First Mid-Illinois Bancshares, Inc. Common Stock (FMBH) Expected to Announce Quarterly Sales of $36.67 Million

Equities analysts expect First Mid-Illinois Bancshares, Inc. Common Stock (NASDAQ:FMBH) to post sales of $36.67 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for First Mid-Illinois Bancshares, Inc. Common Stock’s earnings, with estimates ranging from $36.10 million to $37.00 million. First Mid-Illinois Bancshares, Inc. Common Stock posted sales of $30.53 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 20.1%. The firm is expected to announce its next quarterly earnings report on Thursday, October 25th.

On average, analysts expect that First Mid-Illinois Bancshares, Inc. Common Stock will report full year sales of $145.05 million for the current year, with estimates ranging from $143.20 million to $147.80 million. For the next financial year, analysts anticipate that the company will report sales of $184.24 million per share, with estimates ranging from $182.10 million to $187.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for First Mid-Illinois Bancshares, Inc. Common Stock.

First Mid-Illinois Bancshares, Inc. Common Stock (NASDAQ:FMBH) last issued its quarterly earnings data on Thursday, July 26th. The bank reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.07. The business had revenue of $35.82 million during the quarter, compared to the consensus estimate of $34.50 million. First Mid-Illinois Bancshares, Inc. Common Stock had a net margin of 22.55% and a return on equity of 9.56%.

Several equities analysts have issued reports on FMBH shares. BidaskClub cut shares of First Mid-Illinois Bancshares, Inc. Common Stock from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. Zacks Investment Research cut shares of First Mid-Illinois Bancshares, Inc. Common Stock from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. DA Davidson upped their price target on shares of First Mid-Illinois Bancshares, Inc. Common Stock from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, June 19th. Finally, Raymond James started coverage on shares of First Mid-Illinois Bancshares, Inc. Common Stock in a research report on Thursday, July 12th. They issued an “outperform” rating and a $45.00 price target for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. First Mid-Illinois Bancshares, Inc. Common Stock currently has a consensus rating of “Buy” and an average price target of $44.25.

In other First Mid-Illinois Bancshares, Inc. Common Stock news, CEO Clay M. Dean sold 1,596 shares of the company’s stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $40.51, for a total value of $64,653.96. Following the completion of the transaction, the chief executive officer now directly owns 1,000 shares in the company, valued at approximately $40,510. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mary Westerhold purchased 12,000 shares of the firm’s stock in a transaction on Friday, June 22nd. The stock was acquired at an average price of $41.56 per share, with a total value of $498,720.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 6,596 shares of company stock valued at $266,679. Corporate insiders own 17.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in FMBH. Maltese Capital Management LLC increased its position in First Mid-Illinois Bancshares, Inc. Common Stock by 190.0% in the 2nd quarter. Maltese Capital Management LLC now owns 226,262 shares of the bank’s stock valued at $8,892,000 after acquiring an additional 148,252 shares during the period. BlackRock Inc. increased its position in shares of First Mid-Illinois Bancshares, Inc. Common Stock by 23.0% during the second quarter. BlackRock Inc. now owns 603,780 shares of the bank’s stock worth $23,729,000 after buying an additional 112,981 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of First Mid-Illinois Bancshares, Inc. Common Stock during the second quarter worth $4,191,000. Siena Capital Partners GP LLC increased its position in shares of First Mid-Illinois Bancshares, Inc. Common Stock by 149.4% during the second quarter. Siena Capital Partners GP LLC now owns 140,589 shares of the bank’s stock worth $5,525,000 after buying an additional 84,220 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of First Mid-Illinois Bancshares, Inc. Common Stock by 35.8% during the second quarter. Dimensional Fund Advisors LP now owns 166,327 shares of the bank’s stock worth $6,537,000 after buying an additional 43,847 shares during the period. Hedge funds and other institutional investors own 30.35% of the company’s stock.

NASDAQ:FMBH traded up $0.27 on Wednesday, hitting $40.97. The company had a trading volume of 10,015 shares, compared to its average volume of 18,981. The company has a market cap of $622.46 million, a price-to-earnings ratio of 18.29, a PEG ratio of 1.61 and a beta of 0.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.87 and a quick ratio of 0.87. First Mid-Illinois Bancshares, Inc. Common Stock has a 52 week low of $30.01 and a 52 week high of $42.46.

About First Mid-Illinois Bancshares, Inc. Common Stock

First Mid-Illinois Bancshares, Inc, through its subsidiaries, provides community banking products and services to commercial, retail, and agricultural customers in the United States. The company accepts various deposit products, such as demand deposits, savings accounts, NOW accounts, money market deposits, and time deposits.

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