BidaskClub upgraded shares of First Mid-Illinois Bancshares (NASDAQ:FMBH) from a sell rating to a hold rating in a research report report published on Saturday morning.

A number of other brokerages also recently weighed in on FMBH. Zacks Investment Research upgraded shares of First Mid-Illinois Bancshares from a sell rating to a hold rating in a research report on Wednesday, December 20th. DA Davidson upgraded shares of First Mid-Illinois Bancshares from a neutral rating to a buy rating and set a $37.00 price objective on the stock in a research report on Friday, February 9th.

First Mid-Illinois Bancshares (NASDAQ:FMBH) opened at $35.22 on Friday. The stock has a market cap of $450.34, a P/E ratio of 15.81, a PEG ratio of 1.45 and a beta of -0.04. First Mid-Illinois Bancshares has a 52 week low of $31.05 and a 52 week high of $42.03. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.36.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last issued its earnings results on Thursday, January 25th. The bank reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.11). The firm had revenue of $30.69 million during the quarter, compared to the consensus estimate of $30.80 million. First Mid-Illinois Bancshares had a return on equity of 9.33% and a net margin of 20.54%. research analysts forecast that First Mid-Illinois Bancshares will post 2.73 EPS for the current year.

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in First Mid-Illinois Bancshares by 24.1% during the second quarter. Dimensional Fund Advisors LP now owns 36,742 shares of the bank’s stock valued at $1,258,000 after purchasing an additional 7,137 shares during the period. First Trust Advisors LP bought a new position in First Mid-Illinois Bancshares during the third quarter valued at approximately $273,000. OxFORD Asset Management LLP lifted its position in First Mid-Illinois Bancshares by 32.4% during the third quarter. OxFORD Asset Management LLP now owns 11,557 shares of the bank’s stock valued at $438,000 after purchasing an additional 2,830 shares during the period. Vanguard Group Inc. lifted its position in First Mid-Illinois Bancshares by 2.5% during the second quarter. Vanguard Group Inc. now owns 272,530 shares of the bank’s stock valued at $9,331,000 after purchasing an additional 6,623 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its position in First Mid-Illinois Bancshares by 44.3% during the second quarter. TIAA CREF Investment Management LLC now owns 26,853 shares of the bank’s stock valued at $919,000 after purchasing an additional 8,246 shares during the period. Institutional investors own 21.32% of the company’s stock.

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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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