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 business’s stock in a transaction on Monday, September 12th. The stock was acquired at an average cost of $25.20 per share, with a total value of $18,547.20. Following the completion of the acquisition, the chief executive officer now directly owns 37,644 shares in the company, valued at approximately $948,628.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of First Mid-Illinois Bancshares Inc. (NASDAQ:FMBH) opened at 25.54 on Tuesday. The stock has a 50 day moving average of $24.71 and a 200 day moving average of $25.09. First Mid-Illinois Bancshares Inc. has a 52 week low of $21.00 and a 52 week high of $26.50. The firm has a market cap of $251.39 million, a P/E ratio of 13.89 and a beta of -0.31.
A number of brokerages have weighed in on FMBH. Zacks Investment Research downgraded shares of First Mid-Illinois Bancshares from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 10th. Stephens initiated coverage on shares of First Mid-Illinois Bancshares in a research note on Friday, August 26th. They issued an “overweight” rating on the stock.
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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