First Mid-Illinois Bancshares Inc. (fmbh) to Issue Dividend of $0.16 on December 8th
First Mid-Illinois Bancshares Inc. (NASDAQ:fmbh) announced a dividend on Wednesday, November 2nd. Investors of record on Thursday, December 1st will be given a dividend of 0.16 per share on Thursday, December 8th. The ex-dividend date is Tuesday, November 29th.
Shares of First Mid-Illinois Bancshares (NASDAQ:FMBH) opened at 31.83 on Monday. The company’s 50 day moving average is $27.86 and its 200-day moving average is $25.89. First Mid-Illinois Bancshares has a 1-year low of $22.52 and a 1-year high of $33.53. The company has a market capitalization of $396.51 million, a P/E ratio of 16.15 and a beta of -0.29.
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A number of equities research analysts have issued reports on FMBH shares. Zacks Investment Research downgraded shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, November 1st. Stephens started coverage on shares of First Mid-Illinois Bancshares in a research note on Friday, August 26th. They set an “overweight” rating on the stock.
In other news, Director William S. Rowland sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $26.75, for a total value of $26,750.00. Following the sale, the director now directly owns 46,876 shares in the company, valued at approximately $1,253,933. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gary W. Melvin purchased 9,869 shares of First Mid-Illinois Bancshares stock in a transaction dated Tuesday, September 20th. The stock was bought at an average price of $25.59 per share, for a total transaction of $252,547.71. Following the completion of the purchase, the director now owns 618,755 shares in the company, valued at approximately $15,833,940.45. The disclosure for this purchase can be found here. 19.30% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. BlackRock Fund Advisors increased its stake in First Mid-Illinois Bancshares by 53.1% in the third quarter. BlackRock Fund Advisors now owns 204,881 shares of the company’s stock worth $5,585,000 after buying an additional 71,038 shares during the last quarter. Northern Trust Corp increased its stake in 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 during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in First Mid-Illinois Bancshares by 34.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 48,999 shares of the company’s stock worth $1,336,000 after buying an additional 12,535 shares during the last quarter. BlackRock Investment Management LLC increased its stake 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 last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of 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 worth $521,000 after buying an additional 8,743 shares during the period. Institutional investors own 14.25% 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).
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