According to Zacks, “First Mid-Illinois Bancshares, Inc. is a financial holding company. The Company is engaged in the business of banking through its wholly owned subsidiary, First Mid-Illinois Bank & Trust, N.A. It operates in three lines of business: community banking and wealth management through First Mid Bank, and insurance brokerage through First Mid Insurance Group. The company’s deposit products include demand, savings, money market, and time deposits, as well as NOW accounts. Its loan portfolio primarily comprise commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans. The company also offers estate planning, investment, and farm management services; and employee benefit services. In addition, it provides commercial lines insurance to businesses; and homeowner, automobile, and other types of personal lines insurance to individuals. First Mid-Illinois Bancshares, Inc is headquartered in Mattoon, Illinois. “
Separately, Stephens started coverage on shares of First Mid-Illinois Bancshares in a research report on Friday, August 26th. They set an overweight rating for the company.
Shares of First Mid-Illinois Bancshares (NASDAQ:FMBH) opened at 26.54 on Wednesday. The stock has a market capitalization of $261.23 million, a P/E ratio of 14.43 and a beta of -0.33. The company’s 50-day moving average is $25.65 and its 200-day moving average is $25.23. First Mid-Illinois Bancshares has a one year low of $21.35 and a one year high of $27.69.
In related news, Director Gary W. Melvin acquired 9,869 shares of First Mid-Illinois Bancshares stock in a transaction dated Tuesday, September 20th. The stock was acquired at an average price of $25.59 per share, for a total transaction of $252,547.71. Following the transaction, the director now owns 618,755 shares of the company’s stock, valued at $15,833,940.45. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 19.30% 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 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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