Gary W. Melvin Buys 9,869 Shares of First Mid-Illinois Bancshares Inc. (FMBH) Stock
First Mid-Illinois Bancshares Inc. (NASDAQ:FMBH) Director Gary W. Melvin acquired 9,869 shares of the company’s stock in a transaction dated Tuesday, September 20th. The shares were purchased at an average price of $25.59 per share, with a total value of $252,547.71. Following the completion of the acquisition, the director now owns 618,755 shares in the company, valued at $15,833,940.45. The purchase was disclosed in a filing with the SEC, which is available at this link.
First Mid-Illinois Bancshares Inc. (NASDAQ:FMBH) opened at 26.28 on Friday. First Mid-Illinois Bancshares Inc. has a 12 month low of $21.05 and a 12 month high of $26.50. The company has a market cap of $258.67 million, a PE ratio of 14.29 and a beta of -0.31. The stock’s 50 day moving average is $24.91 and its 200 day moving average is $25.11.
A number of analysts have recently commented on FMBH shares. Stephens initiated coverage on First Mid-Illinois Bancshares in a report on Friday, August 26th. They set an “overweight” rating for the company. Zacks Investment Research downgraded First Mid-Illinois Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th.
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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