FY2019 EPS Estimates for First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) Decreased by DA Davidson

First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) – Equities researchers at DA Davidson reduced their FY2019 EPS estimates for shares of First Mid-Illinois Bancshares in a research report issued on Tuesday, July 30th, Zacks Investment Research reports. DA Davidson analyst K. Reevey now anticipates that the bank will post earnings per share of $2.94 for the year, down from their prior forecast of $3.09.

Other research analysts have also recently issued reports about the company. Zacks Investment Research cut First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. BidaskClub raised First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Hovde Group started coverage on First Mid-Illinois Bancshares in a research report on Monday, May 6th. They set a “market perform” rating and a $39.00 price target for the company. Finally, ValuEngine cut First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, June 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $40.50.

NASDAQ FMBH traded down $0.98 during trading hours on Thursday, hitting $31.02. 27,588 shares of the company traded hands, compared to its average volume of 22,899. The business’s 50-day moving average is $33.03 and its 200-day moving average is $33.91. First Mid-Illinois Bancshares has a twelve month low of $30.20 and a twelve month high of $41.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $534.28 million, a price-to-earnings ratio of 11.36 and a beta of 0.46.

A number of large investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans increased its stake in shares of First Mid-Illinois Bancshares by 8.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 7,397 shares of the bank’s stock worth $236,000 after purchasing an additional 563 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of First Mid-Illinois Bancshares by 486.6% during the first quarter. BNP Paribas Arbitrage SA now owns 2,663 shares of the bank’s stock worth $89,000 after purchasing an additional 2,209 shares during the period. Victory Capital Management Inc. increased its stake in shares of First Mid-Illinois Bancshares by 36.4% during the first quarter. Victory Capital Management Inc. now owns 40,650 shares of the bank’s stock worth $1,354,000 after purchasing an additional 10,850 shares during the period. Geode Capital Management LLC increased its stake in shares of First Mid-Illinois Bancshares by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 129,497 shares of the bank’s stock worth $4,133,000 after purchasing an additional 8,951 shares during the period. Finally, BlackRock Inc. increased its stake in shares of First Mid-Illinois Bancshares by 5.7% during the fourth quarter. BlackRock Inc. now owns 662,447 shares of the bank’s stock worth $21,146,000 after purchasing an additional 35,547 shares during the period. Hedge funds and other institutional investors own 30.48% of the company’s stock.

First Mid-Illinois Bancshares Company Profile

First Mid Bancshares, Inc, through its subsidiaries, provides community banking products and services to commercial, retail, and agricultural customers in the United States. It accepts various deposit products, such as demand deposits, savings accounts, money market deposits, and time deposits. The company's loan products include commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.

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Earnings History and Estimates for First Mid-Illinois Bancshares (NASDAQ:FMBH)

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