First Mid-Illinois Bancshares, Inc. (FMBH) Posts Earnings Results, Beats Estimates By $0.01 EPS
First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) issued its quarterly earnings results on Thursday. The bank reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01, MarketWatch Earnings reports. The firm had revenue of $30.53 million for the quarter, compared to analyst estimates of $30.75 million. First Mid-Illinois Bancshares had a net margin of 22.04% and a return on equity of 9.16%.
First Mid-Illinois Bancshares (FMBH) traded down 1.03% during trading on Friday, hitting $41.34. 15,437 shares of the company traded hands. First Mid-Illinois Bancshares has a 52 week low of $25.84 and a 52 week high of $41.92. The stock has a market capitalization of $517.29 million, a PE ratio of 18.66 and a beta of -0.03. The company’s 50 day moving average is $37.73 and its 200-day moving average is $35.32.
The firm also recently announced a semiannual dividend, which will be paid on Friday, December 8th. Investors of record on Friday, December 1st will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, November 30th. This represents a dividend yield of 1.63%. This is a positive change from First Mid-Illinois Bancshares’s previous semiannual dividend of $0.32.
ILLEGAL ACTIVITY NOTICE: “First Mid-Illinois Bancshares, Inc. (FMBH) Posts Earnings Results, Beats Estimates By $0.01 EPS” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/27/first-mid-illinois-bancshares-inc-fmbh-posts-earnings-results-beats-estimates-by-0-01-eps.html.
In related news, insider Laurel G. Allenbaugh sold 780 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $34.99, for a total transaction of $27,292.20. Following the sale, the insider now owns 2,674 shares of the company’s stock, valued at $93,563.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William S. Rowland sold 4,960 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $34.24, for a total transaction of $169,830.40. Following the sale, the director now directly owns 48,407 shares in the company, valued at approximately $1,657,455.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,000 shares of company stock worth $274,790. 20.30% of the stock is owned by insiders.
FMBH has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of First Mid-Illinois Bancshares from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Friday, September 8th. BidaskClub lowered shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th.
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).
Receive News & Ratings for First Mid-Illinois Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Mid-Illinois Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.