Somewhat Favorable News Coverage Somewhat Unlikely to Affect First Mid-Illinois Bancshares (FMBH) Stock Price

Media headlines about First Mid-Illinois Bancshares (NASDAQ:FMBH) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Mid-Illinois Bancshares earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.6881307763783 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

First Mid-Illinois Bancshares (NASDAQ:FMBH) traded down $0.42 on Tuesday, hitting $35.99. The stock had a trading volume of 15,900 shares, compared to its average volume of 19,983. The company has a current ratio of 0.83, a quick ratio of 0.83 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 PEG ratio of 1.75 and a beta of -0.03. First Mid-Illinois Bancshares has a 1-year low of $27.86 and a 1-year high of $42.03.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last issued its quarterly 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 firm had revenue of $30.53 million during the quarter, compared to analysts’ expectations of $30.75 million. analysts anticipate that First Mid-Illinois Bancshares will post 2.32 earnings per share for the current year.

The firm also recently announced a semiannual dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, December 1st will be issued a $0.34 dividend. This represents a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from First Mid-Illinois Bancshares’s previous semiannual dividend of $0.32. First Mid-Illinois Bancshares’s dividend payout ratio (DPR) is currently 27.59%.

FMBH has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of First Mid-Illinois Bancshares from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, September 26th. BidaskClub upgraded First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd.

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In other news, Director Mary Westerhold acquired 15,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average price of $35.00 per share, for a total transaction of $525,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laurel G. Allenbaugh sold 1,260 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $34.37, for a total value of $43,306.20. Following the completion of the transaction, the insider now owns 3,497 shares in the company, valued at approximately $120,191.89. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,701 shares of company stock worth $129,897. Company insiders own 20.30% of the company’s stock.

About First Mid-Illinois Bancshares

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).

Insider Buying and Selling by Quarter for First Mid-Illinois Bancshares (NASDAQ:FMBH)

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