First Bancshares Inc (FBMS) Given $38.50 Average Target Price by Analysts

First Bancshares Inc (NASDAQ:FBMS) has been assigned a consensus broker rating score of 1.33 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company.

Brokers have set a 12-month consensus price objective of $38.50 for the company and are expecting that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also assigned First Bancshares an industry rank of 122 out of 265 based on the ratings given to its competitors.

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Several research analysts have commented on FBMS shares. Zacks Investment Research cut shares of First Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $39.00 price target on shares of First Bancshares in a report on Friday, December 22nd. ValuEngine upgraded shares of First Bancshares from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub upgraded shares of First Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, February 10th. Finally, Stephens reiterated a “buy” rating and set a $37.00 price target on shares of First Bancshares in a report on Tuesday, January 30th.

FBMS stock remained flat at $$31.75 during trading on Thursday. 9,232 shares of the company’s stock were exchanged, compared to its average volume of 25,196. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. First Bancshares has a one year low of $26.05 and a one year high of $35.10. The stock has a market capitalization of $386.84, a P/E ratio of 17.84 and a beta of -0.38.

First Bancshares (NASDAQ:FBMS) last issued its earnings results on Friday, January 26th. The bank reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $18.78 million for the quarter, compared to the consensus estimate of $19.55 million. First Bancshares had a net margin of 13.20% and a return on equity of 9.49%. analysts anticipate that First Bancshares will post 2.21 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. State Street Corp purchased a new position in First Bancshares during the 2nd quarter worth $2,633,000. Bank of New York Mellon Corp raised its position in First Bancshares by 11.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 28,796 shares of the bank’s stock worth $868,000 after buying an additional 2,936 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of First Bancshares in the 3rd quarter valued at about $370,000. Macquarie Group Ltd. purchased a new position in shares of First Bancshares in the 3rd quarter valued at about $170,000. Finally, Wells Fargo & Company MN increased its holdings in shares of First Bancshares by 5,262.6% in the 3rd quarter. Wells Fargo & Company MN now owns 12,602 shares of the bank’s stock valued at $380,000 after purchasing an additional 12,367 shares in the last quarter. Institutional investors and hedge funds own 61.01% of the company’s stock.

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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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