First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) Expected to Announce Earnings of $0.69 Per Share

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Wall Street analysts expect First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) to report earnings of $0.69 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for First Mid-Illinois Bancshares’ earnings, with estimates ranging from $0.66 to $0.72. First Mid-Illinois Bancshares reported earnings per share of $0.62 in the same quarter last year, which suggests a positive year over year growth rate of 11.3%. The company is expected to announce its next quarterly earnings results on Thursday, January 23rd.

According to Zacks, analysts expect that First Mid-Illinois Bancshares will report full year earnings of $2.86 per share for the current fiscal year, with EPS estimates ranging from $2.81 to $2.91. For the next fiscal year, analysts anticipate that the business will post earnings of $2.75 per share, with EPS estimates ranging from $2.70 to $2.79. Zacks’ EPS averages are an average based on a survey of research analysts that cover First Mid-Illinois Bancshares.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last released its quarterly earnings results on Thursday, October 24th. The bank reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.01). First Mid-Illinois Bancshares had a return on equity of 9.16% and a net margin of 22.75%. The business had revenue of $44.04 million during the quarter, compared to the consensus estimate of $44.55 million.

Several research analysts have weighed in on FMBH shares. Zacks Investment Research upgraded shares of First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. ValuEngine upgraded shares of First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. DA Davidson reiterated a “buy” rating on shares of First Mid-Illinois Bancshares in a research report on Monday, November 18th. BidaskClub downgraded shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Finally, Raymond James decreased their price target on shares of First Mid-Illinois Bancshares from $40.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $38.00.

FMBH traded up $0.46 during trading on Friday, hitting $34.96. The company’s stock had a trading volume of 35,800 shares, compared to its average volume of 16,669. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.23. First Mid-Illinois Bancshares has a one year low of $30.20 and a one year high of $36.45. The firm has a market cap of $574.95 million, a PE ratio of 12.41 and a beta of 0.50. The business’s 50 day simple moving average is $35.09 and its 200-day simple moving average is $33.94.

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.40 dividend. The ex-dividend date is Wednesday, November 27th. This is an increase from First Mid-Illinois Bancshares’s previous Semi-Annual dividend of $0.05. This represents a yield of 2.1%. First Mid-Illinois Bancshares’s dividend payout ratio (DPR) is presently 29.30%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in First Mid-Illinois Bancshares by 13.8% in the second quarter. BlackRock Inc. now owns 760,095 shares of the bank’s stock worth $26,542,000 after acquiring an additional 92,276 shares during the period. Acadian Asset Management LLC raised its position in shares of First Mid-Illinois Bancshares by 39.7% during the 2nd quarter. Acadian Asset Management LLC now owns 8,737 shares of the bank’s stock valued at $306,000 after purchasing an additional 2,483 shares during the period. Vanguard Group Inc. raised its position in shares of First Mid-Illinois Bancshares by 6.9% during the 2nd quarter. Vanguard Group Inc. now owns 551,437 shares of the bank’s stock valued at $19,256,000 after purchasing an additional 35,702 shares during the period. First Trust Advisors LP raised its position in shares of First Mid-Illinois Bancshares by 26.8% during the 3rd quarter. First Trust Advisors LP now owns 39,630 shares of the bank’s stock valued at $1,372,000 after purchasing an additional 8,365 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of First Mid-Illinois Bancshares by 8.2% during the 2nd quarter. Renaissance Technologies LLC now owns 131,200 shares of the bank’s stock valued at $4,582,000 after purchasing an additional 9,900 shares during the period. Institutional investors and hedge funds own 31.68% of the company’s stock.

About First Mid-Illinois Bancshares

First Mid Bancshares, Inc, through its subsidiaries, provides community banking products and services to commercial, retail, and agricultural customers in the United States. It accepts various deposit products, such as demand deposits, savings accounts, money market deposits, and time deposits. The company's loan products include commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.

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

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