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 (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%.
TRADEMARK VIOLATION WARNING: This report was reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/da-davidson-weighs-in-on-first-mid-illinois-bancshares-inc-s-q3-2018-earnings-fmbh/1769145.html.
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).
Receive News & Ratings for First Mid-Illinois Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Mid-Illinois Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.