First Bancshares Inc (FBMS) Given Average Rating of “Strong Buy” by Brokerages

Shares of First Bancshares Inc (NASDAQ:FBMS) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus price target of $39.50 for the company and are forecasting that the company will post $0.64 EPS for the current quarter, according to Zacks. Zacks has also given First Bancshares an industry rank of 150 out of 255 based on the ratings given to related companies.

FBMS has been the subject of several research reports. Zacks Investment Research lowered First Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. BidaskClub upgraded First Bancshares from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 27th. Stephens reiterated a “buy” rating and set a $37.00 price target on shares of First Bancshares in a report on Tuesday, February 5th. Finally, ValuEngine lowered First Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th.

Several institutional investors have recently made changes to their positions in FBMS. Great West Life Assurance Co. Can lifted its holdings in shares of First Bancshares by 16,750.0% during the 4th quarter. Great West Life Assurance Co. Can now owns 2,696 shares of the bank’s stock valued at $78,000 after buying an additional 2,680 shares during the last quarter. Legal & General Group Plc raised its stake in shares of First Bancshares by 40.5% in the 4th quarter. Legal & General Group Plc now owns 2,603 shares of the bank’s stock valued at $79,000 after acquiring an additional 750 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of First Bancshares by 284.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,623 shares of the bank’s stock valued at $110,000 after acquiring an additional 2,680 shares in the last quarter. Raymond James & Associates bought a new position in shares of First Bancshares in the 4th quarter valued at approximately $201,000. Finally, Bank of America Corp DE raised its stake in shares of First Bancshares by 30.4% in the 4th quarter. Bank of America Corp DE now owns 9,321 shares of the bank’s stock valued at $282,000 after acquiring an additional 2,175 shares in the last quarter. Institutional investors and hedge funds own 51.55% of the company’s stock.

Shares of First Bancshares stock traded up $0.27 during trading on Friday, hitting $30.73. 54,310 shares of the stock traded hands, compared to its average volume of 33,498. The firm has a market cap of $530.71 million, a price-to-earnings ratio of 13.42 and a beta of 0.30. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.90. First Bancshares has a twelve month low of $27.84 and a twelve month high of $43.53.

First Bancshares (NASDAQ:FBMS) last announced its quarterly earnings results on Monday, January 28th. The bank reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The business had revenue of $31.67 million during the quarter, compared to analyst estimates of $29.83 million. First Bancshares had a return on equity of 10.32% and a net margin of 17.61%. As a group, equities research analysts predict that First Bancshares will post 2.81 earnings per share for the current year.

First Bancshares Company Profile

The First Bancshares, Inc operates as the holding company for The First, A National Banking Association that provides general commercial and retail banking services. The company operates through three segments: Commercial/Retail Bank, Mortgage Banking Division, and Holding Company. It offers deposit services, including checking, NOW, and savings accounts; other time deposits, such as daily money market accounts and longer-term certificates of deposit; and individual retirement accounts.

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