First Mid-Illinois Bancshares Inc. (NASDAQ:FMBH) Director Mary Westerhold acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were bought at an average price of $26.77 per share, for a total transaction of $26,770.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of First Mid-Illinois Bancshares Inc. (NASDAQ:FMBH) opened at 29.50 on Monday. The company has a market cap of $367.48 million, a PE ratio of 14.97 and a beta of -0.29. The stock’s 50 day moving average price is $26.74 and its 200-day moving average price is $25.52. First Mid-Illinois Bancshares Inc. has a 52 week low of $22.35 and a 52 week high of $30.24.

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

The firm also recently announced a dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, December 1st will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, November 29th. First Mid-Illinois Bancshares’s dividend payout ratio is currently 32.61%.

A number of large investors have recently added to or reduced their stakes in the company. Spark Investment Management LLC acquired a new stake in First Mid-Illinois Bancshares during the third quarter valued at approximately $202,000. New York State Common Retirement Fund boosted its stake in First Mid-Illinois Bancshares by 40.7% in the third quarter. New York State Common Retirement Fund now owns 8,300 shares of the company’s stock valued at $226,000 after buying an additional 2,400 shares in the last quarter. California Public Employees Retirement System boosted its stake in First Mid-Illinois Bancshares by 15.6% in the third quarter. California Public Employees Retirement System now owns 10,402 shares of the company’s stock valued at $284,000 after buying an additional 1,402 shares in the last quarter. California State Teachers Retirement System boosted its stake in First Mid-Illinois Bancshares by 39.0% in the third quarter. California State Teachers Retirement System now owns 16,739 shares of the company’s stock valued at $456,000 after buying an additional 4,700 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in First Mid-Illinois Bancshares by 84.5% in the third quarter. Bank of New York Mellon Corp now owns 19,091 shares of the company’s stock valued at $521,000 after buying an additional 8,743 shares in the last quarter. 12.67% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on FMBH shares. Zacks Investment Research cut First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, November 1st. Stephens started coverage on First Mid-Illinois Bancshares in a research note on Friday, August 26th. They set an “overweight” rating on the stock.

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).

5 Day Chart for NASDAQ:FMBH

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