Wall Street brokerages predict that First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) will announce earnings per share (EPS) of $0.63 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for First Mid-Illinois Bancshares’ earnings, with the highest EPS estimate coming in at $0.74 and the lowest estimate coming in at $0.44. First Mid-Illinois Bancshares reported earnings per share of $0.70 during the same quarter last year, which would suggest a negative year-over-year growth rate of 10%. The firm is expected to report its next quarterly earnings results on Thursday, October 22nd.
According to Zacks, analysts expect that First Mid-Illinois Bancshares will report full-year earnings of $2.51 per share for the current year, with EPS estimates ranging from $2.24 to $2.71. For the next year, analysts anticipate that the business will post earnings of $2.55 per share, with EPS estimates ranging from $2.45 to $2.62. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover First Mid-Illinois Bancshares.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last posted its earnings results on Thursday, July 30th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.15. First Mid-Illinois Bancshares had a return on equity of 8.22% and a net margin of 21.61%. The firm had revenue of $45.47 million for the quarter, compared to the consensus estimate of $44.03 million.
A number of research analysts have recently issued reports on the company. Zacks Investment Research cut First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, May 29th. BidaskClub cut First Mid-Illinois Bancshares from a “sell” rating to a “strong sell” rating in a research note on Thursday. Finally, Raymond James cut First Mid-Illinois Bancshares from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, June 17th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. First Mid-Illinois Bancshares has a consensus rating of “Sell” and an average target price of $36.00.
Several hedge funds have recently added to or reduced their stakes in FMBH. BNP Paribas Arbitrage SA increased its position in shares of First Mid-Illinois Bancshares by 26.8% during the first quarter. BNP Paribas Arbitrage SA now owns 4,500 shares of the bank’s stock valued at $107,000 after acquiring an additional 952 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new stake in shares of First Mid-Illinois Bancshares during the second quarter valued at approximately $118,000. SG Americas Securities LLC bought a new stake in shares of First Mid-Illinois Bancshares during the first quarter valued at approximately $120,000. Citigroup Inc. increased its position in shares of First Mid-Illinois Bancshares by 92.0% during the first quarter. Citigroup Inc. now owns 5,950 shares of the bank’s stock valued at $141,000 after acquiring an additional 2,851 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of First Mid-Illinois Bancshares by 25.3% during the first quarter. Deutsche Bank AG now owns 8,137 shares of the bank’s stock valued at $194,000 after acquiring an additional 1,644 shares in the last quarter. Hedge funds and other institutional investors own 34.41% of the company’s stock.
FMBH traded up $0.51 during trading on Tuesday, reaching $26.38. The stock had a trading volume of 16,971 shares, compared to its average volume of 23,663. The stock has a market cap of $441.28 million, a PE ratio of 10.07 and a beta of 0.81. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.91 and a current ratio of 0.92. First Mid-Illinois Bancshares has a one year low of $18.60 and a one year high of $36.25. The business has a 50-day moving average of $25.80 and a 200-day moving average of $25.51.
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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