Zacks: First Bancshares Inc (NASDAQ:FBMS) Given Consensus Recommendation of “Buy” by Analysts

First Bancshares Inc (NASDAQ:FBMS) has received an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. First Bancshares’ rating score has declined by 100% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Brokers have set a one year consensus target price of $37.13 for the company and are predicting that the company will post $0.68 EPS for the current quarter, according to Zacks. Zacks has also given First Bancshares an industry rank of 197 out of 256 based on the ratings given to related companies.

A number of brokerages have recently issued reports on FBMS. ValuEngine raised shares of WPP from a “sell” rating to a “hold” rating in a research note on Wednesday, June 19th. Stephens assumed coverage on shares of LiqTech International in a report on Tuesday, July 9th. They issued an “overweight” rating and a $13.00 target price for the company. Zacks Investment Research downgraded shares of CGI from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th. Finally, BidaskClub upgraded Winmark from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Trustcore Financial Services LLC acquired a new position in First Bancshares in the 1st quarter valued at $53,000. BNP Paribas Arbitrage SA grew its holdings in shares of First Bancshares by 508.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,590 shares of the bank’s stock worth $80,000 after purchasing an additional 2,164 shares during the period. Legal & General Group Plc grew its holdings in shares of First Bancshares by 40.5% during the 4th quarter. Legal & General Group Plc now owns 2,603 shares of the bank’s stock worth $79,000 after purchasing an additional 750 shares during the period. Great West Life Assurance Co. Can grew its holdings in shares of First Bancshares by 16,750.0% during the 4th quarter. Great West Life Assurance Co. Can now owns 2,696 shares of the bank’s stock worth $78,000 after purchasing an additional 2,680 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in First Bancshares by 284.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,623 shares of the bank’s stock valued at $110,000 after acquiring an additional 2,680 shares during the period. 56.54% of the stock is owned by hedge funds and other institutional investors.

Shares of First Bancshares stock traded up $0.11 on Thursday, hitting $30.11. 151 shares of the company traded hands, compared to its average volume of 70,838. The firm has a market cap of $520.26 million, a PE ratio of 13.15 and a beta of 0.31. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.31. First Bancshares has a 52 week low of $27.84 and a 52 week high of $43.53. The company’s 50-day moving average price is $30.04.

First Bancshares (NASDAQ:FBMS) last posted its earnings results on Monday, April 22nd. The bank reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). First Bancshares had a net margin of 18.16% and a return on equity of 10.24%. The business had revenue of $32.69 million during the quarter, compared to analysts’ expectations of $32.58 million. As a group, research analysts anticipate that First Bancshares will post 2.83 earnings per share for the current year.

First Bancshares Company Profile

The First Bancshares, Inc operates as the bank 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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