Zacks: Brokerages Expect First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) Will Post Earnings of $0.69 Per Share

Brokerages expect First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) to report earnings of $0.69 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for First Mid-Illinois Bancshares’ earnings, with the lowest EPS estimate coming in at $0.66 and the highest estimate coming in at $0.72. First Mid-Illinois Bancshares posted earnings per share of $0.62 during the same quarter last year, which would indicate a positive year over year growth rate of 11.3%. The company is scheduled to report its next earnings report on Thursday, January 23rd.

On average, analysts expect that First Mid-Illinois Bancshares will report full-year earnings of $2.86 per share for the current financial year, with EPS estimates ranging from $2.81 to $2.91. For the next fiscal year, analysts expect that the company will report earnings of $2.75 per share, with EPS estimates ranging from $2.70 to $2.79. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow First Mid-Illinois Bancshares.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last posted its earnings results on Thursday, October 24th. The bank reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.01). First Mid-Illinois Bancshares had a return on equity of 9.16% and a net margin of 22.75%. The business had revenue of $44.04 million for the quarter, compared to analyst estimates of $44.55 million.

Several brokerages have recently issued reports on FMBH. Zacks Investment Research raised shares of First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. ValuEngine raised shares of First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. DA Davidson reaffirmed a “buy” rating on shares of First Mid-Illinois Bancshares in a research note on Monday, November 18th. BidaskClub downgraded shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Finally, Raymond James dropped their price objective on shares of First Mid-Illinois Bancshares from $40.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $38.00.

NASDAQ:FMBH opened at $34.35 on Friday. First Mid-Illinois Bancshares has a 1 year low of $30.20 and a 1 year high of $36.77. The stock has a market capitalization of $582.95 million, a P/E ratio of 12.58 and a beta of 0.50. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $35.06 and a 200-day moving average of $33.93.

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.40 per share. This is a boost from First Mid-Illinois Bancshares’s previous Semi-Annual dividend of $0.05. This represents a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, November 27th. First Mid-Illinois Bancshares’s payout ratio is currently 29.30%.

Large investors have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY grew its stake in First Mid-Illinois Bancshares by 10.2% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 4,724 shares of the bank’s stock worth $164,000 after acquiring an additional 439 shares during the period. Zebra Capital Management LLC grew its position in First Mid-Illinois Bancshares by 37.0% in the 3rd quarter. Zebra Capital Management LLC now owns 10,467 shares of the bank’s stock worth $363,000 after purchasing an additional 2,827 shares during the last quarter. State Street Corp boosted its stake in First Mid-Illinois Bancshares by 7.5% during the third quarter. State Street Corp now owns 302,593 shares of the bank’s stock valued at $10,476,000 after buying an additional 21,115 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in shares of First Mid-Illinois Bancshares in the 3rd quarter worth approximately $1,693,000. Finally, First Trust Advisors LP grew its position in First Mid-Illinois Bancshares by 26.8% in the third quarter. First Trust Advisors LP now owns 39,630 shares of the bank’s stock worth $1,372,000 after buying an additional 8,365 shares during the last quarter. 31.68% of the stock is owned by institutional investors and hedge funds.

About First Mid-Illinois Bancshares

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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