DA Davidson Weighs in on First Mid-Illinois Bancshares, Inc.’s Q3 2018 Earnings (FMBH)
First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) – DA Davidson increased their Q3 2018 EPS estimates for First Mid-Illinois Bancshares in a research note issued to investors on Wednesday. DA Davidson analyst K. Reevey now expects that the bank will post earnings of $0.66 per share for the quarter, up from their previous forecast of $0.63. DA Davidson also issued estimates for First Mid-Illinois Bancshares’ Q4 2018 earnings at $0.64 EPS and FY2019 earnings at $2.87 EPS.
Separately, Zacks Investment Research downgraded shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a report on Friday, November 3rd.
First Mid-Illinois Bancshares (FMBH) opened at $38.45 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.36. The stock has a market cap of $485.16, a PE ratio of 16.57, a PEG ratio of 1.84 and a beta of -0.01. First Mid-Illinois Bancshares has a twelve month low of $28.37 and a twelve month high of $42.03.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last announced its quarterly earnings results on Thursday, October 26th. The bank reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The business had revenue of $30.53 million during the quarter, compared to the consensus estimate of $30.75 million. First Mid-Illinois Bancshares had a net margin of 22.67% and a return on equity of 9.75%.
Large investors have recently bought and sold shares of the business. LSV Asset Management increased its holdings in First Mid-Illinois Bancshares by 947.4% during the 2nd quarter. LSV Asset Management now owns 5,300 shares of the bank’s stock valued at $181,000 after acquiring an additional 4,794 shares in the last quarter. Nationwide Fund Advisors increased its holdings in First Mid-Illinois Bancshares by 27.2% during the 2nd quarter. Nationwide Fund Advisors now owns 5,690 shares of the bank’s stock valued at $195,000 after acquiring an additional 1,217 shares in the last quarter. Voya Investment Management LLC purchased a new position in First Mid-Illinois Bancshares during the 2nd quarter valued at about $201,000. First Trust Advisors LP purchased a new position in First Mid-Illinois Bancshares during the 3rd quarter valued at about $273,000. Finally, OxFORD Asset Management LLP purchased a new position in First Mid-Illinois Bancshares during the 2nd quarter valued at about $299,000. Hedge funds and other institutional investors own 20.39% of the company’s stock.
In other First Mid-Illinois Bancshares news, CEO Clay M. Dean sold 701 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $37.55, for a total transaction of $26,322.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 20.30% of the company’s stock.
The business also recently declared a semiannual dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, December 1st were issued a $0.34 dividend. This represents a dividend yield of 1.63%. The ex-dividend date of this dividend was Thursday, November 30th. This is an increase from First Mid-Illinois Bancshares’s previous semiannual dividend of $0.32. First Mid-Illinois Bancshares’s dividend payout ratio (DPR) is currently 29.31%.
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First Mid-Illinois Bancshares Company Profile
First Mid-Illinois Bancshares, Inc is a financial holding company. The Company is engaged in the business of banking through its subsidiaries, First Mid-Illinois Bank & Trust, N.A. (First Mid Bank) and First Clover Leaf Bank, N.A. (First Clover Leaf Bank). The Company provides data processing services to affiliates through another subsidiary, Mid-Illinois Data Services, Inc (MIDS).
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