Shares of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) have been assigned a consensus broker rating score of 2.33 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokers have set a twelve-month consensus price objective of $42.50 for the company and are predicting that the company will post $0.64 earnings per share for the current quarter, according to Zacks. Zacks has also given First Mid-Illinois Bancshares an industry rank of 14 out of 265 based on the ratings given to its competitors.
FMBH has been the topic of a number of research reports. Zacks Investment Research upgraded First Mid-Illinois Bancshares from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Tuesday, January 16th. BidaskClub cut First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research note on Friday.
Shares of First Mid-Illinois Bancshares (FMBH) traded down $0.03 during trading on Tuesday, reaching $38.37. The company had a trading volume of 20,983 shares, compared to its average volume of 16,789. First Mid-Illinois Bancshares has a fifty-two week low of $31.05 and a fifty-two week high of $42.03. The company has a market cap of $485.67, a PE ratio of 17.93, a P/E/G ratio of 1.57 and a beta of -0.01. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.36.
In related news, CEO Clay M. Dean sold 701 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was 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 is available through this link. Insiders own 20.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Nationwide Fund Advisors grew its holdings in First Mid-Illinois Bancshares by 27.2% during the 2nd quarter. Nationwide Fund Advisors now owns 5,690 shares of the bank’s stock valued at $195,000 after buying an additional 1,217 shares in the last quarter. California State Teachers Retirement System grew its holdings in First Mid-Illinois Bancshares by 11.9% during the 2nd quarter. California State Teachers Retirement System now owns 17,839 shares of the bank’s stock valued at $611,000 after buying an additional 1,900 shares in the last quarter. Cornerstone Capital Management Holdings LLC. grew its holdings in First Mid-Illinois Bancshares by 20.0% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 13,791 shares of the bank’s stock valued at $528,000 after buying an additional 2,300 shares in the last quarter. Bessemer Group Inc. grew its holdings in First Mid-Illinois Bancshares by 18.6% during the 4th quarter. Bessemer Group Inc. now owns 15,300 shares of the bank’s stock valued at $590,000 after buying an additional 2,400 shares in the last quarter. Finally, OxFORD Asset Management LLP grew its holdings in First Mid-Illinois Bancshares by 32.4% during the 3rd quarter. OxFORD Asset Management LLP now owns 11,557 shares of the bank’s stock valued at $438,000 after buying an additional 2,830 shares in the last quarter. 21.20% of the stock is owned by institutional investors and hedge funds.
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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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