Filing Coverage: Hodgman David R Just Opened Huge First Mid Illinois Bancshares Inc Position

Filing Coverage: Hodgman David R Just Opened Huge First Mid Illinois Bancshares Inc Position

The New Hodgman David R Holding in First Mid Illinois Bancshares Inc

Hodgman David R filed with the SEC SC 13D/A form for First Mid Illinois Bancshares Inc. The form can be accessed here: 000089581316000050. As reported in Hodgman David R’s form, the filler as of late owns 1.9% or 230,912 shares of the Finance–company.

First Mid Illinois Bancshares Inc stake is a new one for the and it was filed because of activity on September8, 2016. We feel this shows Hodgman David R’s positive view for the stock.

Reasons Why Hodgman David R Bought – First Mid Illinois Bancshares Inc Stock

Purpose of Transaction

Purchases of sharesof Common Stock by Mr. Hodgman have been for investment purposes and by Mr. Hodgman in his capacities as more fully described inItem 5 below. Mr. Hodgman may purchase additional shares from time to time depending upon price, market conditions, availabilityof funds, evaluation of other investment opportunities, and other factors. Although Mr. Hodgman has no present intention to sellany shares, he could determine from time to time, based upon the same factors listed above for purchases, to sell some or all ofthe shares held by him.

Except as set forthabove, Mr. Hodgman does not have any plan or proposal which relates to or would result in any of the following matters:

(a)Theacquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer;

(b)Anextraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries;

(c)Asale or transfer of a material amount of assets of the issuer or of any of its subsidiaries;

(d)Anychange in the present board of directors or management of the issuer, including any plans or proposals to change the number orterm of directors or to fill any existing vacancies on the board;

(e)Anymaterial change in the present capitalization or dividend policy of the issuer;

(f)Anyother material change in the issuer’s business or corporate structure;

(g)Changesin the issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition ofcontrol of the issuer by any person;

(h)Causinga class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quotedin an inter-dealer quotation system of a registered national securities association;

Page 5 of 8 Pages

(i)Aclass of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of theSecurities Exchange Act of 1934; or

(j)Anyaction similar to any of those enumerated above.

First Mid Illinois Bancshares Inc Institutional Sentiment

Latest Security and Exchange filings show 12 investors own First Mid Illinois Bancshares Inc. The institutional ownership in Q3 2015 is low, at 9.31% of the outstanding shares. This is decreased by 44707 the total institutional shares. 1158652 were the shares owned by these institutional investors. In total 0 funds opened new First Mid Illinois Bancshares Inc stakes, 3 increased stakes. There were 0 that closed positions and 2 reduced them.

Endeavour Capital Advisors Inc is an institutional investor bullish on First Mid Illinois Bancshares Inc, owning 88095 shares as of Q3 2015 for 0.14% of its portfolio. Allstate Corp owns 226190 shares or 0.52% of its portfolio. NY Jacobs Asset Management Llc have 0.81% of their stock portfolio for 142858 shares. Further, Fj Capital Management Llc reported stake worth 0.57% of its US stock portfolio. The CA Jcsd Capital Llc owns 138822 shares. First Mid Illinois Bancshares Inc is 4.15% of the manager’s US portfolio.

Business 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). It operates in over three primary lines of business: community banking and wealth management through First Mid Bank, and insurance brokerage through First Mid Insurance. Within the community banking line, it serves commercial, retail and agricultural customers with an array of deposit and loan related products. The wealth management line provides estate planning, investment and farm management services. The insurance brokerage line provides commercial lines insurance to businesses, homeowner, health and life.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment increased to 3 in 2016 Q2. Its up 1.40, from 1.6 in 2016Q1. The ratio increased, as 5 funds sold all First Mid-Illinois Bancshares, Inc. shares owned while 4 reduced positions. 22 funds bought stakes while 5 increased positions. They now own 1.50 million shares or 29.31% more from 1.16 million shares in 2016Q1.

