Brokerages Set $42.33 Target Price for First Mid-Illinois Bancshares, Inc. Common Stock (FMBH)

First Mid-Illinois Bancshares, Inc. Common Stock (NASDAQ:FMBH) has received an average broker rating score of 1.50 (Buy) from the four analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and three have assigned a strong buy rating to the company. First Mid-Illinois Bancshares, Inc. Common Stock’s rating score has improved by 10.2% in the last 90 days as a result of various analysts’ ratings changes.

Brokerages have set a twelve-month consensus price target of $42.33 for the company and are predicting that the company will post $0.65 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Mid-Illinois Bancshares, Inc. Common Stock an industry rank of 103 out of 255 based on the ratings given to its competitors.

FMBH has been the subject of several analyst reports. Zacks Investment Research downgraded shares of First Mid-Illinois Bancshares, Inc. Common Stock from a “hold” rating to a “strong sell” rating in a research note on Monday, April 2nd. BidaskClub downgraded shares of First Mid-Illinois Bancshares, Inc. Common Stock from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Sandler O’Neill initiated coverage on shares of First Mid-Illinois Bancshares, Inc. Common Stock in a research note on Thursday, April 5th. They issued a “buy” rating and a $41.00 target price for the company. Finally, ValuEngine downgraded shares of First Mid-Illinois Bancshares, Inc. Common Stock from a “buy” rating to a “hold” rating in a research note on Wednesday, April 18th.

Shares of First Mid-Illinois Bancshares, Inc. Common Stock traded down $0.06, hitting $39.30, on Monday, MarketBeat.com reports. The stock had a trading volume of 501 shares, compared to its average volume of 23,864. The company has a market capitalization of $498.98 million, a PE ratio of 17.57, a price-to-earnings-growth ratio of 1.61 and a beta of 0.08. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. First Mid-Illinois Bancshares, Inc. Common Stock has a 52-week low of $30.01 and a 52-week high of $42.03.

First Mid-Illinois Bancshares, Inc. Common Stock (NASDAQ:FMBH) last announced its earnings results on Wednesday, April 25th. The bank reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $30.68 million during the quarter, compared to the consensus estimate of $31.00 million. First Mid-Illinois Bancshares, Inc. Common Stock had a net margin of 22.02% and a return on equity of 9.82%. equities research analysts predict that First Mid-Illinois Bancshares, Inc. Common Stock will post 2.71 EPS for the current year.

The company also recently announced a Semi-Annual dividend, which was paid on Friday, June 8th. Stockholders of record on Friday, June 1st were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, May 31st. First Mid-Illinois Bancshares, Inc. Common Stock’s dividend payout ratio (DPR) is presently 4.46%.

A number of institutional investors and hedge funds have recently bought and sold shares of FMBH. Schwab Charles Investment Management Inc. raised its holdings in First Mid-Illinois Bancshares, Inc. Common Stock by 17.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 22,152 shares of the bank’s stock valued at $854,000 after acquiring an additional 3,252 shares in the last quarter. Bessemer Group Inc. raised its holdings in First Mid-Illinois Bancshares, Inc. Common Stock by 18.6% in the fourth quarter. Bessemer Group Inc. now owns 15,300 shares of the bank’s stock valued at $590,000 after acquiring an additional 2,400 shares in the last quarter. Dupont Capital Management Corp acquired a new stake in First Mid-Illinois Bancshares, Inc. Common Stock in the fourth quarter valued at $391,000. LSV Asset Management raised its holdings in First Mid-Illinois Bancshares, Inc. Common Stock by 102.4% in the fourth quarter. LSV Asset Management now owns 43,300 shares of the bank’s stock valued at $1,668,000 after acquiring an additional 21,905 shares in the last quarter. Finally, Swiss National Bank acquired a new stake in First Mid-Illinois Bancshares, Inc. Common Stock in the fourth quarter valued at $574,000. 24.02% of the stock is currently owned by hedge funds and other institutional investors.

First Mid-Illinois Bancshares, Inc. Common Stock 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.

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