First Mid-Illinois Bancshares Inc. (NASDAQ:FMBH) Director William S. Rowland sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $29.97, for a total transaction of $59,940.00. Following the completion of the sale, the director now directly owns 46,876 shares of the company’s stock, valued at $1,404,873.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

First Mid-Illinois Bancshares Inc. (NASDAQ:FMBH) opened at 29.78 on Thursday. The company has a market cap of $370.97 billion, a P/E ratio of 55.15 and a beta of -0.29. The stock’s 50 day moving average price is $27.04 and its 200 day moving average price is $25.63. First Mid-Illinois Bancshares Inc. has a 1-year low of $22.52 and a 1-year high of $30.62.

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

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

A number of brokerages recently weighed in on FMBH. Zacks Investment Research downgraded shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, November 1st. Stephens began coverage on shares of First Mid-Illinois Bancshares in a research report on Friday, August 26th. They set an “overweight” rating for the company.

A number of hedge funds have recently modified their holdings of the company. California Public Employees Retirement System raised its position 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 worth $284,000 after buying an additional 1,402 shares during the period. New York State Common Retirement Fund raised its position 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 worth $226,000 after buying an additional 2,400 shares during the period. BlackRock Investment Management LLC raised its position in First Mid-Illinois Bancshares by 11.3% in the third quarter. BlackRock Investment Management LLC now owns 23,954 shares of the company’s stock worth $653,000 after buying an additional 2,437 shares during the period. California State Teachers Retirement System raised its position 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 worth $456,000 after buying an additional 4,700 shares during the period. Finally, Wells Fargo & Company MN raised its position in First Mid-Illinois Bancshares by 31.1% in the third quarter. Wells Fargo & Company MN now owns 20,177 shares of the company’s stock worth $550,000 after buying an additional 4,789 shares during the period. Institutional investors and hedge funds own 12.67% of the company’s 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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