Northern Trust Corp increased its stake in shares of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) by 2.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 143,739 shares of the bank’s stock after acquiring an additional 2,872 shares during the period. Northern Trust Corp owned 0.94% of First Mid-Illinois Bancshares worth $4,589,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Federated Investors Inc. PA increased its holdings in shares of First Mid-Illinois Bancshares by 134.9% during the 3rd quarter. Federated Investors Inc. PA now owns 1,010 shares of the bank’s stock valued at $40,000 after acquiring an additional 580 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of First Mid-Illinois Bancshares by 3.5% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 26,139 shares of the bank’s stock valued at $1,054,000 after acquiring an additional 875 shares during the last quarter. MetLife Investment Advisors LLC increased its holdings in shares of First Mid-Illinois Bancshares by 58.3% during the 3rd quarter. MetLife Investment Advisors LLC now owns 9,196 shares of the bank’s stock valued at $371,000 after acquiring an additional 3,387 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of First Mid-Illinois Bancshares by 5.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 71,405 shares of the bank’s stock valued at $2,879,000 after acquiring an additional 3,718 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of First Mid-Illinois Bancshares during the 3rd quarter valued at about $162,000. 28.45% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the company. Zacks Investment Research raised First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. ValuEngine lowered First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Finally, BidaskClub lowered First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $44.33.

FMBH opened at $33.58 on Monday. The company has a market capitalization of $559.81 million, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 1.26 and a beta of 0.43. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31. First Mid-Illinois Bancshares, Inc. has a 12-month low of $30.01 and a 12-month high of $42.46.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last released its earnings results on Thursday, January 24th. The bank reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.11). The business had revenue of $42.65 million during the quarter, compared to analyst estimates of $42.07 million. First Mid-Illinois Bancshares had a net margin of 22.88% and a return on equity of 9.85%. Research analysts expect that First Mid-Illinois Bancshares, Inc. will post 2.97 EPS for the current fiscal year.

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First Mid-Illinois Bancshares Company Profile

First Mid-Illinois Bancshares, Inc, through its subsidiaries, provides community banking products and services to commercial, retail, and agricultural customers in the United States. The company accepts various deposit products, such as demand deposits, savings accounts, NOW accounts, money market deposits, and time deposits.

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

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