First Bancshares (NASDAQ:FBMS) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of First Bancshares (NASDAQ:FBMS) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning, ValuEngine reports.

Several other research firms also recently weighed in on FBMS. Zacks Investment Research downgraded First Bancshares from a buy rating to a hold rating in a report on Friday, August 16th. Stephens downgraded First Bancshares from an overweight rating to an equal weight rating and set a $34.00 price objective for the company. in a report on Tuesday, July 9th. Finally, BidaskClub raised First Bancshares from a sell rating to a hold rating in a report on Friday, July 26th.

FBMS traded down $0.07 on Wednesday, reaching $31.44. The company’s stock had a trading volume of 28,734 shares, compared to its average volume of 84,569. The stock has a 50 day moving average of $32.16 and a two-hundred day moving average of $31.12. 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 company has a market capitalization of $540.03 million, a price-to-earnings ratio of 13.73 and a beta of 0.34. First Bancshares has a fifty-two week low of $27.84 and a fifty-two week high of $39.69.

First Bancshares (NASDAQ:FBMS) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. The firm had revenue of $37.49 million during the quarter, compared to the consensus estimate of $35.50 million. First Bancshares had a return on equity of 10.06% and a net margin of 20.99%. As a group, analysts anticipate that First Bancshares will post 2.79 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its position in First Bancshares by 6.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,358,252 shares of the bank’s stock worth $41,209,000 after acquiring an additional 80,962 shares in the last quarter. BlackRock Inc. increased its position in shares of First Bancshares by 38.9% in the second quarter. BlackRock Inc. now owns 928,987 shares of the bank’s stock valued at $28,186,000 after buying an additional 259,971 shares in the last quarter. Vanguard Group Inc. increased its position in shares of First Bancshares by 3.6% in the second quarter. Vanguard Group Inc. now owns 649,671 shares of the bank’s stock valued at $19,711,000 after buying an additional 22,442 shares in the last quarter. Jacobs Asset Management LLC increased its position in shares of First Bancshares by 7.0% in the second quarter. Jacobs Asset Management LLC now owns 610,029 shares of the bank’s stock valued at $18,508,000 after buying an additional 39,999 shares in the last quarter. Finally, Mendon Capital Advisors Corp increased its position in shares of First Bancshares by 5.7% in the second quarter. Mendon Capital Advisors Corp now owns 546,291 shares of the bank’s stock valued at $16,575,000 after buying an additional 29,426 shares in the last quarter. Hedge funds and other institutional investors own 59.49% of the company’s stock.

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.

Featured Story: High-Yield Dividend Stocks

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

Receive News & Ratings for First Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.