NASDAQ:FMBHFirst Mid-Illinois Bancshares Stock Price, Forecast & News

$24.93

-0.02 (-0.08 %)

(As of 07/3/2020 04:00 PM ET)

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Today's Range

$24.69

Now: $24.93▼

$25.71

50-Day Range

$22.84

MA: $25.36▼

$29.08

52-Week Range

$18.60

Now: $24.93▼

$36.25

Volume25,800 shs

Average Volume39,187 shs

Market Capitalization$416.38 million

P/E Ratio9.30

Dividend Yield3.21%

Beta0.82

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. It also offers wealth management services, which include estate planning, investment, and farm management services for individuals; and employee benefit services for business enterprises. In addition, the company provides commercial lines insurance to businesses, as well as homeowner, automobile, health, life, and other types of personal lines insurance to individuals. As of March 4, 2019, it operated through a network of 67 banking centers in Illinois and Missouri, and a loan production office in Indiana. The company was formerly known as First Mid-Illinois Bancshares, Inc. and changed its name to First Mid Bancshares, Inc. in April 2019. First Mid Bancshares, Inc. was incorporated in 1981 and is headquartered in Mattoon, Illinois.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
First Mid-Illinois Bancshares has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $33.00, First Mid-Illinois Bancshares has a potential upside of 32.4% from its current price of $24.93.
Amount of Analyst Coverage
First Mid-Illinois Bancshares has only been the subject of 1 research reports in the past 90 days.

1.8 Community Rank

Outperform Votes
First Mid-Illinois Bancshares has received 163 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First Mid-Illinois Bancshares has received 290 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First Mid-Illinois Bancshares has received 64.02% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about First Mid-Illinois Bancshares and other stocks. Vote “Outperform” if you believe FMBH will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FMBH will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
First Mid-Illinois Bancshares pays a meaningful dividend of 3.21%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
First Mid-Illinois Bancshares has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of First Mid-Illinois Bancshares is 27.87%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, First Mid-Illinois Bancshares will have a dividend payout ratio of 33.61% next year. This indicates that First Mid-Illinois Bancshares will be able to sustain or increase its dividend.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Mid-Illinois Bancshares insiders have bought more of their company's stock than they have sold. Specifically, they have bought $5,001.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 13.50% of the stock of First Mid-Illinois Bancshares is held by insiders.
Percentage Held by Institutions
Only 33.69% of the stock of First Mid-Illinois Bancshares is held by institutions.

2.5 Earnings and Valuation

Earnings Growth
Earnings for First Mid-Illinois Bancshares are expected to grow by 0.42% in the coming year, from $2.37 to $2.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Mid-Illinois Bancshares is 9.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.73.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Mid-Illinois Bancshares is 9.30, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.58.
Price to Book Value per Share Ratio
First Mid-Illinois Bancshares has a P/B Ratio of 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.56 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:FMBH

Previous Symbol

CUSIPN/A

CIK700565

Webwww.firstmid.com

Phone217-234-7454

Debt

Debt-to-Equity Ratio0.29

Current Ratio0.93

Quick Ratio0.93

Price-To-Earnings

Trailing P/E Ratio9.30

Forward P/E Ratio10.52

P/E GrowthN/A

Sales & Book Value

Annual Sales$205.74 million

Price / Sales2.02

Cash Flow$3.53 per share

Price / Cash Flow7.07

Book Value$31.60 per share

Price / Book0.79

Profitability

EPS (Most Recent Fiscal Year)$2.87

Net Income$47.94 million

Net Margins21.84%

Return on Equity8.54%

Return on Assets1.16%

Miscellaneous

Employees832

Outstanding Shares16,702,000

Market Cap$416.38 million

Next Earnings Date7/23/2020 (Estimated)

OptionableNot Optionable

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First Mid-Illinois Bancshares (NASDAQ:FMBH) Frequently Asked Questions

How has First Mid-Illinois Bancshares' stock been impacted by COVID-19 (Coronavirus)?

First Mid-Illinois Bancshares' stock was trading at $23.50 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, FMBH stock has increased by 6.1% and is now trading at $24.93. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of First Mid-Illinois Bancshares?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Mid-Illinois Bancshares in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for First Mid-Illinois Bancshares.

When is First Mid-Illinois Bancshares' next earnings date?

First Mid-Illinois Bancshares is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for First Mid-Illinois Bancshares.

