Elizabeth L Celio disclosed that they own 6.7% of First Mid-Illinois Bancshares Inc. (NASDAQ:FMBH) in a Schedule 13D/A disclosure that was filed with the SEC on Tuesday, October 4th. The investor owns 835,411 shares of the stock worth approximately $22,004,726. The filing is available through Edgar at this hyperlink.
First Mid-Illinois Bancshares Inc. (NASDAQ:FMBH) traded down 2.12% during midday trading on Tuesday, hitting $26.34. 25,069 shares of the stock were exchanged. The company has a market capitalization of $259.26 million, a P/E ratio of 14.32 and a beta of -0.33. The company’s 50 day moving average is $25.40 and its 200 day moving average is $25.18. First Mid-Illinois Bancshares Inc. has a 1-year low of $21.05 and a 1-year high of $27.69.
A number of equities research analysts have recently weighed in on FMBH shares. Zacks Investment Research downgraded shares of First Mid-Illinois Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Stephens started coverage on shares of First Mid-Illinois Bancshares in a research note on Friday, August 26th. They issued an “overweight” rating on the stock.
In other First Mid-Illinois Bancshares news, Director Gary W. Melvin acquired 9,869 shares of the company’s stock in a transaction on Tuesday, September 20th. The shares were acquired at an average cost of $25.59 per share, with a total value of $252,547.71. Following the completion of the acquisition, the director now directly owns 618,755 shares in the company, valued at $15,833,940.45. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 19.30% of the company’s stock.
First Mid-Illinois Bancshares Company Profile
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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