Equities analysts expect First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) to report earnings of $0.56 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for First Mid-Illinois Bancshares’ earnings, with the highest EPS estimate coming in at $0.56 and the lowest estimate coming in at $0.55. First Mid-Illinois Bancshares reported earnings of $0.50 per share in the same quarter last year, which would indicate a positive year over year growth rate of 12%. The company is expected to report its next earnings results on Friday, August 4th.

According to Zacks, analysts expect that First Mid-Illinois Bancshares will report full-year earnings of $2.25 per share for the current financial year, with EPS estimates ranging from $2.24 to $2.25. For the next year, analysts forecast that the company will report earnings of $2.48 per share, with EPS estimates ranging from $2.45 to $2.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover First Mid-Illinois Bancshares.

Several research analysts have recently issued reports on FMBH shares. DA Davidson started coverage on shares of First Mid-Illinois Bancshares in a report on Friday, June 9th. They set a “neutral” rating and a $37.00 price objective on the stock. Zacks Investment Research downgraded shares of First Mid-Illinois Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, April 5th.

In other news, CFO Michael L. Taylor sold 2,983 shares of First Mid-Illinois Bancshares stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $33.23, for a total transaction of $99,125.09. Following the sale, the chief financial officer now directly owns 8,778 shares in the company, valued at approximately $291,692.94. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Christopher L. Slabach sold 1,000 shares of First Mid-Illinois Bancshares stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $34.70, for a total transaction of $34,700.00. Following the sale, the senior vice president now owns 965 shares in the company, valued at $33,485.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,083 shares of company stock worth $678,457. Insiders own 20.30% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new stake in shares of First Mid-Illinois Bancshares during the first quarter valued at $903,000. Dimensional Fund Advisors LP raised its stake in shares of First Mid-Illinois Bancshares by 46.5% in the first quarter. Dimensional Fund Advisors LP now owns 29,605 shares of the bank’s stock valued at $1,002,000 after buying an additional 9,395 shares during the period. Geode Capital Management LLC raised its stake in shares of First Mid-Illinois Bancshares by 5.9% in the first quarter. Geode Capital Management LLC now owns 66,257 shares of the bank’s stock valued at $2,242,000 after buying an additional 3,701 shares during the period. Vanguard Group Inc. raised its stake in shares of First Mid-Illinois Bancshares by 2.1% in the first quarter. Vanguard Group Inc. now owns 265,907 shares of the bank’s stock valued at $8,998,000 after buying an additional 5,445 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of First Mid-Illinois Bancshares by 55.4% in the first quarter. Wellington Management Group LLP now owns 590,440 shares of the bank’s stock valued at $19,981,000 after buying an additional 210,458 shares during the period. Institutional investors and hedge funds own 19.01% of the company’s stock.

Shares of First Mid-Illinois Bancshares (NASDAQ:FMBH) traded up 0.28% during trading on Friday, hitting $35.26. 10,370 shares of the stock traded hands. The company has a market cap of $440.33 million, a PE ratio of 17.17 and a beta of -0.09. First Mid-Illinois Bancshares has a one year low of $22.95 and a one year high of $37.78. The firm has a 50 day moving average price of $34.43 and a 200-day moving average price of $33.40.

COPYRIGHT VIOLATION NOTICE: “$0.56 EPS Expected for First Mid-Illinois Bancshares, Inc. (FMBH) This Quarter” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/08/07/0-56-eps-expected-for-first-mid-illinois-bancshares-inc-fmbh-this-quarter-updated-updated-updated.html.

First Mid-Illinois Bancshares Company Profile

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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