Equities research analysts forecast that First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) will report sales of $45.97 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for First Mid-Illinois Bancshares’ earnings, with estimates ranging from $44.50 million to $47.20 million. First Mid-Illinois Bancshares posted sales of $30.68 million during the same quarter last year, which suggests a positive year over year growth rate of 49.8%. The company is scheduled to announce its next quarterly earnings report on Wednesday, April 24th.
On average, analysts expect that First Mid-Illinois Bancshares will report full year sales of $183.40 million for the current fiscal year, with estimates ranging from $180.90 million to $186.70 million. For the next fiscal year, analysts forecast that the firm will report sales of $189.20 million, with estimates ranging from $186.30 million to $191.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover First Mid-Illinois Bancshares.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last posted its earnings results on Thursday, January 24th. The bank reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.11). The company had revenue of $42.65 million for the quarter, compared to analyst estimates of $42.07 million. First Mid-Illinois Bancshares had a return on equity of 9.85% and a net margin of 22.88%.
FMBH has been the subject of several analyst reports. Zacks Investment Research upgraded First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, January 8th. ValuEngine upgraded First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. Finally, BidaskClub upgraded First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, December 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. First Mid-Illinois Bancshares currently has an average rating of “Hold” and an average price target of $44.33.
Shares of First Mid-Illinois Bancshares stock traded down $0.50 during trading on Friday, hitting $33.08. 6,005 shares of the company were exchanged, compared to its average volume of 18,481. The firm has a market capitalization of $554.28 million, a P/E ratio of 12.12, a PEG ratio of 1.26 and a beta of 0.43. First Mid-Illinois Bancshares has a 1-year low of $30.01 and a 1-year high of $42.46. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31.
Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its position in shares of First Mid-Illinois Bancshares by 5.7% in the 4th quarter. BlackRock Inc. now owns 662,447 shares of the bank’s stock valued at $21,146,000 after purchasing an additional 35,547 shares during the period. Vanguard Group Inc lifted its stake in First Mid-Illinois Bancshares by 3.1% in the 3rd quarter. Vanguard Group Inc now owns 458,277 shares of the bank’s stock valued at $18,482,000 after acquiring an additional 13,701 shares in the last quarter. Vanguard Group Inc. lifted its stake in First Mid-Illinois Bancshares by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 458,277 shares of the bank’s stock valued at $18,482,000 after acquiring an additional 13,701 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in First Mid-Illinois Bancshares by 19.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 240,294 shares of the bank’s stock valued at $7,670,000 after acquiring an additional 39,352 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in First Mid-Illinois Bancshares by 5.7% in the 3rd quarter. Renaissance Technologies LLC now owns 148,100 shares of the bank’s stock valued at $5,973,000 after acquiring an additional 7,987 shares in the last quarter. Institutional investors and hedge funds own 28.45% of the company’s stock.
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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