Vanguard Group Inc. raised its stake in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) by 2.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 265,907 shares of the bank’s stock after acquiring an additional 5,445 shares during the period. Vanguard Group Inc. owned approximately 2.13% of First Mid-Illinois Bancshares worth $8,998,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FMBH. Teachers Advisors LLC increased its holdings in First Mid-Illinois Bancshares by 31.3% in the 4th quarter. Teachers Advisors LLC now owns 12,241 shares of the bank’s stock valued at $416,000 after acquiring an additional 2,916 shares during the last quarter. Nationwide Fund Advisors increased its holdings in First Mid-Illinois Bancshares by 33.3% in the 1st quarter. Nationwide Fund Advisors now owns 4,473 shares of the bank’s stock valued at $151,000 after acquiring an additional 1,117 shares during the last quarter. First Trust Advisors LP increased its holdings in First Mid-Illinois Bancshares by 9.4% in the 1st quarter. First Trust Advisors LP now owns 23,000 shares of the bank’s stock valued at $778,000 after acquiring an additional 1,980 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in First Mid-Illinois Bancshares by 7.9% in the 1st quarter. Bank of New York Mellon Corp now owns 33,111 shares of the bank’s stock valued at $1,120,000 after acquiring an additional 2,427 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in First Mid-Illinois Bancshares in the 1st quarter valued at $161,000. Institutional investors own 20.11% of the company’s stock.

Shares of First Mid-Illinois Bancshares, Inc. (NASDAQ FMBH) traded up 0.92% during trading on Monday, hitting $35.00. 16,945 shares of the company’s stock were exchanged. The company has a market cap of $437.96 million, a P/E ratio of 15.79 and a beta of -0.06. First Mid-Illinois Bancshares, Inc. has a 12-month low of $24.85 and a 12-month high of $37.78. The company has a 50-day moving average of $35.05 and a 200-day moving average of $34.10.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last issued its earnings results on Thursday, July 27th. The bank reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.10. The business had revenue of $31.92 million during 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%. On average, equities analysts expect that First Mid-Illinois Bancshares, Inc. will post $2.38 earnings per share for the current fiscal year.

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In other news, Director Ray A. Sparks sold 7,921 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $36.84, for a total value of $291,809.64. Following the completion of the sale, the director now directly owns 282,858 shares in the company, valued at $10,420,488.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Laurel G. Allenbaugh sold 1,260 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $34.37, for a total transaction of $43,306.20. Following the completion of the sale, the insider now owns 3,497 shares of the company’s stock, valued at $120,191.89. The disclosure for this sale can be found here. Insiders sold 18,320 shares of company stock valued at $655,850 over the last quarter. Company insiders own 20.30% of the company’s stock.

A number of equities analysts have commented on FMBH shares. Zacks Investment Research raised shares of First Mid-Illinois Bancshares from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, August 8th. BidaskClub raised shares of First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, DA Davidson started coverage on shares of First Mid-Illinois Bancshares in a research note on Friday, June 9th. They issued a “neutral” rating and a $37.00 price objective for the company.

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 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).

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Institutional Ownership by Quarter for First Mid-Illinois Bancshares (NASDAQ:FMBH)

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