BidaskClub upgraded shares of First Bancshares (NASDAQ:FBMS) from a sell rating to a hold rating in a research report released on Saturday morning.
Several other brokerages also recently issued reports on FBMS. ValuEngine raised shares of First Bancshares from a hold rating to a buy rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded shares of First Bancshares from a buy rating to a hold rating in a research note on Friday, December 29th. Keefe, Bruyette & Woods reissued a buy rating and set a $39.00 price objective on shares of First Bancshares in a research note on Friday, December 22nd. Finally, Stephens reissued a buy rating and set a $37.00 price objective on shares of First Bancshares in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $38.00.
First Bancshares (NASDAQ:FBMS) opened at $31.50 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. The stock has a market cap of $351.73, a P/E ratio of 28.13 and a beta of -0.40. First Bancshares has a one year low of $26.05 and a one year high of $35.10.
First Bancshares (NASDAQ:FBMS) last announced its quarterly earnings data on Friday, January 26th. The bank reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $18.78 million for the quarter, compared to the consensus estimate of $19.55 million. First Bancshares had a net margin of 13.20% and a return on equity of 10.36%. research analysts forecast that First Bancshares will post 2.3 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, February 5th will be given a dividend of $0.05 per share. This is a positive change from First Bancshares’s previous quarterly dividend of $0.04. The ex-dividend date is Friday, February 2nd. This represents a $0.20 annualized dividend and a yield of 0.63%. First Bancshares’s dividend payout ratio is 17.86%.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in First Bancshares by 22.1% during the fourth quarter. BlackRock Inc. now owns 448,434 shares of the bank’s stock worth $15,336,000 after purchasing an additional 81,244 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in First Bancshares by 34.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 418,086 shares of the bank’s stock worth $14,299,000 after purchasing an additional 107,029 shares during the last quarter. Castine Capital Management LLC increased its position in First Bancshares by 7.9% during the third quarter. Castine Capital Management LLC now owns 322,714 shares of the bank’s stock worth $9,730,000 after purchasing an additional 23,764 shares during the last quarter. Maltese Capital Management LLC increased its position in First Bancshares by 17.4% during the fourth quarter. Maltese Capital Management LLC now owns 318,444 shares of the bank’s stock worth $10,891,000 after purchasing an additional 47,119 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in First Bancshares by 15.1% during the second quarter. Vanguard Group Inc. now owns 245,310 shares of the bank’s stock worth $6,770,000 after purchasing an additional 32,117 shares during the last quarter. 51.69% of the stock is owned by hedge funds and other institutional investors.
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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.
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