First Mid Bancshares (FMBH) to Release Quarterly Earnings on Wednesday

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

First Mid Bancshares (NASDAQ:FMBH) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate 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 Price Performance

Shares of First Mid Bancshares stock opened at $31.13 on Tuesday. The business has a fifty day simple moving average of $30.69 and a 200 day simple moving average of $31.03. The stock has a market cap of $743.70 million, a PE ratio of 9.82 and a beta of 0.87. First Mid Bancshares has a 12 month low of $21.77 and a 12 month high of $35.83. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.36.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FMBH shares. Stephens reduced their target price on First Mid Bancshares from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Tuesday, January 30th. Raymond James raised their target price on shares of First Mid Bancshares from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.