First Bancshares (NASDAQ:FBMS) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Sunday, December 31st.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of First Bancshares from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $39.00 price objective on shares of First Bancshares in a research report on Friday, December 22nd.
First Bancshares (NASDAQ:FBMS) opened at $33.50 on Friday. The stock has a market cap of $374.95, a PE ratio of 29.13 and a beta of -0.24. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. First Bancshares has a 1 year low of $26.05 and a 1 year high of $35.10.
In other First Bancshares news, Director J Douglas Seidenburg bought 3,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were bought at an average price of $29.00 per share, for a total transaction of $87,000.00. Following the acquisition, the director now directly owns 100,740 shares of the company’s stock, valued at approximately $2,921,460. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought a total of 4,250 shares of company stock worth $123,250 in the last three months. Insiders own 8.08% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Nationwide Fund Advisors acquired a new stake in shares of First Bancshares in the 2nd quarter worth about $128,000. Macquarie Group Ltd. acquired a new stake in shares of First Bancshares in the 3rd quarter worth about $170,000. Rhumbline Advisers acquired a new stake in shares of First Bancshares in the 2nd quarter worth about $246,000. New York State Common Retirement Fund purchased a new stake in First Bancshares in the 2nd quarter valued at about $251,000. Finally, SG Americas Securities LLC purchased a new stake in First Bancshares in the 3rd quarter valued at about $370,000. Institutional investors own 47.39% of the company’s stock.
WARNING: This report was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2018/01/11/first-bancshares-fbms-upgraded-at-valuengine.html.
About First Bancshares
The First Bancshares, Inc is a bank holding company for The First, A National Banking Association (the Bank). The Company and the Bank engage in a general commercial and retail banking business for small to medium-sized businesses, professional concerns and individuals. The Bank provides a range of banking services in its primary market area of South Mississippi, South Alabama and Louisiana.
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.