Brokerages forecast that First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) will report earnings per share of $0.61 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for First Mid-Illinois Bancshares’ earnings. The highest EPS estimate is $0.62 and the lowest is $0.59. The business is scheduled to issue its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that First Mid-Illinois Bancshares will report full year earnings of $2.34 per share for the current year, with EPS estimates ranging from $2.25 to $2.42. For the next fiscal year, analysts forecast that the company will report earnings of $2.55 per share, with EPS estimates ranging from $2.45 to $2.65. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow First Mid-Illinois Bancshares.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last posted its earnings results on Thursday, July 27th. The bank reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.10. First Mid-Illinois Bancshares had a return on equity of 9.28% and a net margin of 22.04%. The company had revenue of $31.92 million for the quarter, compared to the consensus estimate of $29.90 million.
Several analysts have weighed in on the company. BidaskClub upgraded First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research downgraded First Mid-Illinois Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, DA Davidson assumed coverage on First Mid-Illinois Bancshares in a research note on Friday, June 9th. They set a “neutral” rating and a $37.00 price target on the stock.
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In other First Mid-Illinois Bancshares news, Director William S. Rowland sold 4,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $34.07, for a total transaction of $136,280.00. Following the sale, the director now owns 48,407 shares in the company, valued at approximately $1,649,226.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ray A. Sparks sold 7,921 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $36.84, for a total value of $291,809.64. Following the completion of the transaction, the director now directly owns 282,858 shares of the company’s stock, valued at approximately $10,420,488.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,100 shares of company stock worth $579,332. Company insiders own 20.30% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP boosted its position in shares of First Mid-Illinois Bancshares by 55.4% in the first quarter. Wellington Management Group LLP now owns 590,440 shares of the bank’s stock valued at $19,981,000 after buying an additional 210,458 shares during the period. Vanguard Group Inc. boosted its position in shares of First Mid-Illinois Bancshares by 2.1% in the first quarter. Vanguard Group Inc. now owns 265,907 shares of the bank’s stock valued at $8,998,000 after buying an additional 5,445 shares during the period. State Street Corp boosted its position in shares of First Mid-Illinois Bancshares by 11.7% in the fourth quarter. State Street Corp now owns 107,428 shares of the bank’s stock valued at $3,652,000 after buying an additional 11,261 shares during the period. Renaissance Technologies LLC boosted its position in shares of First Mid-Illinois Bancshares by 13.3% in the fourth quarter. Renaissance Technologies LLC now owns 70,600 shares of the bank’s stock valued at $2,400,000 after buying an additional 8,300 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of First Mid-Illinois Bancshares by 5.9% in the first quarter. Geode Capital Management LLC now owns 66,257 shares of the bank’s stock valued at $2,242,000 after buying an additional 3,701 shares during the period. 18.98% of the stock is owned by institutional investors and hedge funds.
First Mid-Illinois Bancshares (NASDAQ FMBH) traded down 0.39% on Monday, reaching $35.43. The company’s stock had a trading volume of 3,677 shares. First Mid-Illinois Bancshares has a 1-year low of $23.15 and a 1-year high of $37.78. The company has a market capitalization of $443.05 million, a price-to-earnings ratio of 16.50 and a beta of -0.08. The firm’s 50 day moving average price is $35.31 and its 200-day moving average price is $33.61.
About First Mid-Illinois Bancshares
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).
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