FY2018 EPS Estimates for First Mid-Illinois Bancshares, Inc. (FMBH) Boosted by FIG Partners

First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) – Research analysts at FIG Partners upped their FY2018 EPS estimates for shares of First Mid-Illinois Bancshares in a report issued on Thursday, October 25th. FIG Partners analyst B. Martin now forecasts that the bank will post earnings of $2.94 per share for the year, up from their previous estimate of $2.77. FIG Partners also issued estimates for First Mid-Illinois Bancshares’ Q3 2019 earnings at $0.88 EPS, Q4 2019 earnings at $0.93 EPS and FY2019 earnings at $3.42 EPS.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of First Mid-Illinois Bancshares from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Thursday, August 9th. BidaskClub cut shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, August 28th. Raymond James assumed coverage on shares of First Mid-Illinois Bancshares in a report on Thursday, July 12th. They issued an “outperform” rating and a $45.00 price objective on the stock. Finally, ValuEngine cut shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $44.25.



Shares of FMBH opened at $36.54 on Monday. The stock has a market capitalization of $545.72 million, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 1.39 and a beta of 0.09. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.87 and a current ratio of 0.87. First Mid-Illinois Bancshares has a fifty-two week low of $30.01 and a fifty-two week high of $42.46.

The company also recently announced a semiannual dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Wednesday, November 7th will be paid a $0.36 dividend. This represents a dividend yield of 2.02%. The ex-dividend date of this dividend is Tuesday, November 6th. This is an increase from First Mid-Illinois Bancshares’s previous semiannual dividend of $0.34. First Mid-Illinois Bancshares’s dividend payout ratio is currently 4.46%.

In other news, insider Laurel G. Allenbaugh sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $40.36, for a total value of $100,900.00. Following the transaction, the insider now owns 5,530 shares in the company, valued at $223,190.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 17.80% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can lifted its stake in shares of First Mid-Illinois Bancshares by 4.1% in the second quarter. Bank of Montreal Can now owns 32,961 shares of the bank’s stock worth $1,295,000 after buying an additional 1,297 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of First Mid-Illinois Bancshares by 30.0% in the second quarter. First Trust Advisors LP now owns 30,657 shares of the bank’s stock worth $1,205,000 after buying an additional 7,079 shares in the last quarter. Mackay Shields LLC bought a new position in shares of First Mid-Illinois Bancshares in the second quarter worth approximately $241,000. Renaissance Technologies LLC lifted its stake in shares of First Mid-Illinois Bancshares by 45.5% in the second quarter. Renaissance Technologies LLC now owns 140,113 shares of the bank’s stock worth $5,506,000 after buying an additional 43,813 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of First Mid-Illinois Bancshares by 22.1% in the second quarter. Swiss National Bank now owns 18,200 shares of the bank’s stock worth $715,000 after buying an additional 3,300 shares in the last quarter. Hedge funds and other institutional investors own 30.15% 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.

Further Reading: Why investors pay attention to retained earnings

Earnings History and Estimates for First Mid-Illinois Bancshares (NASDAQ:FMBH)

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