NASDAQ:FMBH', 'First Mid-Illinois Bancshares Inc.', 'http://weeklyregister.com/weekly-register-logo.png');

First Mid-Illinois Bancshares, Inc. (FMBH) Draws Bullish Attention After Forming Bullish Double Top Pattern

December 7, 2017 - By Kurt Siggers

Investors sentiment increased to 2.07 in Q2 2017. Its up 0.51, from 1.56 in 2017Q1. It improved, as 4 investors sold First Mid-Illinois Bancshares, Inc. shares while 11 reduced holdings. 7 funds opened positions while 24 raised stakes. 2.41 million shares or 6.69% more from 2.26 million shares in 2017Q1 were reported.
Metropolitan Life Insurance Company Ny has invested 0% in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). Royal Bankshares Of Canada, Ontario – Canada-based fund reported 31 shares. California Pub Employees Retirement has invested 0% in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). Citigroup reported 0% in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). New York-based Renaissance Limited Liability Company has invested 0% in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). Moreover, Tower Ltd Liability Corporation (Trc) has 0% invested in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). 69,800 are owned by Maltese Capital Mgmt Ltd Liability Corp. Fj Capital Management Limited Company owns 85,700 shares. Moreover, Wellington Mngmt Llp has 0% invested in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) for 494,877 shares. 26,336 are owned by Goldman Sachs Grp. Bessemer Grp holds 0% of its portfolio in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) for 12,900 shares. Cornerstone Management Lc holds 0% or 11,491 shares. California-based Assetmark has invested 0% in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). Natl Bank Of Mellon Corporation, a New York-based fund reported 45,897 shares. Forte Capital Ltd Adv invested in 15,200 shares.

Since June 13, 2017, it had 0 buys, and 3 selling transactions for $408,352 activity. Shares for $291,810 were sold by SPARKS RAY A on Tuesday, June 13.

The chart of First Mid-Illinois Bancshares, Inc. (FMBH) shows a double top with $41.01 target or 4.00 % above today’s $39.43 share price. The 8 months chart pattern indicates low risk for the $497.53M company. It was reported on Dec, 7 by Finviz.com. If the $41.01 price target is reached, the company will be worth $19.90 million more. Double tops are rare but powerful chart patterns.

The stock decreased 0.85% or $0.34 during the last trading session, reaching $39.43. About 18,487 shares traded. First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) has risen 30.67% since December 7, 2016 and is uptrending. It has outperformed by 13.97% the S&P500.

Analysts await First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) to report earnings on January, 25. They expect $0.60 EPS, up 9.09 % or $0.05 from last year’s $0.55 per share. FMBH’s profit will be $7.57M for 16.43 P/E if the $0.60 EPS becomes a reality. After $0.61 actual EPS reported by First Mid-Illinois Bancshares, Inc. for the previous quarter, Wall Street now forecasts -1.64 % negative EPS growth.

More important recent First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) news were published by: Marketwatch.com which released: “First Mid-Illinois Bancshares Inc.” on May 17, 2011, also Globenewswire.com published article titled: “First Mid-Illinois Bancshares, Inc. Declares Dividend”, Globenewswire.com published: “First Mid-Illinois Bancshares, Inc. Increases Dividend” on October 25, 2017. More interesting news about First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) was released by: Streetinsider.com and their article: “First Clover Leaf Financial (FCLF) Enters Merger Agreement with First Mid …” with publication date: April 26, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.