Shares of First Bancshares Inc (NASDAQ:FBMS) have received an average broker rating score of 1.33 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company.
Analysts have set a one year consensus price target of $35.75 for the company and are anticipating that the company will post $0.48 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Bancshares an industry rank of 22 out of 265 based on the ratings given to its competitors.
A number of research firms have recently weighed in on FBMS. BidaskClub cut First Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. ValuEngine raised First Bancshares from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research cut First Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, December 29th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $39.00 price objective on shares of First Bancshares in a research report on Friday, December 22nd.
Institutional investors and hedge funds have recently modified their holdings of the stock. Nationwide Fund Advisors bought a new stake in First Bancshares during the 2nd quarter valued at approximately $128,000. Macquarie Group Ltd. bought a new stake in First Bancshares during the 3rd quarter valued at approximately $170,000. Rhumbline Advisers bought a new stake in First Bancshares in the 2nd quarter worth approximately $246,000. New York State Common Retirement Fund bought a new stake in First Bancshares in the 2nd quarter worth approximately $251,000. Finally, SG Americas Securities LLC bought a new stake in First Bancshares in the 3rd quarter worth approximately $370,000. 47.39% of the stock is currently owned by institutional investors.
First Bancshares (NASDAQ FBMS) traded down $0.10 during mid-day trading on Wednesday, hitting $33.10. The stock had a trading volume of 6,400 shares, compared to its average volume of 23,250. First Bancshares has a 12-month low of $26.05 and a 12-month high of $35.10. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. The stock has a market cap of $370.47, a PE ratio of 28.78 and a beta of -0.24.
ILLEGAL ACTIVITY WARNING: This piece of content was posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://www.com-unik.info/2018/01/10/zacks-first-bancshares-inc-fbms-receives-consensus-rating-of-strong-buy-from-analysts.html.
About 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about First Bancshares? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for First Bancshares and related companies.