The First Bancshares, Inc. (NASDAQ:FBMS) has been given a consensus broker rating score of 1.33 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating and two have issued a strong buy rating on the company.
Brokerages have set a 12 month consensus price objective of $33.83 for the company and are forecasting that the company will post $0.48 earnings per share for the current quarter, according to Zacks. Zacks has also given The First Bancshares an industry rank of 219 out of 265 based on the ratings given to related companies.
Several brokerages have commented on FBMS. Zacks Investment Research raised shares of The First Bancshares from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Tuesday, October 31st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $32.00 price target on shares of The First Bancshares in a report on Tuesday, October 3rd.
The First Bancshares (FBMS) opened at $31.00 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.43. The First Bancshares has a fifty-two week low of $21.60 and a fifty-two week high of $32.12. The company has a market cap of $346.15, a price-to-earnings ratio of 19.14 and a beta of -0.29.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, November 3rd will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Thursday, November 2nd. The First Bancshares’s dividend payout ratio is currently 13.04%.
In related news, Director J Douglas Seidenburg acquired 3,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was bought at an average cost of $29.00 per share, with a total value of $87,000.00. Following the acquisition, the director now owns 100,740 shares of the company’s stock, valued at approximately $2,921,460. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought a total of 4,250 shares of company stock valued at $123,250 over the last ninety days. 11.76% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of FBMS. Vanguard Group Inc. lifted its holdings in shares of The First Bancshares by 145.8% during the 1st quarter. Vanguard Group Inc. now owns 213,193 shares of the bank’s stock worth $6,076,000 after acquiring an additional 126,470 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of The First Bancshares by 46.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 308,592 shares of the bank’s stock worth $8,517,000 after acquiring an additional 98,592 shares during the last quarter. State Street Corp bought a new stake in shares of The First Bancshares during the 2nd quarter worth $2,633,000. Northern Trust Corp bought a new stake in shares of The First Bancshares during the 2nd quarter worth $2,153,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of The First Bancshares during the 1st quarter worth $1,060,000. 57.88% of the stock is owned by institutional investors.
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About The First Bancshares
The First Bancshares, Inc is a bank holding company for The First, A National Banking Association (the Bank). The Company and the Bank engage in a general commercial and retail banking business for small to medium-sized businesses, professional concerns and individuals. The Bank provides a range of banking services in its primary market area of South Mississippi, South Alabama and Louisiana.
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