First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) has received a consensus broker rating score of 1.50 (Buy) from the four analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and three have given a strong buy recommendation to the company. First Mid-Illinois Bancshares’ rating score has improved by 35.6% in the last 90 days as a result of various analysts’ ratings changes.
Brokers have set a twelve-month consensus target price of $42.33 for the company and are predicting that the company will post $0.65 EPS for the current quarter, according to Zacks. Zacks has also given First Mid-Illinois Bancshares an industry rank of 165 out of 265 based on the ratings given to related companies.
A number of analysts have issued reports on the company. BidaskClub downgraded First Mid-Illinois Bancshares from a “buy” rating to a “hold” rating in a research note on Friday. Sandler O’Neill assumed coverage on First Mid-Illinois Bancshares in a research note on Thursday, April 5th. They issued a “buy” rating and a $41.00 price objective on the stock. Zacks Investment Research downgraded First Mid-Illinois Bancshares from a “hold” rating to a “strong sell” rating in a research note on Monday, April 2nd. Finally, DA Davidson raised First Mid-Illinois Bancshares from a “neutral” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Friday, February 9th.
A number of large investors have recently added to or reduced their stakes in FMBH. MetLife Investment Advisors LLC purchased a new position in First Mid-Illinois Bancshares during the fourth quarter worth approximately $163,000. Citadel Advisors LLC purchased a new stake in First Mid-Illinois Bancshares in the 4th quarter valued at approximately $236,000. Thrivent Financial For Lutherans purchased a new stake in First Mid-Illinois Bancshares in the 4th quarter valued at approximately $302,000. SG Americas Securities LLC purchased a new stake in First Mid-Illinois Bancshares in the 3rd quarter valued at approximately $331,000. Finally, Dupont Capital Management Corp purchased a new stake in First Mid-Illinois Bancshares in the 4th quarter valued at approximately $391,000. 22.75% of the stock is currently owned by institutional investors and hedge funds.
FMBH traded up $0.03 on Thursday, hitting $35.96. 11,856 shares of the company’s stock traded hands, compared to its average volume of 21,459. The company has a market capitalization of $454.11, a PE ratio of 15.99, a price-to-earnings-growth ratio of 1.53 and a beta of 0.07. First Mid-Illinois Bancshares has a one year low of $31.05 and a one year high of $42.03. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.11). First Mid-Illinois Bancshares had a return on equity of 9.28% and a net margin of 20.54%. The firm had revenue of $30.69 million during the quarter, compared to the consensus estimate of $30.80 million. equities research analysts predict that First Mid-Illinois Bancshares will post 2.6 earnings per share for the current year.
The company also recently disclosed a special dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 23rd will be paid a $0.29 dividend. This is an increase from First Mid-Illinois Bancshares’s previous special dividend of $0.16. The ex-dividend date of this dividend is Friday, April 20th. This represents a yield of 1.89%. First Mid-Illinois Bancshares’s payout ratio is presently 30.36%.
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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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