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

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) will announce its earnings results on Wednesday, April 24th.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last released its quarterly 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 business had revenue of $79.23 million during the quarter, compared to analysts' expectations 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 traded up $0.51 during trading on Tuesday, hitting $31.64. 28,942 shares of the stock traded hands, compared to its average volume of 54,924. The company has a market capitalization of $755.88 million, a P/E ratio of 9.98 and a beta of 0.87. The firm has a 50-day simple moving average of $30.72 and a 200-day simple moving average of $31.06. 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 12-month low of $21.77 and a 12-month high of $35.83.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FMBH shares. Raymond James lifted their target price on First Mid Bancshares from $34.00 to $38.00 and gave the stock an "outperform" rating in a report on Monday, January 29th. Stephens dropped their target price on First Mid Bancshares from $40.00 to $38.00 and set an "overweight" rating for the company in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.