First Mid-Illinois Bancshares, Inc. to Post FY2018 Earnings of $2.50 Per Share, DA Davidson Forecasts (FMBH)

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.

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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).

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

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