FIG Partners Weighs in on First Mid-Illinois Bancshares, Inc.’s Q1 2019 Earnings (FMBH)

First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) – Equities researchers at FIG Partners issued their Q1 2019 EPS estimates for shares of First Mid-Illinois Bancshares in a note issued to investors on Monday. FIG Partners analyst B. Martin expects that the bank will post earnings per share of $0.66 for the quarter. FIG Partners also issued estimates for First Mid-Illinois Bancshares’ Q2 2019 earnings at $0.63 EPS and Q3 2019 earnings at $0.70 EPS.

Separately, Zacks Investment Research cut First Mid-Illinois Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th.

First Mid-Illinois Bancshares (NASDAQ:FMBH) traded up $1.09 on Tuesday, reaching $40.57. The company had a trading volume of 41,500 shares, compared to its average volume of 21,604. The firm has a market capitalization of $485.93, a PE ratio of 16.57, a price-to-earnings-growth ratio of 1.82 and a beta of -0.01. First Mid-Illinois Bancshares has a 52-week low of $28.37 and a 52-week high of $42.03. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last issued its quarterly earnings results on Thursday, October 26th. The bank reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. First Mid-Illinois Bancshares had a return on equity of 9.75% and a net margin of 22.67%. The business had revenue of $30.53 million for the quarter, compared to the consensus estimate of $30.75 million.

The company also recently disclosed a semiannual dividend, which was paid on Friday, December 8th. Investors of record on Friday, December 1st were given a dividend of $0.34 per share. This is a boost from First Mid-Illinois Bancshares’s previous semiannual dividend of $0.32. The ex-dividend date of this dividend was Thursday, November 30th. This represents a yield of 1.63%. First Mid-Illinois Bancshares’s dividend payout ratio (DPR) is presently 29.31%.

In related news, CEO Clay M. Dean sold 701 shares of First Mid-Illinois Bancshares stock in a transaction on Monday, November 6th. The stock was sold at an average price of $37.55, for a total transaction of $26,322.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.30% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FMBH. State Street Corp boosted its position in First Mid-Illinois Bancshares by 40.2% during the second quarter. State Street Corp now owns 153,658 shares of the bank’s stock valued at $5,264,000 after purchasing an additional 44,028 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in First Mid-Illinois Bancshares by 67.1% during the third quarter. Dimensional Fund Advisors LP now owns 61,408 shares of the bank’s stock valued at $2,358,000 after purchasing an additional 24,666 shares during the last quarter. Northern Trust Corp boosted its position in First Mid-Illinois Bancshares by 27.1% during the second quarter. Northern Trust Corp now owns 105,507 shares of the bank’s stock valued at $3,612,000 after purchasing an additional 22,496 shares during the last quarter. Bank of New York Mellon Corp boosted its position in First Mid-Illinois Bancshares by 38.6% during the second quarter. Bank of New York Mellon Corp now owns 45,897 shares of the bank’s stock valued at $1,572,000 after purchasing an additional 12,786 shares during the last quarter. Finally, Rhumbline Advisers acquired a new stake in First Mid-Illinois Bancshares during the second quarter valued at $370,000. 20.39% of the stock is owned by hedge funds and other institutional investors.

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First Mid-Illinois Bancshares Company Profile

First Mid-Illinois Bancshares, Inc is a financial holding company. The Company is engaged in the business of banking through its subsidiaries, First Mid-Illinois Bank & Trust, N.A. (First Mid Bank) and First Clover Leaf Bank, N.A. (First Clover Leaf Bank). The Company provides data processing services to affiliates through another subsidiary, Mid-Illinois Data Services, Inc (MIDS).

Earnings History and Estimates for First Mid-Illinois Bancshares (NASDAQ:FMBH)

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