Eric S. Mcrae Sells 1,200 Shares of First Mid-Illinois Bancshares, Inc. (FMBH) Stock

First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) insider Eric S. Mcrae sold 1,200 shares of the stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $33.10, for a total value of $39,720.00. Following the transaction, the insider now directly owns 10,563 shares in the company, valued at approximately $349,635.30. The transaction was disclosed in a filing with the SEC, which is available at this link.

First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) traded up 0.70% during mid-day trading on Friday, reaching $33.00. The company had a trading volume of 4,116 shares. The firm’s 50 day moving average price is $32.27 and its 200-day moving average price is $28.86. First Mid-Illinois Bancshares, Inc. has a 12 month low of $22.95 and a 12 month high of $36.80. The company has a market capitalization of $411.51 million, a price-to-earnings ratio of 16.10 and a beta of -0.13.

Insider Buying and Selling by Quarter for First Mid-Illinois Bancshares (NASDAQ:FMBH)

“Eric S. Mcrae Sells 1,200 Shares of First Mid-Illinois Bancshares, Inc. (FMBH) Stock” was originally posted by Web Breaking News and is owned by of Web Breaking News. If you are accessing this report on another site, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this report can be read at http://www.webbreakingnews.com/2017/02/17/eric-s-mcrae-sells-1200-shares-of-first-mid-illinois-bancshares-inc-fmbh-stock.html.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, December 15th. Stephens cut First Mid-Illinois Bancshares from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 21st.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new position in First Mid-Illinois Bancshares during the third quarter valued at about $773,000. California Public Employees Retirement System boosted its position in First Mid-Illinois Bancshares by 15.6% in the third quarter. California Public Employees Retirement System now owns 10,402 shares of the company’s stock valued at $284,000 after buying an additional 1,402 shares in the last quarter. Wells Fargo & Company MN boosted its position in First Mid-Illinois Bancshares by 31.1% in the third quarter. Wells Fargo & Company MN now owns 20,177 shares of the company’s stock valued at $550,000 after buying an additional 4,789 shares in the last quarter. Spark Investment Management LLC acquired a new position in First Mid-Illinois Bancshares during the third quarter valued at about $202,000. Finally, Context BH Capital Management LP acquired a new position in First Mid-Illinois Bancshares during the third quarter valued at about $1,240,000. 15.78% of the stock is owned by institutional investors and hedge funds.

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).

5 Day Chart for NASDAQ:FMBH

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