First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) Director William S. Rowland sold 4,960 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $34.24, for a total value of $169,830.40. Following the transaction, the director now owns 48,407 shares in the company, valued at $1,657,455.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of First Mid-Illinois Bancshares, Inc. (FMBH) opened at 35.38 on Tuesday. First Mid-Illinois Bancshares, Inc. has a 12-month low of $23.67 and a 12-month high of $37.78. The firm has a market capitalization of $442.71 million, a P/E ratio of 15.97 and a beta of -0.08. The firm’s 50-day moving average price is $35.16 and its 200-day moving average price is $33.86.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last released its quarterly earnings results on Thursday, July 27th. The bank reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.10. The firm had revenue of $31.92 million for the quarter, compared to analysts’ expectations of $29.90 million. First Mid-Illinois Bancshares had a net margin of 22.04% and a return on equity of 9.16%. Equities analysts predict that First Mid-Illinois Bancshares, Inc. will post $2.38 earnings per share for the current fiscal year.

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Several brokerages recently issued reports on FMBH. BidaskClub lowered First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded First Mid-Illinois Bancshares from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Tuesday, May 2nd. Finally, DA Davidson began coverage on First Mid-Illinois Bancshares in a research note on Friday, June 9th. They set a “neutral” rating and a $37.00 price target on the stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FMBH. Cornerstone Capital Management Holdings LLC. boosted its position in First Mid-Illinois Bancshares by 6.0% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 13,891 shares of the bank’s stock valued at $469,000 after buying an additional 791 shares in the last quarter. Nationwide Fund Advisors boosted its position in First Mid-Illinois Bancshares by 33.3% in the first quarter. Nationwide Fund Advisors now owns 4,473 shares of the bank’s stock valued at $151,000 after buying an additional 1,117 shares in the last quarter. Context BH Capital Management LP boosted its position in First Mid-Illinois Bancshares by 2.7% in the second quarter. Context BH Capital Management LP now owns 45,880 shares of the bank’s stock valued at $1,571,000 after buying an additional 1,200 shares in the last quarter. American International Group Inc. boosted its position in First Mid-Illinois Bancshares by 38.8% in the first quarter. American International Group Inc. now owns 4,579 shares of the bank’s stock valued at $155,000 after buying an additional 1,279 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in First Mid-Illinois Bancshares by 9.4% in the first quarter. First Trust Advisors LP now owns 23,000 shares of the bank’s stock valued at $778,000 after buying an additional 1,980 shares in the last quarter. 18.95% of the stock is currently owned by hedge funds and other institutional investors.

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 subsidiaries, First Mid-Illinois Bank & Trust, N.A. (First Mid Bank) and First Clover Leaf Bank, N.A. (First Clover Leaf Bank). The Company provides data processing services to affiliates through another subsidiary, Mid-Illinois Data Services, Inc (MIDS).

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

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