How were First Mid-Illinois Bancshares' earnings last quarter?

First Mid-Illinois Bancshares, Inc. (NASDAQ:FMBH) issued its earnings results on Thursday, April, 30th. The bank reported $0.60 EPS for the quarter, missing the consensus estimate of $0.63 by $0.03. The bank earned $46.38 million during the quarter, compared to analyst estimates of $45.65 million. First Mid-Illinois Bancshares had a net margin of 21.84% and a return on equity of 8.54%. View First Mid-Illinois Bancshares' earnings history.

How often does First Mid-Illinois Bancshares pay dividends? What is the dividend yield for First Mid-Illinois Bancshares?

First Mid-Illinois Bancshares declared a Semi-Annual dividend on Tuesday, May 19th. Stockholders of record on Monday, June 1st will be given a dividend of $0.40 per share on Monday, June 15th. This represents a yield of 3.3%. The ex-dividend date of this dividend is Friday, May 29th. View First Mid-Illinois Bancshares' dividend history.

What price target have analysts set for FMBH?

2 brokerages have issued twelve-month price targets for First Mid-Illinois Bancshares' stock. Their forecasts range from $33.00 to $33.00. On average, they expect First Mid-Illinois Bancshares' share price to reach $33.00 in the next twelve months. This suggests a possible upside of 32.4% from the stock's current price. View analysts' price targets for First Mid-Illinois Bancshares.

Has First Mid-Illinois Bancshares been receiving favorable news coverage?

Press coverage about FMBH stock has trended somewhat negative on Friday, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. First Mid-Illinois Bancshares earned a daily sentiment score of -1.3 on InfoTrie's scale. They also gave media stories about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about First Mid-Illinois Bancshares.

Who are some of First Mid-Illinois Bancshares' key competitors?

Some companies that are related to First Mid-Illinois Bancshares include Hilltop (HTH), South State (SSB), Ameris Bancorp (ABCB), Texas Capital Bancshares (TCBI), United Community Banks (UCBI), Renasant (RNST), TowneBank (TOWN), Banner (BANR), Pacific Premier Bancorp (PPBI), First Bancorp (FBP), Heartland Financial USA (HTLF), Lakeland Financial (LKFN), Seacoast Banking Co. of Florida (SBCF), Eagle Bancorp (EGBN) and First Busey (BUSE). View all competitors.

What other stocks do shareholders of First Mid-Illinois Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First Mid-Illinois Bancshares investors own include Exxon Mobil (XOM), Enbridge (ENB), NXP Semiconductors (NXPI), AbbVie (ABBV), Bristol-Myers Squibb (BMY), Harley-Davidson (HOG), IBM (IBM), Lithia Motors (LAD), Altria Group (MO) and ONEOK (OKE).

Who are First Mid-Illinois Bancshares' key executives?

First Mid-Illinois Bancshares' management team includes the following people:

Mr. Joseph R. Dively, Chairman, Pres & CEO (Age 60)
Mr. Matthew K. Smith CPA, Exec. VP & CFO (Age 44)
Mr. Michael L. Taylor, Sr. EVP & COO (Age 50)
Mr. Eric S. McRae, Exec. VP (Age 54)
Mr. Bradley L. Beesley, Exec. VP & Pres and CEO of First Mid Wealth Management (Age 47)

What is First Mid-Illinois Bancshares' stock symbol?

First Mid-Illinois Bancshares trades on the NASDAQ under the ticker symbol "FMBH."

How do I buy shares of First Mid-Illinois Bancshares?

Shares of FMBH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is First Mid-Illinois Bancshares' stock price today?

One share of FMBH stock can currently be purchased for approximately $24.93.

How big of a company is First Mid-Illinois Bancshares?

First Mid-Illinois Bancshares has a market capitalization of $416.38 million and generates $205.74 million in revenue each year. The bank earns $47.94 million in net income (profit) each year or $2.87 on an earnings per share basis. First Mid-Illinois Bancshares employs 832 workers across the globe.

What is First Mid-Illinois Bancshares' official website?

The official website for First Mid-Illinois Bancshares is www.firstmid.com.

How can I contact First Mid-Illinois Bancshares?

First Mid-Illinois Bancshares' mailing address is 1421 CHARLESTON AVENUE, MATTOON IL, 61938. The bank can be reached via phone at 217-234-7454 or via email at [email protected]

This page was last updated on 7/3/2020 by MarketBeat.com Staff

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