Brokerages Expect First Mid-Illinois Bancshares, Inc. (FMBH) Will Post Earnings of $0.67 Per Share

Wall Street analysts predict that First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) will report $0.67 earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for First Mid-Illinois Bancshares’ earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.67. First Mid-Illinois Bancshares reported earnings per share of $0.61 in the same quarter last year, which would suggest a positive year over year growth rate of 9.8%. The firm is scheduled to announce its next quarterly earnings results 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 year, with EPS estimates ranging from $2.77 to $2.83. For the next financial year, analysts forecast that the business will report earnings of $3.15 per share, with EPS estimates ranging from $3.07 to $3.21. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for First Mid-Illinois Bancshares.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last released its earnings results on Thursday, July 26th. The bank reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $34.50 million.

A number of equities research analysts have issued reports on the stock. BidaskClub raised shares of First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research lowered shares of First Mid-Illinois Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. DA Davidson raised their price target 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. Finally, Raymond James assumed coverage on shares of First Mid-Illinois Bancshares in a report on Thursday, July 12th. They issued an “outperform” rating and a $45.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. First Mid-Illinois Bancshares currently has a consensus rating of “Buy” and a consensus price target of $44.25.

In other First Mid-Illinois Bancshares news, insider Laurel G. Allenbaugh sold 2,500 shares of the firm’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $40.36, for a total value of $100,900.00. Following the sale, the insider now owns 5,530 shares of the company’s stock, valued at approximately $223,190.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 17.80% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of First Mid-Illinois Bancshares by 23.0% in the 2nd quarter. BlackRock Inc. now owns 603,780 shares of the bank’s stock worth $23,729,000 after purchasing an additional 112,981 shares during the period. Maltese Capital Management LLC lifted its position in shares of First Mid-Illinois Bancshares by 190.0% in the 2nd quarter. Maltese Capital Management LLC now owns 226,262 shares of the bank’s stock worth $8,892,000 after purchasing an additional 148,252 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of First Mid-Illinois Bancshares by 35.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 166,327 shares of the bank’s stock worth $6,537,000 after purchasing an additional 43,847 shares during the period. Siena Capital Partners GP LLC lifted its position in shares of First Mid-Illinois Bancshares by 149.4% in the 2nd quarter. Siena Capital Partners GP LLC now owns 140,589 shares of the bank’s stock worth $5,525,000 after purchasing an additional 84,220 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of First Mid-Illinois Bancshares by 45.5% in the 2nd quarter. Renaissance Technologies LLC now owns 140,113 shares of the bank’s stock worth $5,506,000 after purchasing an additional 43,813 shares during the period. 30.35% of the stock is owned by hedge funds and other institutional investors.

FMBH stock opened at $40.50 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.87 and a current ratio of 0.87. First Mid-Illinois Bancshares has a 52 week low of $30.01 and a 52 week high of $42.46. The firm 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.

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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Earnings History and Estimates for First Mid-Illinois Bancshares (NASDAQ:FMBH)

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