First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) issued its quarterly earnings results on Thursday. The bank reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01, MarketWatch Earnings reports. The firm had revenue of $30.53 million for the quarter, compared to analyst estimates of $30.75 million. First Mid-Illinois Bancshares had a net margin of 22.04% and a return on equity of 9.16%.

First Mid-Illinois Bancshares (FMBH) traded down 1.03% during trading on Friday, hitting $41.34. 15,437 shares of the company traded hands. First Mid-Illinois Bancshares has a 52 week low of $25.84 and a 52 week high of $41.92. The stock has a market capitalization of $517.29 million, a PE ratio of 18.66 and a beta of -0.03. The company’s 50 day moving average is $37.73 and its 200-day moving average is $35.32.

The firm also recently announced a semiannual dividend, which will be paid on Friday, December 8th. Investors of record on Friday, December 1st will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, November 30th. This represents a dividend yield of 1.63%. This is a positive change from First Mid-Illinois Bancshares’s previous semiannual dividend of $0.32.

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In related news, insider Laurel G. Allenbaugh sold 780 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $34.99, for a total transaction of $27,292.20. Following the sale, the insider now owns 2,674 shares of the company’s stock, valued at $93,563.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William S. Rowland sold 4,960 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $34.24, for a total transaction of $169,830.40. Following the sale, the director now directly owns 48,407 shares in the company, valued at approximately $1,657,455.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,000 shares of company stock worth $274,790. 20.30% of the stock is owned by insiders.

FMBH has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of First Mid-Illinois Bancshares from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Friday, September 8th. BidaskClub lowered shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th.

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).

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