First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) Stake Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in shares of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) by 19.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 240,294 shares of the bank’s stock after buying an additional 39,352 shares during the period. Dimensional Fund Advisors LP’s holdings in First Mid-Illinois Bancshares were worth $7,670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FMBH. Morgan Stanley raised its holdings in shares of First Mid-Illinois Bancshares by 198.0% during the third quarter. Morgan Stanley now owns 85,105 shares of the bank’s stock valued at $3,433,000 after buying an additional 56,549 shares during the last quarter. BlackRock Inc. raised its holdings in shares of First Mid-Illinois Bancshares by 5.7% during the fourth quarter. BlackRock Inc. now owns 662,447 shares of the bank’s stock valued at $21,146,000 after buying an additional 35,547 shares during the last quarter. Koshinski Asset Management Inc. raised its holdings in shares of First Mid-Illinois Bancshares by 47.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 96,420 shares of the bank’s stock valued at $3,078,000 after buying an additional 31,225 shares during the last quarter. Zacks Investment Management bought a new stake in shares of First Mid-Illinois Bancshares during the fourth quarter valued at approximately $883,000. Finally, Vanguard Group Inc. raised its holdings in shares of First Mid-Illinois Bancshares by 3.1% during the third quarter. Vanguard Group Inc. now owns 458,277 shares of the bank’s stock valued at $18,482,000 after buying an additional 13,701 shares during the last quarter. 28.98% of the stock is currently owned by institutional investors.

NASDAQ FMBH opened at $33.99 on Friday. First Mid-Illinois Bancshares, Inc. has a 12 month low of $30.49 and a 12 month high of $42.46. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33. The company has a market cap of $566.65 million, a P/E ratio of 12.45, a P/E/G ratio of 1.23 and a beta of 0.45.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last posted its quarterly earnings data on Wednesday, April 24th. The bank reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.08. First Mid-Illinois Bancshares had a net margin of 23.07% and a return on equity of 9.92%. The business had revenue of $46.89 million for the quarter, compared to analyst estimates of $45.97 million. Sell-side analysts predict that First Mid-Illinois Bancshares, Inc. will post 3.01 EPS for the current fiscal year.

The business also recently disclosed a semiannual dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were paid a dividend of $0.36 per share. The ex-dividend date was Friday, May 31st. This represents a dividend yield of 2.08%. First Mid-Illinois Bancshares’s dividend payout ratio is presently 26.37%.

A number of equities research analysts have recently weighed in on FMBH shares. Zacks Investment Research raised First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a report on Monday, February 18th. ValuEngine cut First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Finally, BidaskClub lowered shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $43.00.

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First Mid-Illinois Bancshares Profile

First Mid Bancshares, Inc, through its subsidiaries, provides community banking products and services to commercial, retail, and agricultural customers in the United States. It accepts various deposit products, such as demand deposits, savings accounts, money market deposits, and time deposits. The company's loan products include commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.

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

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