First Mid-Illinois Bancshares Inc. (NASDAQ:FMBH) CEO Joseph R. Dively acquired 394 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were purchased at an average cost of $26.15 per share, for a total transaction of $10,303.10. Following the purchase, the chief executive officer now directly owns 37,644 shares in the company, valued at $984,390.60. The purchase 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 2.59% during midday trading on Friday, reaching $31.29. 13,989 shares of the company were exchanged. The company has a 50 day moving average of $27.15 and a 200-day moving average of $25.66. First Mid-Illinois Bancshares Inc. has a 52-week low of $22.52 and a 52-week high of $31.45. The company has a market capitalization of $389.78 million, a price-to-earnings ratio of 15.88 and a beta of -0.29.

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

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

A number of large investors have recently modified their holdings of FMBH. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of First Mid-Illinois Bancshares during the third quarter worth $198,000. Context BH Capital Management LP purchased a new stake in shares of First Mid-Illinois Bancshares during the third quarter worth $1,240,000. Spark Investment Management LLC purchased a new stake in shares of First Mid-Illinois Bancshares during the third quarter worth $202,000. Northern Trust Corp boosted its stake in shares of First Mid-Illinois Bancshares by 460.3% in the third quarter. Northern Trust Corp now owns 57,113 shares of the company’s stock worth $1,557,000 after buying an additional 46,920 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of 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 in the last quarter. Institutional investors own 12.67% of the company’s stock.

FMBH has been the topic of a number of analyst reports. Zacks Investment Research cut shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, November 1st. Stephens initiated coverage on shares of First Mid-Illinois Bancshares in a research note on Friday, August 26th. They issued 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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