First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) has earned an average broker rating score of 2.33 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokers have set a 12-month consensus target price of $42.50 for the company and are forecasting that the company will post $0.59 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Mid-Illinois Bancshares an industry rank of 22 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th.
First Mid-Illinois Bancshares (NASDAQ FMBH) opened at $38.61 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.83. First Mid-Illinois Bancshares has a one year low of $28.37 and a one year high of $42.03. The company has a market capitalization of $487.95, a PE ratio of 16.64, a price-to-earnings-growth ratio of 1.68 and a beta of -0.01.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last released its quarterly earnings results on Thursday, October 26th. The bank reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. First Mid-Illinois Bancshares had a return on equity of 9.75% and a net margin of 22.67%. The business had revenue of $30.53 million for the quarter, compared to analysts’ expectations of $30.75 million. sell-side analysts expect that First Mid-Illinois Bancshares will post 2.36 EPS for the current year.
In related news, CEO Clay M. Dean sold 701 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $37.55, for a total value of $26,322.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 20.30% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Context BH Capital Management LP lifted its stake in shares of First Mid-Illinois Bancshares by 2.7% in the second quarter. Context BH Capital Management LP now owns 45,880 shares of the bank’s stock worth $1,571,000 after acquiring an additional 1,200 shares in the last quarter. Nationwide Fund Advisors lifted its stake in shares of First Mid-Illinois Bancshares by 27.2% in the second quarter. Nationwide Fund Advisors now owns 5,690 shares of the bank’s stock worth $195,000 after acquiring an additional 1,217 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of First Mid-Illinois Bancshares by 11.9% in the second quarter. California State Teachers Retirement System now owns 17,839 shares of the bank’s stock worth $611,000 after acquiring an additional 1,900 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its stake in shares of First Mid-Illinois Bancshares by 20.0% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 13,791 shares of the bank’s stock worth $528,000 after acquiring an additional 2,300 shares in the last quarter. Finally, OxFORD Asset Management LLP increased its holdings in First Mid-Illinois Bancshares by 32.4% in the third quarter. OxFORD Asset Management LLP now owns 11,557 shares of the bank’s stock valued at $438,000 after buying an additional 2,830 shares during the last quarter. Institutional investors and hedge funds own 20.36% 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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