Dimensional Fund Advisors LP Increases Holdings in First Mid-Illinois Bancshares, Inc. (FMBH)
Dimensional Fund Advisors LP boosted its holdings in shares of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) by 24.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,742 shares of the bank’s stock after acquiring an additional 7,137 shares during the quarter. Dimensional Fund Advisors LP owned 0.29% of First Mid-Illinois Bancshares worth $1,258,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in First Mid-Illinois Bancshares by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 272,530 shares of the bank’s stock worth $9,331,000 after acquiring an additional 6,623 shares during the period. Northern Trust Corp boosted its position in First Mid-Illinois Bancshares by 27.1% during the 2nd quarter. Northern Trust Corp now owns 105,507 shares of the bank’s stock worth $3,612,000 after acquiring an additional 22,496 shares during the period. Geode Capital Management LLC boosted its position in First Mid-Illinois Bancshares by 5.9% during the 1st quarter. Geode Capital Management LLC now owns 66,257 shares of the bank’s stock worth $2,242,000 after acquiring an additional 3,701 shares during the period. Bank of New York Mellon Corp boosted its position in First Mid-Illinois Bancshares by 38.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 45,897 shares of the bank’s stock worth $1,572,000 after acquiring an additional 12,786 shares during the period. Finally, Context BH Capital Management LP boosted its position in First Mid-Illinois Bancshares by 2.7% during the 2nd quarter. Context BH Capital Management LP now owns 45,880 shares of the bank’s stock worth $1,571,000 after acquiring an additional 1,200 shares during the period. Hedge funds and other institutional investors own 20.39% of the company’s stock.
In other news, insider Laurel G. Allenbaugh sold 780 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $34.99, for a total transaction of $27,292.20. Following the completion of the sale, the insider now directly owns 2,674 shares of the company’s stock, valued at approximately $93,563.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Clay M. Dean sold 701 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $37.55, for a total value of $26,322.55. The disclosure for this sale can be found here. 20.30% of the stock is owned by company insiders.
Shares of First Mid-Illinois Bancshares, Inc. (FMBH) opened at $39.69 on Friday. First Mid-Illinois Bancshares, Inc. has a one year low of $28.15 and a one year high of $42.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $508.13, a PE ratio of 17.36, a PEG ratio of 1.93 and a beta of -0.01.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last posted its quarterly earnings results on Thursday, October 26th. The bank reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. First Mid-Illinois Bancshares had a return on equity of 9.75% and a net margin of 22.67%. The company had revenue of $30.53 million during the quarter, compared to the consensus estimate of $30.75 million. equities research analysts anticipate that First Mid-Illinois Bancshares, Inc. will post 2.32 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, November 30th. This is an increase from First Mid-Illinois Bancshares’s previous semiannual dividend of $0.32. This represents a dividend yield of 1.63%. First Mid-Illinois Bancshares’s dividend payout ratio (DPR) is 29.31%.
Separately, Zacks Investment Research upgraded First Mid-Illinois Bancshares from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Tuesday, August 8th.
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First Mid-Illinois Bancshares Profile
First Mid-Illinois Bancshares, Inc is a financial holding company. The Company is engaged in the business of banking through its subsidiaries, First Mid-Illinois Bank & Trust, N.A. (First Mid Bank) and First Clover Leaf Bank, N.A. (First Clover Leaf Bank). The Company provides data processing services to affiliates through another subsidiary, Mid-Illinois Data Services, Inc (MIDS).
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