First Bancshares (NASDAQ:FBMS) Now covered by StockNews.com

Research analysts at StockNews.com have begun coverage on the stock First Bancshares (NASDAQ:FBMS – Get a Free Report) in a research note issued to investors on Sunday. The brokerage set a “sell” rating on the bank’s stock.

A number of other equities research analysts have also recently weighed in on FBMS. Keefe, Bruyette & Woods upgraded First Bancshares from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $31.00 to $40.00 in a note research on Friday, August 2. Hovde Group upped their target price on shares of First Bancshares from $29.00 to $32.50 and gave the stock a “market perform” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. First Bancshares presently has a consensus rating of “Hold” and a consensus price target of $35.13, according to MarketBeat .

Check out our latest report on First Bancshares

First Bancshares Price Performance

Shares of FBMS stock opened at $33.46 on Friday. The stock has a market cap of $1.04 billion, a PE ratio of 13.28 and a beta of 0.93. The company has a 50-day moving average price of $28.73 and a 200-day moving average price of $26.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.81, and a current ratio of 0.81. First Bancshares has a fifty-two week low of $22.96 and a fifty-two week high of $34.40.

First Bancshares (NASDAQ:FBMS – Get Free Report ) last posted its earnings results on Wednesday, July 24th. The bank reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $104.35 million during the quarter, compared to analyst estimates of $70.40 million. First Bancshares had a return on equity of 8.90% and a net margin of 18.71%. In the same quarter last year, the company earned $0.85 per share. equities analysts forecast that First Bancshares will post 2.43 earnings per share for the current fiscal year.

Institutional trading of First Bancshares shares

A number of institutional investors have recently made changes to their positions in the business. Inçalta Capital LLC purchased a new stake in First Bancshares in the second quarter valued at about $36,000. CWM LLC boosted its holdings in shares of First Bancshares by 3,387.8% in the second quarter. CWM LLC now owns 1,709 shares of the bank’s stock valued at $44,000 after acquiring an additional 1,660 shares during the last quarter. Quest Partners LLC acquired a new position in shares of First Bancshares in the 4th quarter valued at approximately $87,000. EntryPoint Capital LLC purchased a new stake in First Bancshares in the first quarter worth approximately $103,000. Finally, Quantbot Technologies LP raised its position in First Bancshares by 652.7% in the first quarter. Quantbot Technologies LP now owns 7,474 shares of the bank’s stock worth $194,000 after acquiring an additional 6,481 shares during the last quarter. Institutional investors and hedge funds own 69.95% of the company’s shares.

First Bancshares Company Profile

(Get a free report)

The First Bancshares, Inc operates as the bank holding company for The First Bank, which provides general commercial and retail banking services. The company operates through three segments: Commercial/Retail Banking, Banking Mortgage Division and Holding. Offers deposit services, including checking, NOW and savings accounts; other time deposits, such as daily money market accounts and long-term certificates of deposit; and individual retirement and health savings accounts.

See Also

Get daily news and ratings for First Bancshares – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for First Bancshares and related companies with MarketBeat.com’s FREE daily email newsletter.