Equities analysts predict that First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) will announce earnings of $0.65 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for First Mid-Illinois Bancshares’ earnings. The lowest EPS estimate is $0.63 and the highest is $0.66. First Mid-Illinois Bancshares reported earnings per share of $0.50 in the same quarter last year, which suggests a positive year-over-year growth rate of 30%. The company is expected to report its next quarterly earnings report on Wednesday, May 9th.
On average, analysts expect that First Mid-Illinois Bancshares will report full-year earnings of $2.60 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.70. For the next year, analysts expect that the company will report earnings of $2.86 per share, with EPS estimates ranging from $2.70 to $3.07. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover First Mid-Illinois Bancshares.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last issued its earnings results on Thursday, January 25th. The bank reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.11). The business had revenue of $30.69 million during 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%.
Several equities research analysts have recently commented on the company. Sandler O’Neill assumed coverage on First Mid-Illinois Bancshares in a report on Thursday. They set a “buy” rating and a $41.00 price objective for the company. BidaskClub upgraded First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. Zacks Investment Research downgraded First Mid-Illinois Bancshares from a “hold” rating to a “strong sell” rating in a report on Monday, April 2nd. Finally, DA Davidson upgraded First Mid-Illinois Bancshares from a “neutral” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Friday, February 9th.
A number of hedge funds have recently bought and sold shares of the business. MetLife Investment Advisors LLC bought a new stake in shares of First Mid-Illinois Bancshares in the fourth quarter valued at $163,000. Deutsche Bank AG raised its stake in shares of First Mid-Illinois Bancshares by 33.6% during the 4th quarter. Deutsche Bank AG now owns 72,979 shares of the bank’s stock valued at $2,811,000 after purchasing an additional 18,366 shares during the period. Thrivent Financial For Lutherans bought a new stake in shares of First Mid-Illinois Bancshares during the 4th quarter valued at $302,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of First Mid-Illinois Bancshares during the 4th quarter valued at $1,077,000. Finally, Geode Capital Management LLC raised its stake in shares of First Mid-Illinois Bancshares by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 77,358 shares of the bank’s stock valued at $2,981,000 after purchasing an additional 2,536 shares during the period. 22.75% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ FMBH traded down $0.61 during midday trading on Friday, hitting $36.21. 50,485 shares of the stock traded hands, compared to its average volume of 23,891. The company has a market cap of $466.66, a price-to-earnings ratio of 16.17, a P/E/G ratio of 1.57 and a beta of 0.08. First Mid-Illinois Bancshares has a one year low of $31.05 and a one year 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 0.27.
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About First Mid-Illinois Bancshares
First Mid-Illinois Bancshares, Inc, through its subsidiaries, provides community banking products and services to commercial, retail, and agricultural customers in the United States. The company accepts various deposit products, such as demand deposits, savings accounts, NOW accounts, money market deposits, and time deposits.
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