First Bancshares Inc (NASDAQ:FBMS) – FIG Partners upped their FY2018 earnings estimates for First Bancshares in a research report issued on Monday, October 29th. FIG Partners analyst C. Marinac now forecasts that the bank will post earnings of $2.31 per share for the year, up from their prior forecast of $2.30. FIG Partners also issued estimates for First Bancshares’ Q3 2019 earnings at $0.74 EPS, Q4 2019 earnings at $0.75 EPS, Q1 2020 earnings at $0.74 EPS, Q2 2020 earnings at $0.74 EPS, Q3 2020 earnings at $0.77 EPS and FY2020 earnings at $3.02 EPS.
A number of other research analysts have also recently issued reports on the company. BidaskClub cut First Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Zacks Investment Research upgraded First Bancshares from a “hold” rating to a “strong-buy” rating and set a $44.00 price target for the company in a research note on Monday, August 6th. ValuEngine cut First Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Finally, Stephens restated a “buy” rating and issued a $44.00 price target on shares of First Bancshares in a research note on Wednesday, October 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $40.67.
Shares of NASDAQ:FBMS opened at $36.50 on Wednesday. The firm has a market cap of $457.70 million, a price-to-earnings ratio of 20.74 and a beta of -0.19. First Bancshares has a 12-month low of $29.75 and a 12-month high of $43.53. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.87 and a quick ratio of 0.87.
First Bancshares (NASDAQ:FBMS) last announced its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01. The business had revenue of $26.74 million during the quarter, compared to analysts’ expectations of $26.48 million. First Bancshares had a return on equity of 10.34% and a net margin of 16.09%.
Several hedge funds have recently bought and sold shares of the company. Barclays PLC raised its stake in shares of First Bancshares by 91.2% in the first quarter. Barclays PLC now owns 3,421 shares of the bank’s stock worth $111,000 after purchasing an additional 1,632 shares during the last quarter. MetLife Investment Advisors LLC raised its stake in shares of First Bancshares by 37.0% in the second quarter. MetLife Investment Advisors LLC now owns 6,100 shares of the bank’s stock worth $219,000 after purchasing an additional 1,646 shares during the last quarter. Monarch Partners Asset Management LLC raised its stake in shares of First Bancshares by 10.5% in the third quarter. Monarch Partners Asset Management LLC now owns 23,695 shares of the bank’s stock worth $925,000 after purchasing an additional 2,245 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of First Bancshares by 14.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 21,971 shares of the bank’s stock worth $709,000 after purchasing an additional 2,700 shares during the last quarter. Finally, IFP Advisors Inc purchased a new position in shares of First Bancshares in the third quarter worth $114,000. Hedge funds and other institutional investors own 66.95% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Wednesday, November 7th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Tuesday, November 6th. First Bancshares’s dividend payout ratio is currently 11.36%.
First Bancshares Company Profile
The First Bancshares, Inc operates as the 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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