Brokerages Expect First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) to Post $0.71 Earnings Per Share

Equities research analysts expect First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) to post earnings per share of $0.71 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for First Mid-Illinois Bancshares’ earnings. The highest EPS estimate is $0.73 and the lowest is $0.70. First Mid-Illinois Bancshares posted earnings per share of $0.75 in the same quarter last year, which suggests a negative year-over-year growth rate of 5.3%. The company is scheduled to issue its next quarterly earnings report on Thursday, October 24th.

According to Zacks, analysts expect that First Mid-Illinois Bancshares will report full year earnings of $2.87 per share for the current fiscal year, with EPS estimates ranging from $2.81 to $2.94. For the next year, analysts anticipate that the company will post earnings of $2.86 per share, with EPS estimates ranging from $2.70 to $3.07. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover First Mid-Illinois Bancshares.

A number of research firms recently weighed in on FMBH. ValuEngine lowered shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, June 24th. Zacks Investment Research lowered shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. BidaskClub raised shares of First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, Hovde Group began coverage on shares of First Mid-Illinois Bancshares in a research report on Monday, May 6th. They issued a “market perform” rating and a $39.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $40.50.

Shares of FMBH traded up $0.67 during trading hours on Friday, reaching $32.27. 22,611 shares of the stock traded hands, compared to its average volume of 22,687. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $33.39 and a 200 day simple moving average of $33.96. First Mid-Illinois Bancshares has a 52 week low of $30.20 and a 52 week high of $42.00. The company has a market cap of $527.72 million, a price-to-earnings ratio of 11.82 and a beta of 0.46.

Hedge funds have recently made changes to their positions in the business. Legal & General Group Plc raised its position in First Mid-Illinois Bancshares by 17.4% in the fourth quarter. Legal & General Group Plc now owns 2,323 shares of the bank’s stock worth $74,000 after acquiring an additional 344 shares during the period. BNP Paribas Arbitrage SA raised its position in First Mid-Illinois Bancshares by 486.6% in the first quarter. BNP Paribas Arbitrage SA now owns 2,663 shares of the bank’s stock worth $89,000 after acquiring an additional 2,209 shares during the period. Strs Ohio raised its position in First Mid-Illinois Bancshares by 8.6% in the second quarter. Strs Ohio now owns 3,800 shares of the bank’s stock worth $132,000 after acquiring an additional 300 shares during the period. Metropolitan Life Insurance Co. NY raised its position in First Mid-Illinois Bancshares by 377.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,285 shares of the bank’s stock worth $137,000 after acquiring an additional 3,387 shares during the period. Finally, SG Americas Securities LLC bought a new stake in First Mid-Illinois Bancshares in the first quarter worth about $187,000. 29.74% of the stock is currently owned by institutional investors and hedge funds.

First Mid-Illinois Bancshares Company Profile

First Mid Bancshares, Inc, through its subsidiaries, provides community banking products and services to commercial, retail, and agricultural customers in the United States. It accepts various deposit products, such as demand deposits, savings accounts, money market deposits, and time deposits. The company's loan products include commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.

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Earnings History and Estimates for First Mid-Illinois Bancshares (NASDAQ:FMBH)

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