First Bancshares Inc (NASDAQ:FBMS) has earned a consensus broker rating score of 1.33 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and two have given a strong buy recommendation to the company.
Brokerages have set a 1 year consensus target price of $38.50 for the company and are predicting that the company will post $0.45 EPS for the current quarter, according to Zacks. Zacks has also assigned First Bancshares an industry rank of 50 out of 255 based on the ratings given to its competitors.
Several brokerages have recently commented on FBMS. BidaskClub upgraded shares of First Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. Zacks Investment Research cut shares of First Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, June 6th.
First Bancshares traded up $0.45, hitting $35.90, during midday trading on Tuesday, Marketbeat.com reports. The company’s stock had a trading volume of 296,559 shares, compared to its average volume of 32,571. First Bancshares has a 1-year low of $26.05 and a 1-year high of $36.20. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $437.43 million, a price-to-earnings ratio of 19.06 and a beta of -0.38.
First Bancshares (NASDAQ:FBMS) last issued its earnings results on Tuesday, April 24th. The bank reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). The firm had revenue of $19.84 million during the quarter, compared to analyst estimates of $19.96 million. First Bancshares had a net margin of 16.11% and a return on equity of 9.28%. sell-side analysts anticipate that First Bancshares will post 2.15 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of FBMS. SG Americas Securities LLC bought a new stake in shares of First Bancshares during the 1st quarter valued at approximately $101,000. Barclays PLC grew its holdings in shares of First Bancshares by 91.2% during the 1st quarter. Barclays PLC now owns 3,421 shares of the bank’s stock valued at $111,000 after purchasing an additional 1,632 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of First Bancshares during the 4th quarter valued at approximately $152,000. Martingale Asset Management L P bought a new stake in shares of First Bancshares during the 4th quarter valued at approximately $254,000. Finally, Millennium Management LLC bought a new stake in shares of First Bancshares during the 1st quarter valued at approximately $430,000. Institutional investors own 62.51% of the company’s stock.
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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