Analysts Anticipate First Bancshares Inc (FBMS) to Announce $0.67 Earnings Per Share

Shares of First Bancshares Inc (NASDAQ:FBMS) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus target price of $39.00 for the company and are expecting that the company will post $0.67 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Bancshares an industry rank of 97 out of 256 based on the ratings given to its competitors.

FBMS has been the topic of a number of recent research reports. BidaskClub upgraded shares of First Bancshares from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 27th. Zacks Investment Research lowered shares of First Bancshares from a “hold” rating to a “sell” rating in a report on Monday, February 4th. ValuEngine lowered shares of First Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Finally, Stephens reiterated a “buy” rating and issued a $37.00 target price on shares of First Bancshares in a report on Tuesday, February 5th.

A number of large investors have recently bought and sold shares of FBMS. Trustcore Financial Services LLC purchased a new stake in shares of First Bancshares in the 1st quarter valued at approximately $53,000. Great West Life Assurance Co. Can increased its position in shares of First Bancshares by 16,750.0% in the 4th quarter. Great West Life Assurance Co. Can now owns 2,696 shares of the bank’s stock valued at $78,000 after purchasing an additional 2,680 shares during the last quarter. Legal & General Group Plc increased its position in shares of First Bancshares by 40.5% in the 4th quarter. Legal & General Group Plc now owns 2,603 shares of the bank’s stock valued at $79,000 after purchasing an additional 750 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of First Bancshares by 508.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,590 shares of the bank’s stock valued at $80,000 after purchasing an additional 2,164 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of First Bancshares by 284.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,623 shares of the bank’s stock valued at $110,000 after purchasing an additional 2,680 shares during the last quarter. Institutional investors own 56.54% of the company’s stock.

FBMS traded up $0.17 on Monday, reaching $29.97. The stock had a trading volume of 285 shares, compared to its average volume of 24,806. The stock has a market capitalization of $514.73 million, a price-to-earnings ratio of 13.09 and a beta of 0.32. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.89. First Bancshares has a 12-month low of $27.84 and a 12-month high of $43.53.

First Bancshares (NASDAQ:FBMS) last released its earnings results on Monday, April 22nd. The bank reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The company had revenue of $32.69 million for the quarter, compared to analysts’ expectations of $32.58 million. First Bancshares had a return on equity of 10.24% and a net margin of 18.16%. On average, equities research analysts forecast that First Bancshares will post 2.81 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.07%. This is a positive change from First Bancshares’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, May 9th. First Bancshares’s payout ratio is presently 13.97%.

About First Bancshares

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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