First Bancshares (NASDAQ:FBMS) Rating Lowered to Equal Weight at Stephens

Stephens lowered shares of First Bancshares (NASDAQ:FBMS) from an overweight rating to an equal weight rating in a research report sent to investors on Tuesday, AnalystRatings.com reports. They currently have $34.00 price target on the bank’s stock.

FBMS has been the subject of a number of other research reports. Zacks Investment Research lowered CGI from a buy rating to a hold rating in a research report on Wednesday, June 19th. ValuEngine raised WPP from a sell rating to a hold rating in a research report on Wednesday, June 19th. Finally, BidaskClub raised Winmark from a sell rating to a hold rating in a research report on Tuesday, May 14th.

NASDAQ FBMS opened at $30.27 on Tuesday. First Bancshares has a 1-year low of $27.84 and a 1-year high of $43.53. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a 50-day moving average of $30.15. The company has a market cap of $515.59 million, a price-to-earnings ratio of 11.89 and a beta of 0.31.

First Bancshares (NASDAQ:FBMS) last released its earnings results on Monday, April 22nd. The bank reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). First Bancshares had a net margin of 18.16% and a return on equity of 10.24%. The company had revenue of $32.69 million during the quarter, compared to the consensus estimate of $32.58 million. On average, sell-side analysts anticipate that First Bancshares will post 2.83 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FBMS. Trustcore Financial Services LLC bought a new position in First Bancshares during the 1st quarter valued at approximately $53,000. Great West Life Assurance Co. Can raised its position in 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 purchasing an additional 2,680 shares during the last quarter. Legal & General Group Plc raised its position in First Bancshares by 40.5% during the 4th quarter. Legal & General Group Plc now owns 2,603 shares of the bank’s stock valued at $79,000 after purchasing an additional 750 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in First Bancshares by 508.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,590 shares of the bank’s stock valued at $80,000 after purchasing an additional 2,164 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in First Bancshares by 284.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,623 shares of the bank’s stock valued at $110,000 after purchasing an additional 2,680 shares during the last quarter. 56.42% of the stock is owned by institutional investors and hedge funds.

About First Bancshares

The First Bancshares, Inc operates as the bank 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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