Zacks Investment Management Takes $883,000 Position in First Mid-Illinois Bancshares, Inc. (FMBH)

Zacks Investment Management bought a new stake in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,669 shares of the bank’s stock, valued at approximately $883,000. Zacks Investment Management owned approximately 0.18% of First Mid-Illinois Bancshares as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in FMBH. Federated Investors Inc. PA increased its stake in shares of First Mid-Illinois Bancshares by 134.9% in the third quarter. Federated Investors Inc. PA now owns 1,010 shares of the bank’s stock valued at $40,000 after buying an additional 580 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of First Mid-Illinois Bancshares in the third quarter valued at $162,000. Capital Advisors Inc. OK acquired a new stake in shares of First Mid-Illinois Bancshares in the fourth quarter valued at $215,000. Bank of America Corp DE increased its stake in shares of First Mid-Illinois Bancshares by 82.3% in the fourth quarter. Bank of America Corp DE now owns 8,421 shares of the bank’s stock valued at $269,000 after buying an additional 3,801 shares in the last quarter. Finally, MetLife Investment Advisors LLC increased its stake in shares of First Mid-Illinois Bancshares by 58.3% in the third quarter. MetLife Investment Advisors LLC now owns 9,196 shares of the bank’s stock valued at $371,000 after buying an additional 3,387 shares in the last quarter. Institutional investors own 28.45% of the company’s stock.

Shares of FMBH stock opened at $31.65 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $527.65 million, a P/E ratio of 11.59, a PEG ratio of 1.18 and a beta of 0.44. First Mid-Illinois Bancshares, Inc. has a 12 month low of $30.01 and a 12 month high of $42.46.



First Mid-Illinois Bancshares (NASDAQ:FMBH) last announced its quarterly earnings data on Thursday, January 24th. The bank reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.11). The firm had revenue of $42.65 million during the quarter, compared to analyst estimates of $42.07 million. First Mid-Illinois Bancshares had a return on equity of 9.85% and a net margin of 22.88%. Equities analysts anticipate that First Mid-Illinois Bancshares, Inc. will post 2.98 earnings per share for the current fiscal year.

A number of analysts recently commented on FMBH shares. ValuEngine upgraded First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. BidaskClub lowered First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, January 25th. Finally, Zacks Investment Research lowered First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, February 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $43.50.

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About First Mid-Illinois Bancshares

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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