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

Brokers have set a 1-year consensus price target of $42.50 for the company and are anticipating that the company will post $0.59 EPS for the current quarter, according to Zacks. Zacks has also given First Mid-Illinois Bancshares an industry rank of 83 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded shares of First Mid-Illinois Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th.

In other news, CEO Clay M. Dean sold 701 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $37.55, for a total transaction of $26,322.55. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 20.30% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of FMBH. 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 buying an additional 4,794 shares during the period. Nationwide Fund Advisors increased its holdings in First Mid-Illinois Bancshares by 27.2% in the 2nd quarter. Nationwide Fund Advisors now owns 5,690 shares of the bank’s stock worth $195,000 after buying an additional 1,217 shares during the period. Voya Investment Management LLC acquired a new position in First Mid-Illinois Bancshares in the 2nd quarter worth approximately $201,000. First Trust Advisors LP acquired a new position in First Mid-Illinois Bancshares in the 3rd quarter worth approximately $273,000. Finally, SG Americas Securities LLC acquired a new position in First Mid-Illinois Bancshares in the 3rd quarter worth approximately $331,000. Hedge funds and other institutional investors own 20.39% of the company’s stock.

Shares of First Mid-Illinois Bancshares (NASDAQ:FMBH) traded down $1.97 during trading on Friday, reaching $38.72. 26,449 shares of the company’s stock were exchanged, compared to its average volume of 40,412. The company has a market capitalization of $514.24, a P/E ratio of 16.69, a PEG ratio of 1.92 and a beta of -0.01. 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 fifty-two week low of $28.37 and a fifty-two week high of $42.03.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last announced its earnings results on Thursday, October 26th. The bank reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. First Mid-Illinois Bancshares had a net margin of 22.67% and a return on equity of 9.75%. The business had revenue of $30.53 million during the quarter, compared to the consensus estimate of $30.75 million. equities research analysts predict that First Mid-Illinois Bancshares will post 2.35 EPS for the current year.

The business also recently disclosed a semiannual dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, December 1st were issued a dividend of $0.34 per share. The ex-dividend date was Thursday, November 30th. This represents a dividend yield of 1.63%. This is an increase from First Mid-Illinois Bancshares’s previous semiannual dividend of $0.32. First Mid-Illinois Bancshares’s dividend payout ratio is 29.31%.

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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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