First Mid-Illinois Bancshares (NASDAQ:FMBH) posted its quarterly earnings data on Thursday. The bank reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.15, MarketWatch Earnings reports. First Mid-Illinois Bancshares had a return on equity of 8.30% and a net margin of 21.61%. The firm had revenue of $45.47 million for the quarter, compared to analysts’ expectations of $44.03 million.
Shares of NASDAQ:FMBH traded down $1.39 during midday trading on Friday, hitting $24.41. The company had a trading volume of 33,022 shares, compared to its average volume of 21,902. First Mid-Illinois Bancshares has a twelve month low of $18.60 and a twelve month high of $36.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $407.70 million, a price-to-earnings ratio of 9.32 and a beta of 0.82. The business’s 50-day simple moving average is $24.94 and its 200-day simple moving average is $26.85.
A number of research analysts have recently weighed in on FMBH shares. ValuEngine cut First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, April 17th. Zacks Investment Research downgraded First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, May 29th. Raymond James downgraded First Mid-Illinois Bancshares from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, June 17th. Finally, BidaskClub downgraded First Mid-Illinois Bancshares from a “sell” rating to a “strong sell” rating in a research note on Friday, July 10th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. First Mid-Illinois Bancshares has a consensus rating of “Sell” and an average price target of $36.00.
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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