Shares of First Bancshares Inc (NASDAQ:FBMS) have earned a consensus broker rating score of 1.67 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and two have given a strong buy rating to the company. First Bancshares’ rating score has improved by 16.5% from 90 days ago as a result of various analysts’ ratings changes.
Brokerages have set a 1 year consensus price objective of $37.92 for the company and are expecting that the company will post $0.74 earnings per share for the current quarter, according to Zacks. Zacks has also given First Bancshares an industry rank of 146 out of 255 based on the ratings given to its competitors.
FBMS has been the topic of several research reports. DA Davidson initiated coverage on First Bancshares in a research report on Wednesday, October 9th. They issued a “buy” rating and a $36.00 target price on the stock. Zacks Investment Research lowered First Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. BidaskClub lowered First Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, October 8th. Finally, ValuEngine raised First Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.
In related news, Chairman E Ricky Gibson sold 6,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $33.00, for a total value of $198,000.00. Following the transaction, the chairman now directly owns 96,918 shares of the company’s stock, valued at approximately $3,198,294. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.27% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Metropolitan Life Insurance Co NY increased its holdings in First Bancshares by 57.2% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 5,695 shares of the bank’s stock valued at $184,000 after purchasing an additional 2,072 shares in the last quarter. Millennium Management LLC increased its holdings in First Bancshares by 649.5% in the 3rd quarter. Millennium Management LLC now owns 148,011 shares of the bank’s stock valued at $4,780,000 after purchasing an additional 128,262 shares in the last quarter. Squarepoint Ops LLC increased its holdings in First Bancshares by 41.4% in the 3rd quarter. Squarepoint Ops LLC now owns 9,330 shares of the bank’s stock valued at $301,000 after purchasing an additional 2,730 shares in the last quarter. California State Teachers Retirement System increased its holdings in First Bancshares by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 25,841 shares of the bank’s stock valued at $835,000 after purchasing an additional 309 shares in the last quarter. Finally, State Street Corp increased its holdings in First Bancshares by 10.9% in the 3rd quarter. State Street Corp now owns 346,831 shares of the bank’s stock valued at $11,203,000 after purchasing an additional 34,101 shares in the last quarter. Hedge funds and other institutional investors own 58.22% of the company’s stock.
Shares of First Bancshares stock traded up $0.07 during trading hours on Tuesday, reaching $33.45. 21,007 shares of the company’s stock were exchanged, compared to its average volume of 45,971. First Bancshares has a 52-week low of $27.84 and a 52-week high of $34.28. The firm has a market capitalization of $629.13 million, a price-to-earnings ratio of 14.61 and a beta of 0.34. The company has a fifty day moving average of $33.20 and a 200-day moving average of $31.76. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.45.
First Bancshares (NASDAQ:FBMS) last issued its earnings results on Monday, October 21st. The bank reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. The business had revenue of $37.56 million for the quarter, compared to analyst estimates of $37.32 million. First Bancshares had a return on equity of 10.03% and a net margin of 23.57%. On average, equities research analysts anticipate that First Bancshares will post 2.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Thursday, November 7th. First Bancshares’s dividend payout ratio (DPR) is currently 13.97%.
First Bancshares Company Profile
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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