Analysts expect that First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) will post earnings of $0.67 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for First Mid-Illinois Bancshares’ earnings, with the lowest EPS estimate coming in at $0.67 and the highest estimate coming in at $0.68. First Mid-Illinois Bancshares reported earnings of $0.61 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.8%. The firm is scheduled to issue its next quarterly earnings report on Thursday, October 25th.

On average, analysts expect that First Mid-Illinois Bancshares will report full-year earnings of $2.81 per share for the current financial year, with EPS estimates ranging from $2.77 to $2.83. For the next fiscal year, analysts expect that the company will post earnings of $3.15 per share, with EPS estimates ranging from $3.07 to $3.21. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow First Mid-Illinois Bancshares.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last issued its quarterly earnings results on Thursday, July 26th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. First Mid-Illinois Bancshares had a net margin of 22.55% and a return on equity of 9.56%. The company had revenue of $35.82 million during the quarter, compared to analysts’ expectations of $34.50 million.

A number of research analysts recently issued reports on the stock. BidaskClub raised shares of First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research raised shares of First Mid-Illinois Bancshares from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Thursday, August 9th. Raymond James began coverage on shares of First Mid-Illinois Bancshares in a research report on Thursday, July 12th. They set an “outperform” rating and a $45.00 price target for the company. Finally, DA Davidson lifted their target price on shares of First Mid-Illinois Bancshares from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, June 19th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. First Mid-Illinois Bancshares currently has an average rating of “Buy” and a consensus target price of $44.25.

In other First Mid-Illinois Bancshares news, insider Laurel G. Allenbaugh sold 2,500 shares of First Mid-Illinois Bancshares stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $40.36, for a total value of $100,900.00. Following the completion of the transaction, the insider now directly owns 5,530 shares of the company’s stock, valued at $223,190.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 17.80% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. Bank of Montreal Can raised its holdings in First Mid-Illinois Bancshares by 4.1% in the second quarter. Bank of Montreal Can now owns 32,961 shares of the bank’s stock worth $1,295,000 after buying an additional 1,297 shares during the last quarter. Mackay Shields LLC bought a new stake in shares of First Mid-Illinois Bancshares in the second quarter worth approximately $241,000. Maltese Capital Management LLC bought a new stake in shares of First Mid-Illinois Bancshares in the first quarter worth approximately $2,843,000. Dimensional Fund Advisors LP grew its stake in shares of First Mid-Illinois Bancshares by 41.8% in the first quarter. Dimensional Fund Advisors LP now owns 122,480 shares of the bank’s stock worth $4,464,000 after acquiring an additional 36,080 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of First Mid-Illinois Bancshares by 30.0% in the second quarter. First Trust Advisors LP now owns 30,657 shares of the bank’s stock worth $1,205,000 after acquiring an additional 7,079 shares during the period. 30.35% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ FMBH opened at $40.50 on Thursday. First Mid-Illinois Bancshares has a 1 year low of $30.01 and a 1 year high of $42.46. The stock has a market cap of $622.31 million, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 1.61 and a beta of 0.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.87 and a quick ratio of 0.87.

First Mid-Illinois Bancshares Company Profile

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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