Insder Trading Filing: First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH)’s Insider Ray Sparks Sold 4,206 Shares

November 29, 2016 - By Dolores Ford

Insder Trading Filing: First Mid Illinois Bancshares, Inc. (NASDAQ:FMBH)'s Insider Ray Sparks Sold 4,206 Shares

Ray Sparks Insider Sell

Ray Sparks, the insider, who is for the time being the director of First Mid Illinois Bancshares Inc unloaded around 4,206 shares of the company worth $130,343 USD estimated based on 31.0 USD per share. The probability of this stocks unloading remaining disregarded is very little, with the director right now owning 448,842 shares – that is 3.66% of the total market cap of the Company. A report available here discloses this insider activity, that was made on 29-11-2016 and was filed with the (SEC).

Insitutional Activity: The institutional sentiment increased to 3.67 in 2016 Q2. Its up 0.67, from 3 in 2016Q1. The ratio is positive, 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 last reported 0% of its portfolio in the stock. Vanguard last reported 0% of its portfolio in the stock. The California-based Blackrock Institutional Trust Na has invested 0% in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). Endeavour Incorporated holds 0.16% or 88,095 shares in its portfolio. Moreover, State Street has 0% invested in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) for 52,496 shares. Moreover, Blackrock Fund Advisors has 0% invested in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) for 133,843 shares. Tiaa Cref Inv Mngmt Limited Liability Corporation last reported 0% of its portfolio in the stock. Blackrock Investment Mngmt Ltd Liability owns 21,517 shares or 0% of their US portfolio. Allstate has invested 0.37% of its portfolio in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). California State Teachers Retirement Sys holds 0% or 12,039 shares in its portfolio. Raymond James Tru Na accumulated 0.12% or 54,598 shares. Barclays Public Limited Company has 0% invested in the company for 623 shares. Fj Capital Management Ltd Liability Corp has 110,000 shares for 0.54% of their US portfolio. Moreover, Blackrock Advsr Ltd Liability Co has 0% invested in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) for 1,510 shares. Wellington Mgmt Grp Inc Llp holds 382,628 shares or 0% of its portfolio.

Insider Transactions: Since June 13, 2016, the stock had 11 insider buys, and 4 sales for $475,657 net activity. ROWLAND WILLIAM S also sold $9,519 worth of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) on Monday, June 13. Zimmer James Edwin had bought 362 shares worth $9,122. Dively Joseph R had bought 736 shares worth $18,547. MELVIN GARY W had bought 9,869 shares worth $252,548. 1,000 shares with value of $26,766 were bought by Westerhold Mary on Wednesday, November 9. Shares for $1,621 were bought by Beesley Bradley L on Tuesday, November 15. Shares for $4,158 were bought by McRae Eric S.

The stock decreased 1.49% or $0.46 on November 29, hitting $30.41. About 10,899 shares traded hands. First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) has risen 22.79% since April 26, 2016 and is uptrending. It has outperformed by 17.53% the S&P500.

First Mid-Illinois Bancshares, Inc. is a financial holding company. The company has a market cap of $369.31 million. The Firm is engaged in the business of banking through its subsidiary, First Mid-Illinois Bank & Trust, N.A. . It has a 15.43 P/E ratio. It provides data processing services to affiliates through its subsidiary, Mid-Illinois Data Services, Inc.

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.”

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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