Shares of First Bancshares Inc (NASDAQ:FBMS) have been given a consensus broker rating score of 1.33 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company.
Brokerages have set a 1 year consensus price target of $39.50 for the company and are expecting that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also given First Bancshares an industry rank of 44 out of 265 based on the ratings given to its competitors.
FBMS has been the subject of a number of research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $39.00 price objective on shares of First Bancshares in a report on Friday, December 22nd. Zacks Investment Research upgraded First Bancshares from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Friday, January 12th. ValuEngine upgraded First Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub upgraded First Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, February 10th. Finally, Stephens reiterated a “buy” rating and issued a $37.00 target price on shares of First Bancshares in a research note on Tuesday, January 30th.
Several hedge funds and other institutional investors have recently modified their holdings of FBMS. Banc Funds Co. LLC raised its position in First Bancshares by 8.4% in the fourth quarter. Banc Funds Co. LLC now owns 746,364 shares of the bank’s stock worth $25,526,000 after acquiring an additional 57,521 shares in the last quarter. BlackRock Inc. raised its position in First Bancshares by 22.1% in the fourth quarter. BlackRock Inc. now owns 448,434 shares of the bank’s stock worth $15,336,000 after acquiring an additional 81,244 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in First Bancshares by 34.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 418,086 shares of the bank’s stock worth $14,299,000 after acquiring an additional 107,029 shares in the last quarter. Castine Capital Management LLC raised its position in First Bancshares by 7.9% in the third quarter. Castine Capital Management LLC now owns 322,714 shares of the bank’s stock worth $9,730,000 after acquiring an additional 23,764 shares in the last quarter. Finally, Maltese Capital Management LLC raised its position in First Bancshares by 17.4% in the fourth quarter. Maltese Capital Management LLC now owns 318,444 shares of the bank’s stock worth $10,891,000 after acquiring an additional 47,119 shares in the last quarter. Institutional investors and hedge funds own 59.02% of the company’s stock.
First Bancshares (FBMS) traded down $0.25 during trading on Friday, reaching $32.00. 38,370 shares of the company’s stock were exchanged, compared to its average volume of 20,941. The firm has a market capitalization of $355.08, a P/E ratio of 28.57 and a beta of -0.43. 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.
First Bancshares (NASDAQ:FBMS) last released its quarterly earnings data on Friday, January 26th. The bank reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The firm had revenue of $18.78 million during 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 predict that First Bancshares will post 2.28 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, February 5th will be paid a dividend of $0.05 per share. This is a boost from First Bancshares’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Friday, February 2nd. First Bancshares’s payout ratio is currently 17.86%.
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First Bancshares Company Profile
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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