The stock of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) reached all time high today, Nov, 24 and still has $34.21 target or 7.00% above today’s $31.97 share price. This indicates more upside for the $404.66 million company. This technical setup was reported by Barchart.com. If the $34.21 PT is reached, the company will be worth $28.33 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.98% or $0.31 on November 23, hitting $31.97. About 16,546 shares traded hands. First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) has risen 29.02% since April 22, 2016 and is uptrending. It has outperformed by 23.61% the S&P500.
Analysts await First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) to report earnings on November, 25. They expect $0.50 EPS, up 35.14% or $0.13 from last year’s $0.37 per share. FMBH’s profit will be $6.33 million for 15.99 P/E if the $0.50 EPS becomes a reality. After $0.50 actual EPS reported by First Mid-Illinois Bancshares, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
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 3.67 in Q2 2016. Its up 0.67, from 3 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.
Blackrock Institutional Na has invested 0% of its portfolio in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). Blackrock Investment Mngmt Ltd Llc accumulated 21,517 shares or 0% of the stock. Raymond James Na last reported 0.12% of its portfolio in the stock. Deutsche Bancorp Ag has 0% invested in the company for 6,644 shares. Fj Capital Management Limited holds 110,000 shares or 0.54% of its portfolio. Vanguard has invested 0% of its portfolio in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). Jcsd Cap Ltd Company holds 3.91% or 142,292 shares in its portfolio. Maltese Capital Mngmt Limited has invested 0.03% of its portfolio in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). Jacobs Asset Limited Co holds 113,376 shares or 0.85% of its portfolio. Barclays Public Ltd Company reported 623 shares or 0% of all its holdings. Bankshares Of America Corporation De has 0% invested in the company for 108 shares. Teachers Advsr Inc has 9,325 shares for 0% of their US portfolio. Tiaa Cref Investment Mgmt Llc reported 17,949 shares or 0% of all its holdings. Bnp Paribas Arbitrage owns 227 shares or 0% of their US portfolio. Moreover, State Street Corporation has 0% invested in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) for 52,496 shares.
Insider Transactions: Since June 13, 2016, the stock had 11 buys, and 4 insider sales for $475,657 net activity. 377 First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) shares with value of $9,519 were sold by ROWLAND WILLIAM S. $253,633 worth of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) shares were bought by MELVIN GARY W. Another trade for 88 shares valued at $2,301 was made by McRae Eric S on Tuesday, November 15. Another trade for 62 shares valued at $1,621 was bought by Beesley Bradley L. $26,766 worth of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) was bought by Westerhold Mary. Zimmer James Edwin bought $9,126 worth of stock or 349 shares. Shares for $18,547 were bought by Dively Joseph R on Monday, September 12.
Another recent and important First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) news was published by Marketwatch.com which published an article titled: “First Mid-Illinois Bancshares Inc.” on May 17, 2011.
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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