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%.

WARNING: “Analysts Expect First Mid-Illinois Bancshares, Inc. (FMBH) to Post $0.59 Earnings Per Share” was first reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at

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).

Get a free copy of the Zacks research report on First Mid-Illinois Bancshares (FMBH)

For more information about research offerings from Zacks Investment Research, visit

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's FREE daily email newsletter.