BidaskClub cut shares of First Mid-Illinois Bancshares (NASDAQ:FMBH) from a hold rating to a sell rating in a report published on Wednesday, March 7th.
A number of other equities analysts have also issued reports on FMBH. Zacks Investment Research upgraded shares of First Mid-Illinois Bancshares from a sell rating to a hold rating in a research report on Wednesday, December 20th. DA Davidson upgraded shares of First Mid-Illinois Bancshares from a neutral rating to a buy rating and set a $37.00 target price for the company in a research report on Friday, February 9th.
First Mid-Illinois Bancshares (NASDAQ:FMBH) traded down $0.22 during trading on Wednesday, hitting $36.78. 12,758 shares of the stock traded hands, compared to its average volume of 19,907. The company has a market capitalization of $470.59, a price-to-earnings ratio of 16.50, a P/E/G ratio of 1.51 and a beta of 0.13. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.27. First Mid-Illinois Bancshares has a fifty-two week low of $31.05 and a fifty-two week high of $42.03.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.48 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.11). The firm had revenue of $30.69 million for the quarter, compared to the consensus estimate of $30.80 million. First Mid-Illinois Bancshares had a return on equity of 9.28% and a net margin of 20.54%. research analysts expect that First Mid-Illinois Bancshares will post 2.73 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in FMBH. Siena Capital Partners GP LLC bought a new position in shares of First Mid-Illinois Bancshares during the 4th quarter valued at about $2,172,000. Bowling Portfolio Management LLC bought a new position in shares of First Mid-Illinois Bancshares during the 4th quarter valued at about $1,775,000. State Street Corp boosted its position in shares of First Mid-Illinois Bancshares by 40.2% during the 2nd quarter. State Street Corp now owns 153,658 shares of the bank’s stock valued at $5,264,000 after purchasing an additional 44,028 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of First Mid-Illinois Bancshares during the 4th quarter valued at about $1,077,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of First Mid-Illinois Bancshares by 67.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 61,408 shares of the bank’s stock valued at $2,358,000 after purchasing an additional 24,666 shares in the last quarter. Hedge funds and other institutional investors own 22.75% 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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