First Bancshares (NASDAQ:FBMS)‘s stock had its “buy” rating restated by investment analysts at Stephens in a research report issued on Tuesday, February 5th. They presently have a $37.00 target price on the bank’s stock. Stephens’ target price would suggest a potential upside of 12.46% from the company’s current price.
Several other equities analysts have also weighed in on the stock. BidaskClub lowered shares of First Bancshares from a “sell” rating to a “strong sell” rating in a report on Saturday, December 8th. ValuEngine cut First Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Finally, Zacks Investment Research cut shares of First Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, November 16th.
Shares of FBMS traded up $0.14 during mid-day trading on Tuesday, reaching $32.90. The company had a trading volume of 51,375 shares, compared to its average volume of 18,959. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.56. First Bancshares has a 52 week low of $27.84 and a 52 week high of $43.53. The stock has a market cap of $484.76 million, a P/E ratio of 14.37 and a beta of 0.29.
First Bancshares (NASDAQ:FBMS) last announced its earnings results on Monday, January 28th. The bank reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $31.67 million during the quarter, compared to analysts’ expectations of $29.83 million. First Bancshares had a return on equity of 11.11% and a net margin of 17.61%. On average, equities analysts anticipate that First Bancshares will post 2.82 EPS for the current year.
A number of large investors have recently bought and sold shares of FBMS. Legal & General Group Plc increased its position in shares of First Bancshares by 40.5% during the fourth quarter. Legal & General Group Plc now owns 2,603 shares of the bank’s stock worth $79,000 after acquiring an additional 750 shares during the period. Stieven Capital Advisors L.P. boosted its stake in First Bancshares by 0.3% in the 3rd quarter. Stieven Capital Advisors L.P. now owns 580,233 shares of the bank’s stock valued at $22,658,000 after purchasing an additional 1,600 shares during the period. Bank of America Corp DE boosted its stake in First Bancshares by 30.4% in the 4th quarter. Bank of America Corp DE now owns 9,321 shares of the bank’s stock valued at $282,000 after purchasing an additional 2,175 shares during the period. Monarch Partners Asset Management LLC boosted its stake in First Bancshares by 10.5% in the 3rd quarter. Monarch Partners Asset Management LLC now owns 23,695 shares of the bank’s stock valued at $925,000 after purchasing an additional 2,245 shares during the period. Finally, Northern Trust Corp boosted its stake in First Bancshares by 1.9% in the 4th quarter. Northern Trust Corp now owns 144,581 shares of the bank’s stock valued at $4,373,000 after purchasing an additional 2,636 shares during the period. Hedge funds and other institutional investors own 58.54% of the company’s stock.
About First Bancshares
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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