First Mid-Illinois Bancshares Inc. (FMBH) Director Acquires $252,547.71 in Stock

First Mid-Illinois Bancshares Inc. (NASDAQ:FMBH) Director Gary W. Melvin purchased 9,869 shares of the stock in a transaction on Tuesday, September 20th. The stock was acquired at an average price of $25.59 per share, with a total value of $252,547.71. Following the completion of the acquisition, the director now directly owns 618,755 shares of the company’s stock, valued at $15,833,940.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of First Mid-Illinois Bancshares Inc. (NASDAQ:FMBH) opened at 26.25 on Monday. The company has a market capitalization of $258.38 million, a P/E ratio of 14.27 and a beta of -0.31. The firm has a 50 day moving average price of $24.98 and a 200 day moving average price of $25.11. First Mid-Illinois Bancshares Inc. has a one year low of $21.05 and a one year high of $26.50.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded First Mid-Illinois Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Stephens assumed coverage on First Mid-Illinois Bancshares in a report on Friday, August 26th. They issued an “overweight” rating for the company.

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 subsidiary, First Mid-Illinois Bank & Trust, N.A. (First Mid Bank). It provides data processing services to affiliates through its subsidiary, Mid-Illinois Data Services, Inc It offers insurance products and services to customers through its subsidiary, The Checkley Agency, Inc, doing business as, First Mid Insurance Group (First Mid Insurance).

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