First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) Expected to Post Quarterly Sales of $46.12 Million
Wall Street analysts expect First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) to report $46.12 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for First Mid-Illinois Bancshares’ earnings. The lowest sales estimate is $45.30 million and the highest is $47.30 million. First Mid-Illinois Bancshares reported sales of $46.89 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.6%. The firm is expected to report its next quarterly earnings results on Wednesday, April 22nd.
On average, analysts expect that First Mid-Illinois Bancshares will report full-year sales of $180.75 million for the current fiscal year, with estimates ranging from $178.95 million to $184.00 million. For the next fiscal year, analysts forecast that the company will report sales of $187.28 million, with estimates ranging from $184.74 million to $192.00 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow First Mid-Illinois Bancshares.
First Mid-Illinois Bancshares (NASDAQ:FMBH) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. First Mid-Illinois Bancshares had a return on equity of 9.41% and a net margin of 23.30%. The company had revenue of $45.86 million for the quarter, compared to the consensus estimate of $44.00 million.
In other First Mid-Illinois Bancshares news, Director Ray A. Sparks sold 5,176 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $35.06, for a total transaction of $181,470.56. Following the sale, the director now owns 222,104 shares in the company, valued at $7,786,966.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ray A. Sparks sold 36,549 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $36.07, for a total value of $1,318,322.43. Following the sale, the director now owns 229,309 shares in the company, valued at approximately $8,271,175.63. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,539 shares of company stock valued at $1,881,583. 13.60% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the business. Visionary Wealth Advisors purchased a new position in First Mid-Illinois Bancshares in the 4th quarter worth approximately $1,833,000. Bank of New York Mellon Corp raised its holdings in First Mid-Illinois Bancshares by 38.3% in the 4th quarter. Bank of New York Mellon Corp now owns 106,911 shares of the bank’s stock worth $3,768,000 after acquiring an additional 29,583 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in First Mid-Illinois Bancshares by 262.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 22,079 shares of the bank’s stock worth $778,000 after acquiring an additional 15,979 shares during the last quarter. UBS Group AG raised its holdings in First Mid-Illinois Bancshares by 69.5% in the 4th quarter. UBS Group AG now owns 18,602 shares of the bank’s stock worth $656,000 after acquiring an additional 7,629 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in First Mid-Illinois Bancshares by 148.1% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 100,508 shares of the bank’s stock worth $3,543,000 after acquiring an additional 60,000 shares during the last quarter. Hedge funds and other institutional investors own 31.72% of the company’s stock.
Shares of First Mid-Illinois Bancshares stock traded down $0.61 on Friday, hitting $32.72. The company had a trading volume of 11,569 shares, compared to its average volume of 18,593. The stock has a market capitalization of $555.44 million, a price-to-earnings ratio of 11.36 and a beta of 0.54. First Mid-Illinois Bancshares has a 1 year low of $30.20 and a 1 year high of $36.45. The stock has a 50 day moving average of $34.20 and a 200-day moving average of $34.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 0.86.
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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