First Mid-Illinois Bancshares, Inc. (FMBH) Can’t Be Less Risky. The Stock Formed a Bullish Double Top Chart Pattern

December 7, 2017 - By Stephen Andrade

Investors sentiment increased to 2.07 in 2017 Q2. 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.
Citigroup accumulated 1,984 shares or 0% of the stock. Voya Ltd Limited Liability Company owns 5,858 shares. Maltese Mngmt Ltd Liability Corporation invested 0.23% of its portfolio in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). Meeder Asset Mgmt owns 336 shares. Legal And General Public Limited Co accumulated 2,234 shares. Schwab Charles Inv Management has 0% invested in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) for 18,900 shares. Northern invested in 0% or 105,507 shares. Dimensional Fund Limited Partnership reported 0% stake. Ny State Common Retirement Fund accumulated 11,300 shares. Lsv Asset Mgmt accumulated 5,300 shares. Cornerstone Capital Mngmt reported 0% stake. Assetmark Incorporated, California-based fund reported 3,545 shares. Pnc Finance Grp Inc has invested 0% in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). Fincl Bank Of New York Mellon invested 0% in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH). Forte Lc Adv reported 0.17% in First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH).

Since June 13, 2017, it had 0 buys, and 3 selling transactions for $408,352 activity. SPARKS RAY A sold $75,842 worth of stock.

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 earnings per share, up 9.09 % or $0.05 from last year’s $0.55 per share. FMBH’s profit will be $7.57 million for 16.43 P/E if the $0.60 EPS becomes a reality. After $0.61 actual earnings per share 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: Globenewswire.com which released: “First Mid-Illinois Bancshares, Inc. Declares Dividend” on May 04, 2017, also Globenewswire.com published article titled: “First Mid-Illinois Bancshares, Inc. Increases Dividend”, Streetinsider.com published: “First Clover Leaf Financial (FCLF) Enters Merger Agreement with First Mid …” on April 26, 2016. More interesting news about First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) was released by: Marketwatch.com and their article: “First Mid-Illinois Bancshares Inc.” with publication date: May 17, 2011.

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