First Bancshares Inc (NASDAQ:FBMS) Given $38.63 Average Target Price by Brokerages

First Bancshares Inc (NASDAQ:FBMS) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. First Bancshares’ rating score has declined by 100% from three months ago as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a 12 month consensus target price of $38.63 for the company and are forecasting that the company will post $0.75 EPS for the current quarter, according to Zacks. Zacks has also assigned First Bancshares an industry rank of 167 out of 256 based on the ratings given to related companies.

Several research analysts have recently commented on FBMS shares. BidaskClub raised shares of First Bancshares from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Zacks Investment Research lowered shares of First Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. ValuEngine downgraded shares of First Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. Finally, Stephens downgraded shares of First Bancshares from an “overweight” rating to an “equal weight” rating and set a $34.00 target price on the stock. in a report on Tuesday, July 9th.



Institutional investors have recently modified their holdings of the company. Bank of Montreal Can acquired a new position in shares of First Bancshares in the 2nd quarter valued at $42,000. BNP Paribas Arbitrage SA grew its holdings in shares of First Bancshares by 508.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,590 shares of the bank’s stock worth $80,000 after purchasing an additional 2,164 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of First Bancshares by 141.4% in the 2nd quarter. Bessemer Group Inc. now owns 7,000 shares of the bank’s stock worth $212,000 after purchasing an additional 4,100 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of First Bancshares in the 2nd quarter worth about $218,000. Finally, Marshall Wace LLP bought a new stake in shares of First Bancshares in the 2nd quarter worth about $257,000. Institutional investors and hedge funds own 59.49% of the company’s stock.

Shares of FBMS stock traded up $0.54 during mid-day trading on Wednesday, reaching $33.58. The company’s stock had a trading volume of 167,469 shares, compared to its average volume of 43,226. The company’s 50 day simple moving average is $32.10 and its 200-day simple moving average is $31.05. First Bancshares has a 12-month low of $27.84 and a 12-month high of $40.15. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $567.79 million, a PE ratio of 14.66 and a beta of 0.35.

First Bancshares (NASDAQ:FBMS) last released its quarterly earnings results on Monday, July 22nd. The bank reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.02. The firm had revenue of $37.49 million for the quarter, compared to the consensus estimate of $35.50 million. First Bancshares had a net margin of 20.99% and a return on equity of 10.06%. As a group, research analysts anticipate that First Bancshares will post 2.82 EPS for the current fiscal year.

First Bancshares Company Profile

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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