Cornerstone Capital Management Holdings LLC. Boosts Position in First Mid-Illinois Bancshares, Inc. (FMBH)
Cornerstone Capital Management Holdings LLC. lifted its position in shares of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) by 20.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,791 shares of the bank’s stock after acquiring an additional 2,300 shares during the period. Cornerstone Capital Management Holdings LLC. owned about 0.11% of First Mid-Illinois Bancshares worth $528,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of FMBH. OxFORD Asset Management LLP grew its stake in First Mid-Illinois Bancshares by 32.4% during the 3rd quarter. OxFORD Asset Management LLP now owns 11,557 shares of the bank’s stock worth $438,000 after buying an additional 2,830 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of First Mid-Illinois Bancshares by 67.1% in the third quarter. Dimensional Fund Advisors LP now owns 61,408 shares of the bank’s stock worth $2,358,000 after purchasing an additional 24,666 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of First Mid-Illinois Bancshares in the third quarter worth $331,000. First Trust Advisors LP bought a new position in shares of First Mid-Illinois Bancshares in the third quarter worth $273,000. Finally, California State Teachers Retirement System grew its stake in shares of First Mid-Illinois Bancshares by 11.9% in the second quarter. California State Teachers Retirement System now owns 17,839 shares of the bank’s stock worth $611,000 after purchasing an additional 1,900 shares in the last quarter. 20.36% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research upgraded First Mid-Illinois Bancshares from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Friday, September 8th.
Shares of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) opened at $38.15 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $489.35, a price-to-earnings ratio of 16.44, a PEG ratio of 1.83 and a beta of -0.01. First Mid-Illinois Bancshares, Inc. has a twelve month low of $28.37 and a twelve month high of $42.03.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last announced its earnings results on Thursday, October 26th. The bank reported $0.61 EPS for the quarter, beating the 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 business had revenue of $30.53 million during the quarter, compared to the consensus estimate of $30.75 million. analysts forecast that First Mid-Illinois Bancshares, Inc. will post 2.35 EPS for the current year.
The business also recently announced a semiannual dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, December 1st were issued a dividend of $0.34 per share. This represents a dividend yield of 1.63%. This is an increase from First Mid-Illinois Bancshares’s previous semiannual dividend of $0.32. The ex-dividend date was Thursday, November 30th. First Mid-Illinois Bancshares’s dividend payout ratio is currently 29.31%.
In other news, CEO Clay M. Dean sold 701 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $37.55, for a total transaction of $26,322.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 20.30% of the company’s stock.
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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).
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