Shares of First Bancshares Inc (NASDAQ:FBMS) have received an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. First Bancshares’ rating score has declined by 100% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus price target of $37.13 for the company and are anticipating that the company will post $0.75 earnings per share for the current quarter, according to Zacks. Zacks has also given First Bancshares an industry rank of 164 out of 256 based on the ratings given to its competitors.
Several equities research analysts have recently weighed in on the company. ValuEngine cut First Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, June 19th. BidaskClub raised First Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Stephens cut First Bancshares from an “overweight” rating to an “equal weight” rating and set a $34.00 price target for the company. in a research note on Tuesday, July 9th. Finally, Zacks Investment Research raised First Bancshares from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Monday.
Shares of FBMS stock traded down $0.08 on Friday, hitting $31.80. The company had a trading volume of 201 shares, compared to its average volume of 49,131. The stock has a market cap of $562.40 million, a price-to-earnings ratio of 13.83 and a beta of 0.32. The company’s 50-day moving average price is $30.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.89. First Bancshares has a twelve month low of $27.84 and a twelve month high of $43.53.
First Bancshares (NASDAQ:FBMS) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. The company had revenue of $37.49 million during the quarter, compared to analysts’ expectations of $35.50 million. First Bancshares had a return on equity of 10.73% and a net margin of 20.99%. As a group, analysts expect that First Bancshares will post 2.83 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.32 annualized dividend and a dividend yield of 1.01%. First Bancshares’s payout ratio is 13.97%.
Institutional investors have recently made changes to their positions in the stock. Trustcore Financial Services LLC bought a new stake in shares of First Bancshares during the 1st quarter valued at about $53,000. BNP Paribas Arbitrage SA boosted its position in shares of First Bancshares by 508.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,590 shares of the bank’s stock valued at $80,000 after purchasing an additional 2,164 shares in the last quarter. Legal & General Group Plc boosted its position in shares of First Bancshares by 40.5% during the 4th quarter. Legal & General Group Plc now owns 2,603 shares of the bank’s stock valued at $79,000 after purchasing an additional 750 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of First Bancshares by 16,750.0% during the 4th quarter. Great West Life Assurance Co. Can now owns 2,696 shares of the bank’s stock valued at $78,000 after purchasing an additional 2,680 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in First Bancshares by 284.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,623 shares of the bank’s stock worth $110,000 after acquiring an additional 2,680 shares in the last quarter. Institutional investors own 56.57% 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.
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