First Mid-Illinois Bancshares (FMBH) Earning Somewhat Favorable News Coverage, Report Shows

Media coverage about First Mid-Illinois Bancshares (NASDAQ:FMBH) has been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Mid-Illinois Bancshares earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 47.1770984427573 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of First Mid-Illinois Bancshares (FMBH) traded up $0.40 during mid-day trading on Thursday, reaching $38.55. 18,600 shares of the company’s stock were exchanged, compared to its average volume of 21,708. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.83 and a quick ratio of 0.83. First Mid-Illinois Bancshares has a 1-year low of $28.37 and a 1-year high of $42.03. The company has a market cap of $485.16, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.83 and a beta of 0.09.

First Mid-Illinois Bancshares (NASDAQ:FMBH) last released its quarterly earnings results on Thursday, October 26th. The bank reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The firm had revenue of $30.53 million for the quarter, compared to analysts’ expectations of $30.75 million. First Mid-Illinois Bancshares had a net margin of 22.67% and a return on equity of 9.75%. analysts forecast that First Mid-Illinois Bancshares will post 2.35 EPS for the current fiscal year.

The company also recently declared a semiannual dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, December 1st were issued a $0.34 dividend. The ex-dividend date was Thursday, November 30th. This represents a dividend yield of 1.63%. This is a boost from First Mid-Illinois Bancshares’s previous semiannual dividend of $0.32. First Mid-Illinois Bancshares’s dividend payout ratio is presently 29.44%.

Separately, Zacks Investment Research cut shares of First Mid-Illinois Bancshares from a “hold” rating to a “sell” rating in a report on Friday, November 3rd.

In other news, CEO Clay M. Dean sold 701 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $37.55, for a total value of $26,322.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 20.30% of the company’s stock.

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About First Mid-Illinois Bancshares

First Mid-Illinois Bancshares, Inc is a financial holding company. The Company is engaged in the business of banking through its subsidiaries, First Mid-Illinois Bank & Trust, N.A. (First Mid Bank) and First Clover Leaf Bank, N.A. (First Clover Leaf Bank). The Company provides data processing services to affiliates through another subsidiary, Mid-Illinois Data Services, Inc (MIDS).

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