First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) – Equities research analysts at DA Davidson upped their FY2018 earnings per share estimates for First Mid-Illinois Bancshares in a research note issued on Wednesday, Zacks Investment Research reports. DA Davidson analyst K. Reevey now forecasts that the bank will post earnings per share of $2.50 for the year, up from their previous forecast of $2.47.
Separately, Zacks Investment Research cut First Mid-Illinois Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, September 14th.
Shares of First Mid-Illinois Bancshares (NASDAQ FMBH) opened at $38.89 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $490.72, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 1.68 and a beta of 0.09. First Mid-Illinois Bancshares has a one year low of $28.37 and a one year high of $42.03.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last posted its quarterly earnings data on Thursday, October 26th. The bank reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $30.53 million for the quarter, compared to the consensus estimate of $30.75 million.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FMBH. Siena Capital Partners GP LLC bought a new stake in shares of First Mid-Illinois Bancshares during the fourth quarter valued at approximately $2,172,000. State Street Corp raised its holdings in shares of 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 buying an additional 44,028 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 buying an additional 24,666 shares during the last quarter. Northern Trust Corp raised its holdings in shares of 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 buying an additional 22,496 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of 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 buying an additional 12,786 shares during the last quarter. 20.36% of the stock is currently owned by institutional investors.
In other First Mid-Illinois Bancshares news, CEO Clay M. Dean sold 701 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $37.55, for a total value of $26,322.55. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 20.30% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This article was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://www.dispatchtribunal.com/2018/01/11/da-davidson-comments-on-first-mid-illinois-bancshares-inc-s-fy2018-earnings-fmbh.html.
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).
Get a free copy of the Zacks research report on First Mid-Illinois Bancshares (FMBH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for First Mid-Illinois Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Mid-Illinois Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.