Analysts forecast that First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) will post $0.69 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for First Mid-Illinois Bancshares’ earnings, with the lowest EPS estimate coming in at $0.68 and the highest estimate coming in at $0.71. First Mid-Illinois Bancshares posted earnings per share of $0.66 during the same quarter last year, which indicates a positive year over year growth rate of 4.5%. The firm is expected to report its next earnings results on Wednesday, April 24th.

According to Zacks, analysts expect that First Mid-Illinois Bancshares will report full-year earnings of $3.01 per share for the current year, with EPS estimates ranging from $2.95 to $3.09. For the next fiscal year, analysts forecast that the firm will post earnings of $3.20 per share, with EPS estimates ranging from $3.05 to $3.30. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow First Mid-Illinois Bancshares.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last posted its quarterly earnings results on Thursday, January 24th. The bank reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.11). First Mid-Illinois Bancshares had a net margin of 22.88% and a return on equity of 10.48%. The firm had revenue of $42.65 million for the quarter, compared to the consensus estimate of $42.07 million.

Several brokerages have commented on FMBH. BidaskClub lowered shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Zacks Investment Research lowered shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a report on Thursday. Finally, ValuEngine lowered shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.50.

In related news, CEO Clay M. Dean acquired 2,821 shares of the firm’s stock in a transaction on Friday, November 23rd. The stock was acquired at an average cost of $35.45 per share, for a total transaction of $100,004.45. Following the acquisition, the chief executive officer now owns 1,000 shares of the company’s stock, valued at $35,450. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 17.80% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Federated Investors Inc. PA grew its position in First Mid-Illinois Bancshares by 134.9% during the 3rd quarter. Federated Investors Inc. PA now owns 1,010 shares of the bank’s stock valued at $40,000 after purchasing an additional 580 shares during the last quarter. SG Americas Securities LLC purchased a new stake in First Mid-Illinois Bancshares during the 3rd quarter valued at about $162,000. Alpine Woods Capital Investors LLC purchased a new stake in First Mid-Illinois Bancshares during the 3rd quarter valued at about $202,000. Capital Advisors Inc. OK purchased a new stake in First Mid-Illinois Bancshares during the 4th quarter valued at about $215,000. Finally, MetLife Investment Advisors LLC grew its position in First Mid-Illinois Bancshares by 58.3% during the 3rd quarter. MetLife Investment Advisors LLC now owns 9,196 shares of the bank’s stock valued at $371,000 after purchasing an additional 3,387 shares during the last quarter. 30.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ FMBH opened at $34.20 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.89 and a quick ratio of 0.89. First Mid-Illinois Bancshares has a 12 month low of $30.01 and a 12 month high of $42.46. The firm has a market capitalization of $523.17 million, a price-to-earnings ratio of 12.53, a P/E/G ratio of 1.26 and a beta of 0.42.

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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