Research Analysts Offer Predictions for First Mid-Illinois Bancshares, Inc.’s Q1 2018 Earnings (FMBH)
First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) – Analysts at DA Davidson issued their Q1 2018 EPS estimates for First Mid-Illinois Bancshares in a research report issued to clients and investors on Tuesday. DA Davidson analyst K. Reevey forecasts that the bank will post earnings per share of $0.59 for the quarter. DA Davidson also issued estimates for First Mid-Illinois Bancshares’ Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.65 EPS and FY2019 earnings at $2.72 EPS.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last issued its quarterly earnings data on Thursday, October 26th. The bank reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $30.53 million during the quarter, compared to analysts’ expectations of $30.75 million. First Mid-Illinois Bancshares had a net margin of 22.67% and a return on equity of 9.92%. TRADEMARK VIOLATION NOTICE: This piece of content was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/11/02/research-analysts-offer-predictions-for-first-mid-illinois-bancshares-inc-s-q1-2018-earnings-fmbh.html.
Several other equities research analysts have also issued reports on FMBH. Zacks Investment Research raised shares of First Mid-Illinois Bancshares from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Friday, September 8th. BidaskClub raised shares of First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd.
The company 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 $0.34 dividend. This represents a yield of 1.63%. This is a positive change from First Mid-Illinois Bancshares’s previous semiannual dividend of $0.32. The ex-dividend date of this dividend is Thursday, November 30th. First Mid-Illinois Bancshares’s dividend payout ratio is currently 27.59%.
In related news, Director William S. Rowland sold 4,960 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $34.24, for a total value of $169,830.40. Following the completion of the sale, the director now directly owns 48,407 shares of the company’s stock, valued at approximately $1,657,455.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laurel G. Allenbaugh sold 780 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $34.99, for a total transaction of $27,292.20. Following the completion of the sale, the insider now directly owns 2,674 shares of the company’s stock, valued at $93,563.26. The disclosure for this sale can be found here. Insiders sold a total of 8,000 shares of company stock valued at $274,790 over the last three months. 20.30% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors increased its holdings in First Mid-Illinois Bancshares by 33.3% in the 1st quarter. Nationwide Fund Advisors now owns 4,473 shares of the bank’s stock worth $151,000 after acquiring an additional 1,117 shares in the last quarter. American International Group Inc. increased its holdings in First Mid-Illinois Bancshares by 38.8% in the 1st quarter. American International Group Inc. now owns 4,579 shares of the bank’s stock worth $155,000 after acquiring an additional 1,279 shares in the last quarter. SG Americas Securities LLC purchased a new stake in First Mid-Illinois Bancshares in the 1st quarter worth approximately $161,000. LSV Asset Management increased its holdings in First Mid-Illinois Bancshares by 947.4% in the 2nd quarter. LSV Asset Management now owns 5,300 shares of the bank’s stock worth $181,000 after acquiring an additional 4,794 shares in the last quarter. Finally, Voya Investment Management LLC purchased a new stake in First Mid-Illinois Bancshares in the 2nd quarter worth approximately $201,000. 19.73% of the stock is owned by institutional investors.
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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