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

First Mid Bancshares (NASDAQ:FMBH) will post its quarterly earnings results on Wednesday, April 24th.

First Mid Bancshares (NASDAQ:FMBH) last released its earnings results on Thursday, January 25th. The bank reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.11. The company had revenue of $79.23 million for the quarter, compared to the consensus estimate of $77.10 million. First Mid Bancshares had a return on equity of 10.71% and a net margin of 17.82%. 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

NASDAQ FMBH opened at $31.13 on Tuesday. The company has a market capitalization of $743.70 million, a PE ratio of 9.82 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 0.91. The business’s fifty day moving average is $30.69 and its 200 day moving average is $31.03. First Mid Bancshares has a fifty-two week low of $21.77 and a fifty-two week high of $35.83.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FMBH. Stephens lowered their price objective on First Mid Bancshares from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 30th. Raymond James boosted their price objective on First Mid Bancshares from $34.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.50.

First Mid Bancshares Company Profile

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.