TIAA CREF Investment Management LLC grew its stake in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) by 44.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,853 shares of the bank’s stock after acquiring an additional 8,246 shares during the period. TIAA CREF Investment Management LLC owned 0.21% of First Mid-Illinois Bancshares worth $919,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in FMBH. Goldman Sachs Group Inc. bought a new position in shares of First Mid-Illinois Bancshares in the 1st quarter valued at about $903,000. Bank of New York Mellon Corp grew its holdings in shares of First Mid-Illinois Bancshares by 38.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 45,897 shares of the bank’s stock valued at $1,572,000 after acquiring an additional 12,786 shares in the last quarter. Rhumbline Advisers bought a new position in shares of First Mid-Illinois Bancshares in the 2nd quarter valued at about $370,000. Dimensional Fund Advisors LP grew its holdings in First Mid-Illinois Bancshares by 46.5% during the first quarter. Dimensional Fund Advisors LP now owns 29,605 shares of the bank’s stock worth $1,002,000 after purchasing an additional 9,395 shares during the period. Finally, Martingale Asset Management L P grew its holdings in First Mid-Illinois Bancshares by 26.8% during the second quarter. Martingale Asset Management L P now owns 37,405 shares of the bank’s stock worth $1,281,000 after purchasing an additional 7,904 shares during the period. Institutional investors own 19.68% of the company’s stock.
First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) opened at $36.41 on Friday. First Mid-Illinois Bancshares, Inc. has a 1-year low of $26.56 and a 1-year high of $42.03. The company has a current ratio of 0.83, a quick ratio of 0.78 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $459.42, a PE ratio of 15.69, a P/E/G ratio of 1.75 and a beta of -0.03.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last posted its quarterly earnings results on Thursday, October 26th. The bank reported $0.61 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $30.53 million during the quarter, compared to analysts’ expectations of $30.75 million. analysts forecast that First Mid-Illinois Bancshares, Inc. will post 2.32 EPS for the current fiscal year.
The firm also recently declared a semiannual dividend, which will be paid on Friday, December 8th. Investors of record on Friday, December 1st will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a yield of 1.63%. This is a boost from First Mid-Illinois Bancshares’s previous semiannual dividend of $0.32. First Mid-Illinois Bancshares’s dividend payout ratio (DPR) is presently 27.59%.
In related news, CEO Clay M. Dean sold 701 shares of First Mid-Illinois Bancshares stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $37.55, for a total transaction of $26,322.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary Westerhold acquired 15,000 shares of the business’s stock in a transaction on Monday, August 21st. The shares were bought at an average price of $35.00 per share, with a total value of $525,000.00. The disclosure for this purchase can be found here. Insiders have sold 8,661 shares of company stock valued at $299,727 in the last quarter. 20.30% of the stock is currently owned by corporate insiders.
A number of research firms recently commented on FMBH. Zacks Investment Research cut First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. BidaskClub upgraded First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd.
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 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).
Want to see what other hedge funds are holding FMBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH).
Receive News & Ratings for First Mid-Illinois Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Mid-Illinois Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.