First Bancshares (FBMS) Downgraded by ValuEngine

ValuEngine lowered shares of First Bancshares (NASDAQ:FBMS) from a buy rating to a hold rating in a research report released on Wednesday.

Other analysts also recently issued reports about the company. Stephens restated a buy rating and set a $44.00 price objective on shares of First Bancshares in a research report on Wednesday. BidaskClub upgraded First Bancshares from a hold rating to a buy rating in a research report on Tuesday, August 21st. Finally, Zacks Investment Research upgraded First Bancshares from a sell rating to a hold rating in a research report on Wednesday, July 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. First Bancshares presently has a consensus rating of Buy and an average target price of $42.33.

Shares of FBMS stock traded up $0.18 on Wednesday, hitting $34.42. 25,554 shares of the company’s stock were exchanged, compared to its average volume of 30,939. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.30. First Bancshares has a 12 month low of $29.75 and a 12 month high of $43.53. The company has a market cap of $449.73 million, a P/E ratio of 16.01 and a beta of -0.19.



First Bancshares (NASDAQ:FBMS) last announced its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. First Bancshares had a return on equity of 10.34% and a net margin of 16.09%. The business had revenue of $26.74 million during the quarter, compared to the consensus estimate of $26.48 million. As a group, equities research analysts anticipate that First Bancshares will post 2.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Wednesday, November 7th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $0.20 annualized dividend and a yield of 0.58%. First Bancshares’s dividend payout ratio is presently 11.36%.

A number of institutional investors have recently bought and sold shares of the business. Barclays PLC raised its position in First Bancshares by 91.2% in the first quarter. Barclays PLC now owns 3,421 shares of the bank’s stock valued at $111,000 after purchasing an additional 1,632 shares during the last quarter. MetLife Investment Advisors LLC raised its position in First Bancshares by 37.0% in the second quarter. MetLife Investment Advisors LLC now owns 6,100 shares of the bank’s stock valued at $219,000 after purchasing an additional 1,646 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in First Bancshares by 14.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 21,971 shares of the bank’s stock valued at $709,000 after purchasing an additional 2,700 shares during the last quarter. IFP Advisors Inc bought a new position in First Bancshares in the third quarter valued at about $114,000. Finally, Rhumbline Advisers raised its position in First Bancshares by 33.9% in the second quarter. Rhumbline Advisers now owns 11,862 shares of the bank’s stock valued at $426,000 after purchasing an additional 3,005 shares during the last quarter. Hedge funds and other institutional investors own 66.95% of the company’s stock.

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.

See Also: Liquidity

To view ValuEngine’s full report, visit ValuEngine’s official website.

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