Zacks: First Bancshares Inc (FBMS) Receives Consensus Rating of “Strong Buy” from Analysts

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.

In other First Bancshares news, Director J Douglas Seidenburg bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were bought at an average price of $29.00 per share, with a total value of $87,000.00. Following the purchase, the director now owns 100,740 shares of the company’s stock, valued at $2,921,460. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased a total of 4,250 shares of company stock worth $123,250 in the last three months. 8.08% of the stock is owned by corporate insiders.

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.

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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.

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