First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) has received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $42.00.

A number of research firms have recently commented on FMBH. Zacks Investment Research raised First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. ValuEngine raised First Mid-Illinois Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, May 4th.

A number of institutional investors have recently made changes to their positions in the stock. Northern Trust Corp boosted its holdings in shares of First Mid-Illinois Bancshares by 0.3% in the first quarter. Northern Trust Corp now owns 144,178 shares of the bank’s stock worth $4,804,000 after acquiring an additional 439 shares during the period. Swiss National Bank boosted its holdings in shares of First Mid-Illinois Bancshares by 3.0% in the first quarter. Swiss National Bank now owns 20,900 shares of the bank’s stock worth $696,000 after acquiring an additional 600 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of First Mid-Illinois Bancshares by 13.5% in the first quarter. Dimensional Fund Advisors LP now owns 272,656 shares of the bank’s stock worth $9,085,000 after acquiring an additional 32,362 shares during the period. BlackRock Inc. boosted its holdings in shares of First Mid-Illinois Bancshares by 0.8% in the first quarter. BlackRock Inc. now owns 667,819 shares of the bank’s stock worth $22,251,000 after acquiring an additional 5,372 shares during the period. Finally, Cetera Advisor Networks LLC bought a new position in shares of First Mid-Illinois Bancshares in the first quarter worth $1,892,000. 28.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ FMBH traded down $1.64 during mid-day trading on Monday, reaching $33.75. 11,449 shares of the company’s stock were exchanged, compared to its average volume of 18,304. The firm has a market cap of $562.65 million, a P/E ratio of 12.36, a P/E/G ratio of 1.30 and a beta of 0.44. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.87. First Mid-Illinois Bancshares has a twelve month low of $30.01 and a twelve month high of $42.46.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last released its quarterly earnings results on Wednesday, April 24th. The bank reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.08. The company had revenue of $46.89 million for the quarter, compared to analyst estimates of $45.97 million. First Mid-Illinois Bancshares had a return on equity of 9.92% and a net margin of 23.07%. Equities analysts anticipate that First Mid-Illinois Bancshares will post 3.01 EPS for the current year.

The firm also recently declared a semiannual dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.36 per share. This represents a dividend yield of 2.08%. The ex-dividend date is Friday, May 31st. First Mid-Illinois Bancshares’s dividend payout ratio is currently 26.37%.

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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