Insider Buying: First Mid-Illinois Bancshares Inc. (FMBH) CEO Purchases $18,547.20 in Stock
First Mid-Illinois Bancshares Inc. (NASDAQ:FMBH) CEO Joseph R. Dively purchased 736 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was bought at an average cost of $25.20 per share, with a total value of $18,547.20. Following the purchase, the chief executive officer now owns 37,644 shares of the company’s stock, valued at approximately $948,628.80. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of First Mid-Illinois Bancshares Inc. (NASDAQ:FMBH) opened at 25.54 on Tuesday. The company’s 50-day moving average price is $24.71 and its 200 day moving average price is $25.09. First Mid-Illinois Bancshares Inc. has a 1-year low of $21.00 and a 1-year high of $26.50. The firm has a market cap of $251.39 million, a PE ratio of 13.89 and a beta of -0.31.
Several equities research analysts recently commented on FMBH shares. Zacks Investment Research cut First Mid-Illinois Bancshares from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 10th. Stephens started coverage on First Mid-Illinois Bancshares in a research note on Friday, August 26th. They set an “overweight” rating for the company.
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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