State Bank Of America Corp De holds 0% or 108 shares in its portfolio. Jcsd Capital Ltd, a California-based fund reported 142,292 shares. Bnp Paribas Arbitrage Sa has invested 0% of its portfolio in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). Tiaa Cref Investment Mgmt Limited Company reported 17,949 shares or 0% of all its holdings. The New York-based Jacobs Asset Ltd Liability has invested 0.85% in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). California Pub Employees Retirement Systems accumulated 9,000 shares or 0% of the stock. Schwab Charles Inc owns 8,500 shares or 0% of their US portfolio. Barclays Pcl has invested 0% of its portfolio in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). Teachers Advsrs Inc holds 0% or 9,325 shares in its portfolio. Tower Capital Lc (Trc) holds 0% of its portfolio in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) for 315 shares. Northern Tru Corporation has invested 0% of its portfolio in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). Endeavour Incorporated has 0.16% invested in the company for 88,095 shares. Blackrock Advisors Limited Co holds 1,510 shares or 0% of its portfolio. The Germany-based Deutsche Bancorp Ag has invested 0% in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). Wells Fargo And Mn accumulated 0% or 15,388 shares.

Insider Transactions: Since May 12, 2016, the stock had 8 buys, and 2 sales for $523,748 net activity. Zimmer James Edwin bought $9,122 worth of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) on Monday, September 12. McRae Eric S also bought $4,158 worth of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) shares. Another trade for 115 shares valued at $2,898 was made by Beesley Bradley L on Monday, September 12. Another trade for 759 shares valued at $19,165 was sold by ROWLAND WILLIAM S. The insider Dively Joseph R bought 736 shares worth $18,547. Another trade for 9,869 shares valued at $252,548 was bought by MELVIN GARY W.

Analysts await First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) to report earnings on November, 4. They expect $0.51 earnings per share, up 37.84% or $0.14 from last year’s $0.37 per share. FMBH’s profit will be $6.27 million for 12.91 P/E if the $0.51 EPS becomes a reality. After $0.50 actual earnings per share reported by First Mid-Illinois Bancshares, Inc. for the previous quarter, Wall Street now forecasts 2.00% EPS growth.

The stock decreased 2.12% or $0.57 during the last trading session, hitting $26.34. About 25,069 shares traded hands. First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) has risen 5.74% since March 1, 2016 and is uptrending. It has underperformed by 3.51% the S&P500.

First Mid-Illinois Bancshares, Inc. is a financial holding company. The company has a market cap of $323.58 million. The Firm is engaged in the business of banking through its subsidiary, First Mid-Illinois Bank & Trust, N.A. . It has a 14.32 P/E ratio. It provides data processing services to affiliates through its subsidiary, Mid-Illinois Data Services, Inc.

More notable recent First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) news were published by: Marketwatch.com which released: “First Mid-Illinois Bancshares Inc.” on May 17, 2011, also Nasdaq.com with their article: “First Mid-Illinois Bancshares, Inc. (FMBH) Ex-Dividend Date Scheduled for …” published on August 30, 2016, Herald-Review.com published: “ON BIZ: USA-CLEAN; The Perfect Place; First Mid-Illinois Bancshares, Inc.” on September 23, 2016. More interesting news about First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) were released by: Prnewswire.com and their article: “First Mid-Illinois Bancshares, Inc. Common Stock To Begin Trading On NASDAQ …” published on May 02, 2014 as well as Streetinsider.com‘s news article titled: “First Clover Leaf Financial (FCLF) Enters Merger Agreement with First Mid …” with publication date: April 26, 2016.

According to Zacks Investment Research, “First Mid-Illinois Bancshares, Inc. is a financial holding company. The Company is engaged in the business of banking through its wholly owned subsidiary, First Mid-Illinois Bank & Trust, N.A. It operates in three lines of business: community banking and wealth management through First Mid Bank, and insurance brokerage through First Mid Insurance Group. The company’s deposit products include demand, savings, money market, and time deposits, as well as NOW accounts. Its loan portfolio primarily comprise commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans. The company also offers estate planning, investment, and farm management services; and employee benefit services. In addition, it provides commercial lines insurance to businesses; and homeowner, automobile, and other types of personal lines insurance to individuals. First Mid-Illinois Bancshares, Inc is headquartered in Mattoon, Illinois.”

FMBH Company Profile

First Mid-Illinois Bancshares, Inc., incorporated on September 8, 1981, is a financial holding company. The Firm is engaged in the business of banking through its subsidiary, First Mid-Illinois Bank & Trust, N.A. (First Mid Bank). The Firm provides data processing services to affiliates through its subsidiary, Mid-Illinois Data Services, Inc. (MIDS). The Firm offers insurance services and products to clients through its subsidiary, The Checkley Agency, Inc., doing business as, First Mid Insurance Group (First Mid Insurance). The Firm also approximately two statutory business trusts, First Mid-Illinois Statutory Trust I (Trust I) and First Mid-Illinois Statutory Trust II (Trust II).

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