$0.69 Earnings Per Share Expected for First Mid-Illinois Bancshares, Inc. (FMBH) This Quarter

Wall Street brokerages expect that First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) will report $0.69 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for First Mid-Illinois Bancshares’ earnings. The lowest EPS estimate is $0.68 and the highest is $0.71. First Mid-Illinois Bancshares reported earnings of $0.66 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 4.5%. The business is scheduled to report its next earnings results on Wednesday, April 24th.

According to Zacks, analysts expect that First Mid-Illinois Bancshares will report full-year earnings of $2.98 per share for the current fiscal year, with EPS estimates ranging from $2.95 to $3.03. For the next financial year, analysts forecast that the company will report earnings of $3.15 per share, with EPS estimates ranging from $3.00 to $3.30. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for First Mid-Illinois Bancshares.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last posted its quarterly earnings data on Thursday, January 24th. The bank reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.11). First Mid-Illinois Bancshares had a net margin of 22.88% and a return on equity of 10.48%. The company had revenue of $42.65 million for the quarter, compared to the consensus estimate of $42.07 million.

A number of research analysts recently weighed in on FMBH shares. ValuEngine raised First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. BidaskClub lowered First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, January 25th. Raymond James reduced their price objective on First Mid-Illinois Bancshares from $45.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, October 30th. Finally, Zacks Investment Research lowered First Mid-Illinois Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.50.

FMBH stock traded up $1.00 on Friday, reaching $34.94. 31,200 shares of the company traded hands, compared to its average volume of 18,178. First Mid-Illinois Bancshares has a one year low of $30.01 and a one year high of $42.46. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.36. The firm has a market cap of $519.28 million, a PE ratio of 12.80, a price-to-earnings-growth ratio of 1.30 and a beta of 0.42.

In other First Mid-Illinois Bancshares news, CEO Clay M. Dean bought 2,821 shares of First Mid-Illinois Bancshares stock in a transaction on Friday, November 23rd. The stock was acquired at an average price of $35.45 per share, with a total value of $100,004.45. Following the acquisition, the chief executive officer now owns 1,000 shares in the company, valued at $35,450. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 17.80% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. Legal & General Group Plc increased its holdings in shares of First Mid-Illinois Bancshares by 17.4% in the 4th quarter. Legal & General Group Plc now owns 2,323 shares of the bank’s stock worth $74,000 after purchasing an additional 344 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of First Mid-Illinois Bancshares by 8.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 7,397 shares of the bank’s stock worth $236,000 after purchasing an additional 563 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in shares of First Mid-Illinois Bancshares by 377.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,285 shares of the bank’s stock worth $137,000 after purchasing an additional 3,387 shares in the last quarter. Zacks Investment Management bought a new stake in shares of First Mid-Illinois Bancshares in the 4th quarter worth $883,000. Finally, Bank of America Corp DE increased its holdings in shares of First Mid-Illinois Bancshares by 82.3% in the 4th quarter. Bank of America Corp DE now owns 8,421 shares of the bank’s stock worth $269,000 after purchasing an additional 3,801 shares in the last quarter. 30.49% of the stock is owned by institutional investors and hedge funds.

About First Mid-Illinois Bancshares

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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