First Mid-Illinois Bancshares, Inc. (FMBH) Shares Bought by BlackRock Inc.

BlackRock Inc. grew its stake in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 491,632 shares of the bank’s stock after acquiring an additional 14,045 shares during the period. BlackRock Inc. owned 3.88% of First Mid-Illinois Bancshares worth $18,948,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dupont Capital Management Corp purchased a new stake in First Mid-Illinois Bancshares during the fourth quarter valued at approximately $391,000. OxFORD Asset Management LLP lifted its position in First Mid-Illinois Bancshares by 32.4% during the third quarter. OxFORD Asset Management LLP now owns 11,557 shares of the bank’s stock valued at $438,000 after acquiring an additional 2,830 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in First Mid-Illinois Bancshares by 20.0% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 13,791 shares of the bank’s stock valued at $528,000 after acquiring an additional 2,300 shares during the last quarter. Swiss National Bank purchased a new stake in First Mid-Illinois Bancshares during the fourth quarter valued at approximately $574,000. Finally, Bessemer Group Inc. lifted its position in First Mid-Illinois Bancshares by 18.6% during the fourth quarter. Bessemer Group Inc. now owns 15,300 shares of the bank’s stock valued at $590,000 after acquiring an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 22.75% of the company’s stock.

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FMBH has been the subject of a number of analyst reports. BidaskClub cut shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Zacks Investment Research cut shares of First Mid-Illinois Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. Sandler O’Neill began coverage on shares of First Mid-Illinois Bancshares in a research report on Thursday, April 5th. They set a “buy” rating and a $41.00 target price for the company. DA Davidson raised shares of First Mid-Illinois Bancshares from a “neutral” rating to a “buy” rating and set a $37.00 price target for the company in a report on Friday, February 9th. Finally, ValuEngine cut shares of First Mid-Illinois Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. First Mid-Illinois Bancshares currently has an average rating of “Hold” and a consensus price target of $40.67.

NASDAQ FMBH opened at $35.70 on Thursday. The firm has a market capitalization of $455.38, a price-to-earnings ratio of 15.94, a P/E/G ratio of 1.54 and a beta of 0.08. First Mid-Illinois Bancshares, Inc. has a 12-month low of $31.05 and a 12-month high of $42.03. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.83 and a quick ratio of 0.83.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.11). The company had revenue of $30.69 million during the quarter, compared to analysts’ expectations of $30.80 million. First Mid-Illinois Bancshares had a return on equity of 9.28% and a net margin of 20.54%. equities analysts anticipate that First Mid-Illinois Bancshares, Inc. will post 2.6 earnings per share for the current year.

The business also recently declared a special dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 23rd will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, April 20th. This represents a dividend yield of 1.89%. This is a boost from First Mid-Illinois Bancshares’s previous special dividend of $0.16. First Mid-Illinois Bancshares’s dividend payout ratio (DPR) is currently 30.36%.

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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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