First Bancshares (NASDAQ:FBMS) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of First Bancshares (NASDAQ:FBMSGet Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a “sell” rating on the bank’s stock.

FBMS has been the topic of a number of other research reports. Keefe, Bruyette & Woods raised First Bancshares from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $31.00 to $40.00 in a research report on Friday, August 2nd. Hovde Group upped their price target on shares of First Bancshares from $29.00 to $32.50 and gave the stock a “market perform” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, First Bancshares presently has an average rating of “Hold” and an average target price of $35.50.

View Our Latest Stock Report on First Bancshares

First Bancshares Trading Up 4.0 %

NASDAQ FBMS opened at $32.47 on Friday. The stock has a market cap of $1.01 billion, a PE ratio of 13.59 and a beta of 0.92. First Bancshares has a 12 month low of $22.96 and a 12 month high of $34.40. The company’s 50-day moving average price is $32.15 and its 200-day moving average price is $27.96. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.31.

First Bancshares (NASDAQ:FBMSGet Free Report) last issued its earnings results on Wednesday, July 24th. The bank reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. First Bancshares had a net margin of 18.71% and a return on equity of 8.82%. The business had revenue of $104.35 million for the quarter, compared to analyst estimates of $70.40 million. During the same period last year, the company posted $0.85 earnings per share. Equities research analysts forecast that First Bancshares will post 2.55 earnings per share for the current year.

Institutional Trading of First Bancshares

Institutional investors have recently modified their holdings of the company. Innealta Capital LLC purchased a new stake in First Bancshares during the second quarter valued at approximately $36,000. CWM LLC lifted its holdings in shares of First Bancshares by 3,387.8% during the 2nd quarter. CWM LLC now owns 1,709 shares of the bank’s stock valued at $44,000 after purchasing an additional 1,660 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of First Bancshares in the 2nd quarter worth $89,000. EntryPoint Capital LLC purchased a new position in First Bancshares during the 1st quarter worth $103,000. Finally, Quantbot Technologies LP increased its position in First Bancshares by 652.7% during the 1st quarter. Quantbot Technologies LP now owns 7,474 shares of the bank’s stock valued at $194,000 after buying an additional 6,481 shares in the last quarter. 69.95% of the stock is currently owned by institutional investors.

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.

See Also

Receive News & Ratings for First Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.