Somewhat Positive News Coverage Somewhat Unlikely to Impact First Mid-Illinois Bancshares (FMBH) Share Price
Headlines about First Mid-Illinois Bancshares (NASDAQ:FMBH) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Mid-Illinois Bancshares earned a news impact score of 0.08 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 47.2244884771846 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
FMBH has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of First Mid-Illinois Bancshares from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, September 26th. BidaskClub upgraded shares of First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd.
First Mid-Illinois Bancshares (NASDAQ FMBH) traded down $0.53 during midday trading on Friday, reaching $38.92. 16,722 shares of the company’s stock traded hands, compared to its average volume of 21,389. 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 firm has a market cap of $491.09, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 1.86 and a beta of 0.09. First Mid-Illinois Bancshares has a 52 week low of $28.15 and a 52 week high of $42.03.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last posted its quarterly earnings results on Thursday, October 26th. The bank reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $30.53 million for the quarter, compared to analyst estimates of $30.75 million. First Mid-Illinois Bancshares had a net margin of 22.67% and a return on equity of 9.75%. sell-side analysts forecast that First Mid-Illinois Bancshares will post 2.32 earnings per share for the current year.
The business also recently declared a semiannual dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, December 1st will be given a $0.34 dividend. This represents a yield of 1.63%. This is a positive change from First Mid-Illinois Bancshares’s previous semiannual dividend of $0.32. The ex-dividend date is Thursday, November 30th. First Mid-Illinois Bancshares’s dividend payout ratio (DPR) is currently 27.71%.
In other First Mid-Illinois Bancshares news, Director Mary Westerhold bought 15,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were acquired at an average cost of $35.00 per share, for a total transaction of $525,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Laurel G. Allenbaugh sold 960 shares of First Mid-Illinois Bancshares stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $34.35, for a total transaction of $32,976.00. Following the sale, the insider now owns 3,062 shares in the company, valued at $105,179.70. The disclosure for this sale can be found here. Insiders sold a total of 3,701 shares of company stock worth $129,897 over the last 90 days. Company insiders own 20.30% of the company’s stock.
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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