Dimensional Fund Advisors LP Purchases 24,666 Shares of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH)

Dimensional Fund Advisors LP lifted its holdings in shares of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) by 67.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 61,408 shares of the bank’s stock after acquiring an additional 24,666 shares during the period. Dimensional Fund Advisors LP owned approximately 0.49% of First Mid-Illinois Bancshares worth $2,358,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FMBH. Schwab Charles Investment Management Inc. grew its stake in shares of First Mid-Illinois Bancshares by 38.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 18,900 shares of the bank’s stock worth $648,000 after acquiring an additional 5,200 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of First Mid-Illinois Bancshares by 38.6% during the second quarter. Bank of New York Mellon Corp now owns 45,897 shares of the bank’s stock worth $1,572,000 after acquiring an additional 12,786 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of First Mid-Illinois Bancshares by 45.1% during the second quarter. Teachers Advisors LLC now owns 17,762 shares of the bank’s stock worth $608,000 after acquiring an additional 5,521 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of First Mid-Illinois Bancshares by 44.3% during the second quarter. TIAA CREF Investment Management LLC now owns 26,853 shares of the bank’s stock worth $919,000 after acquiring an additional 8,246 shares during the last quarter. Finally, Nationwide Fund Advisors grew its stake in shares of First Mid-Illinois Bancshares by 27.2% during the second quarter. Nationwide Fund Advisors now owns 5,690 shares of the bank’s stock worth $195,000 after acquiring an additional 1,217 shares during the last quarter. Institutional investors and hedge funds own 21.32% of the company’s stock.

A number of equities research analysts recently commented on FMBH shares. Zacks Investment Research lowered First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. BidaskClub lowered First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Finally, DA Davidson upgraded First Mid-Illinois Bancshares from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, February 9th.

Shares of First Mid-Illinois Bancshares, Inc. (FMBH) opened at $35.42 on Thursday. The company has a market capitalization of $445.91, a P/E ratio of 16.55, a P/E/G ratio of 1.43 and a beta of -0.04. First Mid-Illinois Bancshares, Inc. has a 52-week low of $31.05 and a 52-week high of $42.03. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.83 and a quick ratio of 0.83.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last issued its earnings results on Thursday, January 25th. The bank reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.11). The firm had revenue of $30.69 million during the quarter, compared to analysts’ expectations of $30.80 million. First Mid-Illinois Bancshares had a net margin of 20.54% and a return on equity of 9.33%. equities analysts expect that First Mid-Illinois Bancshares, Inc. will post 2.73 EPS for the current year.

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First Mid-Illinois Bancshares 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).

Institutional Ownership by Quarter for First Mid-Illinois Bancshares (NASDAQ:FMBH)

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