Analysts Expect First Mid-Illinois Bancshares, Inc. (FMBH) Will Post Quarterly Sales of $30.80 Million
Analysts expect First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) to report sales of $30.80 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for First Mid-Illinois Bancshares’ earnings. The lowest sales estimate is $30.20 million and the highest is $31.40 million. First Mid-Illinois Bancshares reported sales of $28.44 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The company is scheduled to issue its next quarterly earnings results on Thursday, January 25th.
On average, analysts expect that First Mid-Illinois Bancshares will report full-year sales of $30.80 million for the current year, with estimates ranging from $120.90 million to $126.70 million. For the next year, analysts forecast that the business will post sales of $138.25 million per share, with estimates ranging from $133.70 million to $142.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for First Mid-Illinois Bancshares.
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 consensus estimate of $0.60 by $0.01. The firm had revenue of $30.53 million during the quarter, compared to the consensus estimate of $30.75 million. First Mid-Illinois Bancshares had a return on equity of 9.75% and a net margin of 22.67%.
In related news, CEO Clay M. Dean sold 701 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 20.30% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. LSV Asset Management raised its stake in shares of First Mid-Illinois Bancshares by 947.4% during the 2nd quarter. LSV Asset Management now owns 5,300 shares of the bank’s stock worth $181,000 after purchasing an additional 4,794 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of First Mid-Illinois Bancshares by 27.2% during the 2nd quarter. Nationwide Fund Advisors now owns 5,690 shares of the bank’s stock worth $195,000 after purchasing an additional 1,217 shares in the last quarter. Voya Investment Management LLC purchased a new stake in shares of First Mid-Illinois Bancshares during the 2nd quarter worth about $201,000. First Trust Advisors LP purchased a new stake in shares of First Mid-Illinois Bancshares during the 3rd quarter worth about $273,000. Finally, OxFORD Asset Management LLP purchased a new stake in shares of First Mid-Illinois Bancshares during the 2nd quarter worth about $299,000. 20.36% of the stock is owned by institutional investors.
Shares of First Mid-Illinois Bancshares (NASDAQ FMBH) opened at $39.67 on Friday. The stock has a market capitalization of $500.56, a PE ratio of 17.17, a P/E/G ratio of 1.71 and a beta of 0.09. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.83 and a quick ratio of 0.83. First Mid-Illinois Bancshares has a one year low of $28.37 and a one year high of $42.03.
WARNING: “Analysts Expect First Mid-Illinois Bancshares, Inc. (FMBH) Will Post Quarterly Sales of $30.80 Million” was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/14/analysts-expect-first-mid-illinois-bancshares-inc-fmbh-will-post-quarterly-sales-of-30-80-million.html.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for First Mid-Illinois Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Mid-Illinois Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.