Q1 2019 Earnings Forecast for First Mid-Illinois Bancshares, Inc. Issued By FIG Partners (FMBH)
First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) – Research analysts at FIG Partners issued their Q1 2019 EPS estimates for shares of First Mid-Illinois Bancshares in a research note issued on Monday. FIG Partners analyst B. Martin anticipates that the bank will post earnings per share of $0.66 for the quarter. FIG Partners also issued estimates for First Mid-Illinois Bancshares’ Q2 2019 earnings at $0.63 EPS and Q3 2019 earnings at $0.70 EPS.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last released its earnings results on Thursday, October 26th. The bank reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The firm had revenue of $30.53 million for the quarter, compared to analysts’ expectations of $30.75 million. First Mid-Illinois Bancshares had a net margin of 22.67% and a return on equity of 9.75%.
First Mid-Illinois Bancshares (FMBH) traded down $0.23 during trading on Tuesday, reaching $40.34. 20,429 shares of the company’s stock traded hands, compared to its average volume of 21,599. The firm has a market cap of $509.01, a PE ratio of 17.02, a price-to-earnings-growth ratio of 1.87 and a beta of 0.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.83. First Mid-Illinois Bancshares has a 52-week low of $28.37 and a 52-week high of $42.03.
Institutional investors and hedge funds have recently made changes to their positions in the company. LSV Asset Management grew its stake in shares of First Mid-Illinois Bancshares by 947.4% in the 2nd quarter. LSV Asset Management now owns 5,300 shares of the bank’s stock worth $181,000 after purchasing an additional 4,794 shares during the last quarter. Nationwide Fund Advisors grew its stake in shares of First Mid-Illinois Bancshares by 27.2% in the 2nd quarter. Nationwide Fund Advisors now owns 5,690 shares of the bank’s stock worth $195,000 after purchasing an additional 1,217 shares during the last quarter. Voya Investment Management LLC acquired a new position in shares of First Mid-Illinois Bancshares in the 2nd quarter worth approximately $201,000. First Trust Advisors LP acquired a new position in shares of First Mid-Illinois Bancshares in the 3rd quarter worth approximately $273,000. Finally, OxFORD Asset Management LLP acquired a new position in shares of First Mid-Illinois Bancshares in the 2nd quarter worth approximately $299,000. 20.39% of the stock is currently owned by institutional investors.
In other news, CEO Clay M. Dean sold 701 shares of First Mid-Illinois Bancshares stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $37.55, for a total value of $26,322.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 20.30% of the company’s stock.
The firm also recently disclosed a semiannual dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, December 1st were paid a $0.34 dividend. The ex-dividend date was Thursday, November 30th. This represents a dividend yield of 1.63%. This is a boost from First Mid-Illinois Bancshares’s previous semiannual dividend of $0.32. First Mid-Illinois Bancshares’s payout ratio is currently 29.44%.
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About First Mid-Illinois Bancshares
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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