First Bancshares Inc (NASDAQ:FBMS) Given $37.63 Average Price Target by Analysts

Shares of First Bancshares Inc (NASDAQ:FBMS) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Analysts have set a 1 year consensus price target of $37.63 for the company and are predicting that the company will post $0.68 earnings per share for the current quarter, according to Zacks. Zacks has also given First Bancshares an industry rank of 163 out of 256 based on the ratings given to related companies.

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 note on Wednesday, March 27th. Zacks Investment Research lowered shares of First Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th.

NASDAQ:FBMS traded down $0.03 on Wednesday, reaching $30.72. 105 shares of the company’s stock were exchanged, compared to its average volume of 68,873. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.31. The stock has a market cap of $531.14 million, a price-to-earnings ratio of 13.45 and a beta of 0.31. The business has a fifty day simple moving average of $30.30. First Bancshares has a 52-week low of $27.84 and a 52-week high of $43.53.

First Bancshares (NASDAQ:FBMS) last issued its quarterly earnings results on Monday, April 22nd. The bank reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). The business 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%. As a group, research analysts anticipate that First Bancshares will post 2.83 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. RMB Capital Management LLC grew its position in shares of First Bancshares by 7.5% during the fourth quarter. RMB Capital Management LLC now owns 830,563 shares of the bank’s stock worth $25,125,000 after buying an additional 57,714 shares in the last quarter. BlackRock Inc. boosted its holdings in First Bancshares by 6.2% in the fourth quarter. BlackRock Inc. now owns 658,590 shares of the bank’s stock valued at $19,922,000 after purchasing an additional 38,710 shares in the last quarter. Banc Funds Co. LLC boosted its holdings in First Bancshares by 1.5% in the first quarter. Banc Funds Co. LLC now owns 509,778 shares of the bank’s stock valued at $15,752,000 after purchasing an additional 7,500 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in First Bancshares by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 190,904 shares of the bank’s stock valued at $5,775,000 after purchasing an additional 12,618 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in First Bancshares by 1.9% in the fourth quarter. Northern Trust Corp now owns 144,581 shares of the bank’s stock valued at $4,373,000 after purchasing an additional 2,636 shares in the last quarter. 56.42% of the stock is owned by institutional investors and hedge funds.

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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