Ray A. Sparks Sells 4,206 Shares of First Mid-Illinois Bancshares Inc. (FMBH) Stock
First Mid-Illinois Bancshares Inc. (NASDAQ:FMBH) Director Ray A. Sparks sold 4,206 shares of the stock in a transaction on Tuesday, November 29th. The stock was sold at an average price of $30.99, for a total value of $130,343.94. Following the completion of the transaction, the director now owns 282,858 shares of the company’s stock, valued at approximately $8,765,769.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
First Mid-Illinois Bancshares Inc. (NASDAQ:FMBH) opened at 30.45 on Thursday. The stock’s 50 day moving average price is $28.00 and its 200 day moving average price is $25.94. The company has a market capitalization of $379.32 million, a P/E ratio of 15.45 and a beta of -0.29. First Mid-Illinois Bancshares Inc. has a one year low of $22.56 and a one year high of $33.53.
The business also recently announced a dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, November 29th. First Mid-Illinois Bancshares’s dividend payout ratio is currently 17.39%.
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A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded First Mid-Illinois Bancshares from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 10th. Stephens assumed coverage on First Mid-Illinois Bancshares in a report on Friday, August 26th. They issued an “overweight” rating for the company.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors increased its position 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 valued at $5,585,000 after buying an additional 71,038 shares in the last quarter. Northern Trust Corp increased its position 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 valued at $1,557,000 after buying an additional 46,920 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position 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 valued at $1,336,000 after buying an additional 12,535 shares in the last quarter. Context BH Capital Management LP bought a new position in First Mid-Illinois Bancshares during the third quarter valued at $1,240,000. Finally, Bank of Montreal Can bought a new position in First Mid-Illinois Bancshares during the third quarter valued at $773,000. 15.73% of the stock is currently owned by hedge funds and other institutional investors.
About First Mid-Illinois Bancshares
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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