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First Mid-Illinois Bancshares ( (FMBH) ) has provided an update.
On April 30, 2025, First Mid-Illinois Bancshares held its Annual Meeting where stockholders approved an amendment to increase the authorized shares of common stock from 30 million to 45 million. This amendment, filed and effective as of May 12, 2025, reflects the company’s strategic move to potentially enhance its market position and operational capacity, signaling a significant development for stakeholders.
The most recent analyst rating on (FMBH) stock is a Hold with a $47.00 price target. To see the full list of analyst forecasts on First Mid-Illinois Bancshares stock, see the FMBH Stock Forecast page.
Spark’s Take on FMBH Stock
According to Spark, TipRanks’ AI Analyst, FMBH is a Outperform.
First Mid-Illinois Bancshares receives a solid score based on its stable financial performance, positive technical indicators, and reasonable valuation. The company’s strong equity base and effective cash management support its financial health. Technical analysis suggests positive momentum, though caution is advised due to potential overbought conditions. Valuation metrics, including a moderate P/E ratio and attractive dividend yield, further bolster the stock’s attractiveness.
To see Spark’s full report on FMBH stock, click here.
More about First Mid-Illinois Bancshares
Average Trading Volume: 66,171
Technical Sentiment Signal: Strong Buy
Current Market Cap: $891.4M
See more insights into FMBH stock on TipRanks’ Stock Analysis page.