First Bancshares (FBMS) Stock Rating Reaffirmed by Stephens

First Bancshares (NASDAQ:FBMS)‘s stock had its “buy” rating restated by research analysts at Stephens in a research note issued to investors on Tuesday. They currently have a $37.00 price objective on the bank’s stock. Stephens’ price objective would indicate a potential upside of 12.56% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. BidaskClub upgraded shares of First Bancshares from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 3rd. Zacks Investment Research raised shares of First Bancshares from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Wednesday, October 31st. Finally, ValuEngine lowered shares of First Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th.

Shares of FBMS stock opened at $32.87 on Tuesday. First Bancshares has a one year low of $27.84 and a one year high of $43.53. The stock has a market cap of $482.96 million, a P/E ratio of 14.35 and a beta of 0.29. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.56.

First Bancshares (NASDAQ:FBMS) last announced its quarterly earnings data on Monday, January 28th. The bank reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. First Bancshares had a net margin of 17.61% and a return on equity of 11.11%. The company had revenue of $31.67 million for the quarter, compared to the consensus estimate of $29.83 million. On average, analysts forecast that First Bancshares will post 2.82 EPS for the current year.

In other news, CEO M Ray Cole, Jr. sold 5,436 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $35.36, for a total transaction of $192,216.96. Following the completion of the transaction, the chief executive officer now directly owns 70,267 shares of the company’s stock, valued at approximately $2,484,641.12. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 6.09% of the company’s stock.

Large investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in First Bancshares by 35.7% during the 2nd quarter. BlackRock Inc. now owns 608,148 shares of the bank’s stock valued at $21,863,000 after acquiring an additional 159,904 shares during the period. Renaissance Technologies LLC grew its stake in shares of First Bancshares by 97.2% in the 2nd quarter. Renaissance Technologies LLC now owns 111,600 shares of the bank’s stock valued at $4,012,000 after purchasing an additional 55,000 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of First Bancshares by 60.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 138,490 shares of the bank’s stock valued at $4,979,000 after purchasing an additional 52,040 shares during the last quarter. Smith Shellnut Wilson LLC ADV purchased a new position in shares of First Bancshares in the 3rd quarter valued at approximately $1,393,000. Finally, Northern Trust Corp boosted its stake in shares of First Bancshares by 25.1% in the second quarter. Northern Trust Corp now owns 135,887 shares of the bank’s stock valued at $4,885,000 after buying an additional 27,278 shares in the last quarter. Institutional investors own 58.79% of the company’s stock.

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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