BidaskClub Lowers First Bancshares, Inc. (The) (MS) (FBMS) to Hold

BidaskClub cut shares of First Bancshares, Inc. (The) (MS) (NASDAQ:FBMS) from a buy rating to a hold rating in a research note issued to investors on Monday.

A number of other analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of First Bancshares, Inc. (The) (MS) from a sell rating to a hold rating in a research note on Wednesday, May 2nd. ValuEngine upgraded shares of First Bancshares, Inc. (The) (MS) from a hold rating to a buy rating in a research note on Friday, February 2nd. Finally, Stephens reiterated a buy rating and issued a $37.00 price objective on shares of First Bancshares, Inc. (The) (MS) in a research note on Tuesday, January 30th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $38.00.

First Bancshares, Inc. (The) (MS) opened at $33.80 on Monday, according to MarketBeat. The company has a quick ratio of 0.89, a current ratio of 0.84 and a debt-to-equity ratio of 0.15. The stock has a market cap of $415.84 million, a PE ratio of 18.12 and a beta of -0.38. First Bancshares, Inc. has a 52-week low of $33.60 and a 52-week high of $33.95.

First Bancshares, Inc. (The) (MS) (NASDAQ:FBMS) last posted its earnings results on Tuesday, April 24th. The bank reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The company had revenue of $19.84 million for the quarter, compared to analyst estimates of $19.96 million. First Bancshares, Inc. (The) (MS) had a return on equity of 9.28% and a net margin of 16.11%. equities research analysts expect that First Bancshares, Inc. will post 2.21 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, May 7th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Friday, May 4th. First Bancshares, Inc. (The) (MS)’s dividend payout ratio (DPR) is 11.36%.

A number of institutional investors have recently modified their holdings of FBMS. Wells Fargo & Company MN raised its stake in First Bancshares, Inc. (The) (MS) by 5,262.6% in the 3rd quarter. Wells Fargo & Company MN now owns 12,602 shares of the bank’s stock worth $380,000 after purchasing an additional 12,367 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in First Bancshares, Inc. (The) (MS) by 48.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 49,205 shares of the bank’s stock worth $1,484,000 after purchasing an additional 15,997 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in First Bancshares, Inc. (The) (MS) by 35.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 19,271 shares of the bank’s stock worth $660,000 after purchasing an additional 5,071 shares in the last quarter. Northpointe Capital LLC acquired a new stake in First Bancshares, Inc. (The) (MS) in the 4th quarter worth about $5,035,000. Finally, Bessemer Group Inc. acquired a new stake in First Bancshares, Inc. (The) (MS) in the 4th quarter worth about $164,000. Institutional investors and hedge funds own 60.94% of the company’s stock.

First Bancshares, Inc. (The) (MS) 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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