Equities analysts expect First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) to announce sales of $31.00 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for First Mid-Illinois Bancshares’ earnings. The highest sales estimate is $32.00 million and the lowest is $30.00 million. First Mid-Illinois Bancshares posted sales of $30.27 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.4%. The company is scheduled to report its next quarterly earnings results on Wednesday, May 9th.
According to Zacks, analysts expect that First Mid-Illinois Bancshares will report full year sales of $31.00 million for the current fiscal year, with estimates ranging from $131.50 million to $138.30 million. For the next year, analysts anticipate that the business will report sales of $150.45 million per share, with estimates ranging from $146.50 million to $154.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for First Mid-Illinois Bancshares.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.11). The company had revenue of $30.69 million during the quarter, compared to analysts’ expectations of $30.80 million. First Mid-Illinois Bancshares had a return on equity of 9.33% and a net margin of 20.54%.
Several research analysts recently commented on the stock. Zacks Investment Research raised shares of First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. BidaskClub downgraded shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Finally, DA Davidson raised shares of First Mid-Illinois Bancshares from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, February 9th.
First Mid-Illinois Bancshares (FMBH) traded down $0.70 during mid-day trading on Friday, reaching $35.02. 14,045 shares of the company traded hands, compared to its average volume of 18,960. The stock has a market cap of $452.24, a P/E ratio of 16.69, a PEG ratio of 1.45 and a beta of -0.04. First Mid-Illinois Bancshares has a 52 week low of $31.05 and a 52 week high of $42.03. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.36.
A number of hedge funds and other institutional investors have recently bought and sold shares of FMBH. Schwab Charles Investment Management Inc. increased its position in First Mid-Illinois Bancshares by 38.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 18,900 shares of the bank’s stock valued at $648,000 after purchasing an additional 5,200 shares during the period. Teachers Advisors LLC increased its position in First Mid-Illinois Bancshares by 45.1% during the 2nd quarter. Teachers Advisors LLC now owns 17,762 shares of the bank’s stock valued at $608,000 after purchasing an additional 5,521 shares during the period. TIAA CREF Investment Management LLC increased its position in First Mid-Illinois Bancshares by 44.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 26,853 shares of the bank’s stock valued at $919,000 after purchasing an additional 8,246 shares during the period. Nationwide Fund Advisors increased its position in First Mid-Illinois Bancshares by 27.2% during the 2nd quarter. Nationwide Fund Advisors now owns 5,690 shares of the bank’s stock valued at $195,000 after purchasing an additional 1,217 shares during the period. Finally, New York State Common Retirement Fund increased its position in First Mid-Illinois Bancshares by 36.1% during the 2nd quarter. New York State Common Retirement Fund now owns 11,300 shares of the bank’s stock valued at $387,000 after purchasing an additional 2,999 shares during the period. 22.64% of the stock is currently owned by institutional investors and hedge funds.
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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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