First Mid Bancshares (FMBH) Projected to Post Earnings on Wednesday

First Mid Bancshares (NASDAQ:FMBH) will likely be posting its quarterly earnings results after the market closes on Wednesday, April 30th. Analysts expect First Mid Bancshares to post earnings of $0.94 per share and revenue of $58.29 million for the quarter.

First Mid Bancshares (NASDAQ:FMBH) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. First Mid Bancshares had a net margin of 17.39% and a return on equity of 10.10%. On average, analysts expect First Mid Bancshares to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

First Mid Bancshares Stock Performance

Shares of First Mid Bancshares stock opened at $33.29 on Wednesday. The business has a 50-day simple moving average of $35.01 and a 200 day simple moving average of $37.62. First Mid Bancshares has a one year low of $27.58 and a one year high of $43.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $798.36 million, a price-to-earnings ratio of 10.12 and a beta of 0.85.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FMBH. Stephens reaffirmed an “equal weight” rating and set a $43.00 target price on shares of First Mid Bancshares in a research report on Friday, January 24th. Hovde Group dropped their price objective on shares of First Mid Bancshares from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $45.00.

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.