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

$26.68

-0.09 (-0.34 %)

(As of 06/4/2020 04:00 PM ET)

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Today's Range

$25.91

Now: $26.68▼

$26.80

50-Day Range

$22.51

MA: $24.79▼

$28.17

52-Week Range

$18.60

Now: $26.68▼

$36.25

Volume27,593 shs

Average Volume36,983 shs

Market Capitalization$445.53 million

P/E Ratio9.95

Dividend Yield2.99%

Beta0.81

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^™

2.5 Analyst's Opinion

Consensus Rating
First Mid-Illinois Bancshares has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on no buy ratings, 1 hold rating, 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 23.7% from its current price of $26.68.
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 289 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First Mid-Illinois Bancshares has received 63.94% “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.

3.3 Dividend Strength

Dividend Leadership
First Mid-Illinois Bancshares is a leading dividend payer. It pays a dividend yield of 2.99%, putting its dividend yield in the top 25% of dividend-paying stocks.
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 34.04 % 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.

1.9 Earnings and Valuation

Earnings Growth
Earnings for First Mid-Illinois Bancshares are expected to decrease by -1.26% in the coming year, from $2.38 to $2.35 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Mid-Illinois Bancshares is 9.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.21.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Mid-Illinois Bancshares is 9.95, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 20.00.
Price to Book Value per Share Ratio
First Mid-Illinois Bancshares has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.50 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 Ratio9.95

Forward P/E Ratio11.21

P/E GrowthN/A

Sales & Book Value

Annual Sales$205.74 million

Price / Sales2.17

Cash Flow$3.74 per share

Price / Cash Flow7.13

Book Value$31.60 per share

Price / Book0.84

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$445.53 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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FMBH shares have increased by 13.5% and is now trading at $26.6750. 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 1 hold rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." 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) released its earnings results on Thursday, April, 30th. The bank reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by $0.03. The bank had revenue of $46.38 million for the quarter, compared to the consensus estimate of $45.65 million. First Mid-Illinois Bancshares had a return on equity of 8.54% and a net margin of 21.84%. 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 dividend yield of 3.3%. The ex-dividend date is Friday, May 29th. View First Mid-Illinois Bancshares' dividend history.

What price target have analysts set for FMBH?

2 brokerages have issued 12 month target prices for First Mid-Illinois Bancshares' stock. Their forecasts range from $33.00 to $33.00. On average, they anticipate First Mid-Illinois Bancshares' share price to reach $33.00 in the next year. This suggests a possible upside of 23.7% 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?

Media stories about FMBH stock have been trending negative on Thursday, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. First Mid-Illinois Bancshares earned a media sentiment score of -2.6 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutFirst Mid-Illinois Bancshares.

Are investors shorting First Mid-Illinois Bancshares?

First Mid-Illinois Bancshares saw a increase in short interest in May. As of May 15th, there was short interest totaling 198,100 shares, an increase of 7.4% from the April 30th total of 184,400 shares. Based on an average daily volume of 41,700 shares, the short-interest ratio is currently 4.8 days. Approximately 1.4% of the company's shares are short sold. View First Mid-Illinois Bancshares' Current Options Chain.

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

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

Who are First Mid-Illinois Bancshares' major shareholders?

First Mid-Illinois Bancshares' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.60%), State Street Corp (1.95%), Geode Capital Management LLC (1.19%), The Manufacturers Life Insurance Company (0.84%), Castine Capital Management LLC (0.70%) and GW&K Investment Management LLC (0.64%). Company insiders that own First Mid-Illinois Bancshares stock include Clay M Dean, David R Hiden, Laurel G Allenbaugh, Mary Westerhold, Michael L Taylor and Ray A Sparks. View institutional ownership trends for First Mid-Illinois Bancshares.

Which institutional investors are selling First Mid-Illinois Bancshares stock?

FMBH stock was sold by a variety of institutional investors in the last quarter, including Castine Capital Management LLC, Morgan Stanley, GW&K Investment Management LLC, BHZ Capital Management LP, Cetera Advisor Networks LLC, UBS Group AG, First Trust Advisors LP, and Bank of New York Mellon Corp. Company insiders that have sold First Mid-Illinois Bancshares company stock in the last year include Mary Westerhold, and Ray A Sparks. View insider buying and selling activity for First Mid-Illinois Bancshares.

Which institutional investors are buying First Mid-Illinois Bancshares stock?

FMBH stock was bought by a variety of institutional investors in the last quarter, including Raymond James Trust N.A., BlackRock Inc., Geode Capital Management LLC, JPMorgan Chase & Co., Aperio Group LLC, Russell Investments Group Ltd., State Street Corp, and Wells Fargo & Company MN. Company insiders that have bought First Mid-Illinois Bancshares stock in the last two years include Clay M Dean, David R Hiden, and Mary Westerhold. View insider buying and selling activity for First Mid-Illinois Bancshares.

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 $26.68.

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

First Mid-Illinois Bancshares has a market capitalization of $445.53 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 6/4/2020 by MarketBeat.com Staff