Notable Runner: Today First Mid-Illinois Bancshares, Inc. Stock Reaches 52-Week High

Notable Runner: Today First Mid Illinois Bancshares, Inc. Stock Reaches 52 Week High

The stock of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) hit a new 52-week high and has $65.43 target or 123.00% above today’s $29.34 share price. The 9 months bullish chart indicates low risk for the $372.35 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $65.43 price target is reached, the company will be worth $457.99M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 43,720 shares traded hands or 61.57% up from the average. First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) has risen 10.56% since April 11, 2016 and is uptrending. It has outperformed by 4.41% the S&P500.

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.”

Insitutional Activity: The institutional sentiment increased to 3 in Q2 2016. Its up 1.40, from 1.6 in 2016Q1. The ratio improved, 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.
Moreover, Deutsche Bank Ag has 0% invested in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) for 6,644 shares. California Pub Employees Retirement reported 9,000 shares or 0% of all its holdings. The Florida-based Raymond James Trust Na has invested 0.12% in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). Barclays Public Llc holds 0% or 623 shares in its portfolio. Moreover, Schwab Charles Inv has 0% invested in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) for 8,500 shares. Teachers Advsrs Incorporated last reported 0% of its portfolio in the stock. Allstate owns 226,190 shares or 0.37% of their US portfolio. Moreover, Bnp Paribas Arbitrage has 0% invested in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) for 227 shares. Wellington Mgmt Grp Llp holds 382,628 shares or 0% of its portfolio. Bank & Trust Of America De holds 108 shares or 0% of its portfolio. The New York-based New York State Common Retirement Fund has invested 0% in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). State Street holds 0% of its portfolio in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) for 52,496 shares. Blackrock Lc accumulated 0% or 1,510 shares. Nationwide Fund Advsrs, a Pennsylvania-based fund reported 3,356 shares. Strs Ohio accumulated 1,900 shares or 0% of the stock.

Insider Transactions: Since May 12, 2016, the stock had 7 insider buys, and 3 insider sales for $512,238 net activity. $252,548 worth of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) was bought by MELVIN GARY W. $26,750 worth of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) was sold by ROWLAND WILLIAM S. The insider Zimmer James Edwin bought $9,122. $18,547 worth of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) was bought by Dively Joseph R on Monday, September 12. 115 First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) shares with value of $2,898 were bought by Beesley Bradley L. 1,000 shares were bought by Westerhold Mary, worth $26,766. Another trade for 165 shares valued at $4,158 was made by McRae Eric S on Monday, September 12.

More news for First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) were recently published by: Marketwatch.com, which released: “First Mid-Illinois Bancshares Inc.” on May 17, 2011. Nasdaq.com‘s article titled: “First Mid-Illinois Bancshares, Inc. (FMBH) Ex-Dividend Date Scheduled for …” and published on August 30, 2016 is yet another important article.

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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