First Mid Bancshares (FMBH) Set to Announce Earnings on Wednesday

First Mid Bancshares (NASDAQ:FMBH) is set to announce its earnings results on Wednesday, April 24th.

First Mid Bancshares (NASDAQ:FMBH) last posted its earnings results on Thursday, January 25th. The bank reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.11. First Mid Bancshares had a net margin of 17.82% and a return on equity of 10.71%. The business had revenue of $79.23 million for the quarter, compared to analyst estimates of $77.10 million. On average, analysts expect First Mid Bancshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Mid Bancshares Stock Performance

FMBH stock opened at $31.13 on Tuesday. The company’s 50-day simple moving average is $30.69 and its 200-day simple moving average is $31.03. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.36. First Mid Bancshares has a 52-week low of $21.77 and a 52-week high of $35.83. The firm has a market cap of $743.70 million, a P/E ratio of 9.82 and a beta of 0.87.

Wall Street Analysts Forecast Growth

FMBH has been the topic of a number of research reports. Raymond James raised their price target on shares of First Mid Bancshares from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Stephens decreased their price target on shares of First Mid Bancshares from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 30th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, First Mid Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $36.50.

About First Mid Bancshares

First Mid Bancshares, Inc, a financial holding company, 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, as well as construction and land development, 1-4 family residential properties, and multifamily residential properties loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.