Shares of First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) have earned a consensus broker rating score of 2.33 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company.

Brokerages have set a 12-month consensus price target of $39.50 for the company and are expecting that the company will post $0.60 EPS for the current quarter, according to Zacks. Zacks has also assigned First Mid-Illinois Bancshares an industry rank of 114 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded First Mid-Illinois Bancshares from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, September 26th.

In other First Mid-Illinois Bancshares news, CEO Clay M. Dean sold 701 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $37.55, for a total value of $26,322.55. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Laurel G. Allenbaugh sold 780 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $34.99, for a total value of $27,292.20. Following the completion of the sale, the insider now directly owns 2,674 shares in the company, valued at $93,563.26. The disclosure for this sale can be found here. Company insiders own 20.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of FMBH. State Street Corp increased its position in First Mid-Illinois Bancshares by 40.2% in the second quarter. State Street Corp now owns 153,658 shares of the bank’s stock worth $5,264,000 after buying an additional 44,028 shares during the period. Goldman Sachs Group Inc. acquired a new stake in First Mid-Illinois Bancshares in the first quarter worth $903,000. Dimensional Fund Advisors LP increased its position in First Mid-Illinois Bancshares by 67.1% in the third quarter. Dimensional Fund Advisors LP now owns 61,408 shares of the bank’s stock worth $2,358,000 after buying an additional 24,666 shares during the period. Northern Trust Corp increased its position in First Mid-Illinois Bancshares by 27.1% in the second quarter. Northern Trust Corp now owns 105,507 shares of the bank’s stock worth $3,612,000 after buying an additional 22,496 shares during the period. Finally, Bank of New York Mellon Corp increased its position in First Mid-Illinois Bancshares by 38.6% in the second quarter. Bank of New York Mellon Corp now owns 45,897 shares of the bank’s stock worth $1,572,000 after buying an additional 12,786 shares during the period. 20.39% of the stock is currently owned by hedge funds and other institutional investors.

First Mid-Illinois Bancshares (NASDAQ FMBH) opened at $39.43 on Friday. First Mid-Illinois Bancshares has a one year low of $28.37 and a one year high of $42.03. The stock has a market capitalization of $501.82, a price-to-earnings ratio of 17.03, a P/E/G ratio of 1.89 and a beta of 0.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 0.83.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last announced its quarterly earnings data on Thursday, October 26th. The bank reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. First Mid-Illinois Bancshares had a return on equity of 9.75% and a net margin of 22.67%. The firm had revenue of $30.53 million for the quarter, compared to analysts’ expectations of $30.75 million. analysts predict that First Mid-Illinois Bancshares will post 2.32 EPS for the current fiscal year.

The company also recently disclosed a semiannual dividend, which will be paid on Friday, December 8th. Investors of record on Friday, December 1st will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, November 30th. This is a boost from First Mid-Illinois Bancshares’s previous semiannual dividend of $0.32. This represents a yield of 1.63%. First Mid-Illinois Bancshares’s dividend payout ratio (DPR) is 29.44%.

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About First Mid-Illinois Bancshares

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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