First Mid-Illinois Bancshares, Inc. (FMBH) CEO Sells $26,322.55 in Stock
First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) CEO Clay M. Dean sold 701 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $37.55, for a total value of $26,322.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) traded down $0.85 on Tuesday, reaching $37.52. The company had a trading volume of 25,786 shares, compared to its average volume of 22,227. First Mid-Illinois Bancshares, Inc. has a 52 week low of $26.28 and a 52 week high of $42.03. The stock has a market cap of $481.91, a price-to-earnings ratio of 16.60, a P/E/G ratio of 1.85 and a beta of -0.03. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.23.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last announced its quarterly earnings data on Thursday, October 26th. The bank reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. First Mid-Illinois Bancshares had a return on equity of 9.92% and a net margin of 22.67%. The company had revenue of $30.53 million during the quarter, compared to analyst estimates of $30.75 million. sell-side analysts predict that First Mid-Illinois Bancshares, Inc. will post 2.32 EPS for the current year.
The business also recently announced a semiannual dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, December 1st will be paid a $0.34 dividend. The ex-dividend date is Thursday, November 30th. This represents a yield of 1.63%. This is an increase from First Mid-Illinois Bancshares’s previous semiannual dividend of $0.32. First Mid-Illinois Bancshares’s dividend payout ratio (DPR) is currently 27.59%.
FMBH has been the subject of several research analyst reports. BidaskClub lowered First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised First Mid-Illinois Bancshares from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, August 8th.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in First Mid-Illinois Bancshares by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 272,530 shares of the bank’s stock worth $9,331,000 after purchasing an additional 6,623 shares during the period. State Street Corp boosted its stake in First Mid-Illinois Bancshares by 40.2% in the 2nd quarter. State Street Corp now owns 153,658 shares of the bank’s stock worth $5,264,000 after purchasing an additional 44,028 shares during the period. Northern Trust Corp boosted its stake in First Mid-Illinois Bancshares by 27.1% in the 2nd quarter. Northern Trust Corp now owns 105,507 shares of the bank’s stock worth $3,612,000 after purchasing an additional 22,496 shares during the period. Geode Capital Management LLC boosted its stake in First Mid-Illinois Bancshares by 5.9% in the 1st quarter. Geode Capital Management LLC now owns 66,257 shares of the bank’s stock worth $2,242,000 after purchasing an additional 3,701 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of First Mid-Illinois Bancshares by 38.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 45,897 shares of the bank’s stock valued at $1,572,000 after acquiring an additional 12,786 shares during the last quarter. Institutional investors and hedge funds own 19.68% of the company’s 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 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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