shares of the company’s stock in a transaction dated Friday, March 17th. The stock was bought at an average price of $32.77 per share, for a total transaction of $36,407.47. Following the transaction, the director now owns 1,716 shares of the company’s stock, valued at $56,233.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) traded up 0.62% during trading on Wednesday, hitting $40.28. 34,518 shares of the stock traded hands. The company’s 50 day moving average price is $35.99 and its 200-day moving average price is $34.76. The stock has a market cap of $504.02 million, a P/E ratio of 18.18 and a beta of -0.03. First Mid-Illinois Bancshares, Inc. has a 52-week low of $25.80 and a 52-week high of $41.15.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last posted its quarterly earnings results on Thursday, July 27th. The bank reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.10. First Mid-Illinois Bancshares had a net margin of 22.04% and a return on equity of 9.16%. The business had revenue of $31.92 million for the quarter, compared to analysts’ expectations of $29.90 million. Equities research analysts forecast that First Mid-Illinois Bancshares, Inc. will post $2.38 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This news story was first reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/11/insider-buying-first-mid-illinois-bancshares-inc-fmbh-director-buys-1111-shares-of-stock.html.
Several analysts have recently issued reports on FMBH shares. Zacks Investment Research lowered shares of First Mid-Illinois Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub lowered shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.
Large investors have recently bought and sold shares of the company. Nationwide Fund Advisors grew its stake in shares of 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 purchasing an additional 1,117 shares during the period. American International Group Inc. grew its stake in First Mid-Illinois Bancshares by 38.8% in the 1st quarter. American International Group Inc. now owns 4,579 shares of the bank’s stock valued at $155,000 after acquiring an additional 1,279 shares during the last quarter. SG Americas Securities LLC acquired a new stake in First Mid-Illinois Bancshares in the 1st quarter valued at about $161,000. LSV Asset Management grew its stake in First Mid-Illinois Bancshares by 947.4% in the 2nd quarter. LSV Asset Management now owns 5,300 shares of the bank’s stock valued at $181,000 after acquiring an additional 4,794 shares during the last quarter. Finally, Voya Investment Management LLC acquired a new stake in First Mid-Illinois Bancshares in the 2nd quarter valued at about $201,000. 20.11% of the stock is currently owned by institutional investors and hedge funds.
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).
Receive News & Ratings for First Mid-Illinois Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Mid-Illinois Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.