Equities analysts expect First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) to announce earnings of $0.65 per share for the current quarter, Zacks reports. Two analysts have provided estimates for First Mid-Illinois Bancshares’ earnings. The highest EPS estimate is $0.66 and the lowest is $0.63. First Mid-Illinois Bancshares posted earnings per share of $0.50 during the same quarter last year, which suggests a positive year over year growth rate of 30%. The company is expected to issue 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 financial year, with EPS estimates ranging from $2.50 to $2.70. For the next year, analysts forecast that the business will report earnings of $2.86 per share, with EPS estimates ranging from $2.70 to $3.07. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for First Mid-Illinois Bancshares.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last announced its quarterly 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 company had revenue of $30.69 million during the quarter, compared to analyst estimates of $30.80 million. First Mid-Illinois Bancshares had a net margin of 20.54% and a return on equity of 9.28%.
A number of brokerages have weighed in on FMBH. BidaskClub upgraded shares of First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, February 10th. DA Davidson upgraded shares of First Mid-Illinois Bancshares from a “neutral” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Friday, February 9th. Finally, Zacks Investment Research upgraded shares of First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th.
Several hedge funds have recently modified their holdings of FMBH. MetLife Investment Advisors LLC purchased a new position in shares of First Mid-Illinois Bancshares in the 4th quarter valued at $163,000. Voya Investment Management LLC purchased a new stake in First Mid-Illinois Bancshares during the 2nd quarter worth $201,000. Citadel Advisors LLC purchased a new stake in First Mid-Illinois Bancshares during the 4th quarter worth $236,000. First Trust Advisors LP purchased a new stake in First Mid-Illinois Bancshares during the 3rd quarter worth $273,000. Finally, Thrivent Financial For Lutherans purchased a new stake in First Mid-Illinois Bancshares during the 4th quarter worth $302,000. 22.75% of the stock is currently owned by institutional investors and hedge funds.
Shares of FMBH stock traded up $0.04 on Wednesday, hitting $37.61. 5,321 shares of the company’s stock were exchanged, compared to its average volume of 20,818. The firm has a market cap of $477.30, a price-to-earnings ratio of 17.57, a PEG ratio of 1.61 and a beta of 0.13. First Mid-Illinois Bancshares has a 52 week low of $31.05 and a 52 week high of $42.03. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 0.83.
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First Mid-Illinois Bancshares Company Profile
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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