The First Bancshares, Inc. (NASDAQ:FBMS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of The First Bancshares, Inc. (NASDAQ:FBMSGet Free Report) have been given an average rating of “Moderate Buy” by the four brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $31.00.

FBMS has been the subject of several recent analyst reports. TheStreet cut shares of First Bancshares from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. Hovde Group reduced their price target on shares of First Bancshares from $29.50 to $28.00 and set a “market perform” rating on the stock in a research report on Monday, May 6th. Finally, StockNews.com cut First Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th.

View Our Latest Stock Report on FBMS

First Bancshares Stock Performance

NASDAQ:FBMS opened at $24.92 on Friday. The stock has a 50 day simple moving average of $24.81 and a 200 day simple moving average of $25.88. The stock has a market cap of $778.00 million, a P/E ratio of 9.89 and a beta of 0.90. First Bancshares has a 1-year low of $22.96 and a 1-year high of $32.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.24.

First Bancshares (NASDAQ:FBMSGet Free Report) last released its quarterly earnings results on Monday, April 29th. The bank reported $0.65 EPS for the quarter, beating the consensus estimate of $0.60 by $0.05. First Bancshares had a net margin of 20.00% and a return on equity of 9.73%. The business had revenue of $104.34 million for the quarter, compared to the consensus estimate of $69.30 million. During the same period in the prior year, the company posted $0.86 earnings per share. Research analysts anticipate that First Bancshares will post 2.45 earnings per share for the current year.

First Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Tuesday, May 7th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date was Monday, May 6th. First Bancshares’s dividend payout ratio is presently 39.68%.

Hedge Funds Weigh In On First Bancshares

A number of hedge funds have recently bought and sold shares of the company. Boston Partners acquired a new stake in First Bancshares during the first quarter worth approximately $895,000. Algebris UK Ltd acquired a new stake in shares of First Bancshares during the 1st quarter worth approximately $3,492,000. Janus Henderson Group PLC increased its stake in shares of First Bancshares by 80.2% in the 1st quarter. Janus Henderson Group PLC now owns 17,555 shares of the bank’s stock valued at $455,000 after acquiring an additional 7,815 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of First Bancshares by 17.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,797 shares of the bank’s stock valued at $229,000 after acquiring an additional 1,332 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in shares of First Bancshares during the 1st quarter valued at $202,000. Institutional investors own 69.95% of the company’s stock.

About First Bancshares

(Get Free Report

The First Bancshares, Inc operates as the bank holding company for The First Bank 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 and health savings accounts.

Further Reading

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