First Bancshares Inc (FBMS) Given Consensus Recommendation of “Strong Buy” by Brokerages

First Bancshares Inc (NASDAQ:FBMS) has been assigned a consensus broker rating score of 1.33 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company.

Brokers have set a 12 month consensus price target of $38.50 for the company and are predicting that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also given First Bancshares an industry rank of 173 out of 265 based on the ratings given to related companies.

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Several research firms recently issued reports on FBMS. Zacks Investment Research lowered shares of First Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. BidaskClub raised shares of First Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, February 10th. Stephens reaffirmed a “buy” rating and set a $37.00 price objective on shares of First Bancshares in a report on Tuesday, January 30th. ValuEngine raised shares of First Bancshares from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $39.00 price objective on shares of First Bancshares in a report on Friday, December 22nd.

NASDAQ:FBMS traded down $0.40 during mid-day trading on Wednesday, hitting $31.85. The company’s stock had a trading volume of 31,446 shares, compared to its average volume of 22,143. First Bancshares has a fifty-two week low of $26.05 and a fifty-two week high of $35.10. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $397.95, a PE ratio of 18.04 and a beta of -0.38.

First Bancshares (NASDAQ:FBMS) last posted its quarterly earnings results on Friday, January 26th. The bank reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. First Bancshares had a net margin of 13.20% and a return on equity of 9.49%. The firm had revenue of $18.78 million during the quarter, compared to analyst estimates of $19.55 million. research analysts expect that First Bancshares will post 2.21 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC acquired a new stake in shares of First Bancshares during the fourth quarter worth approximately $152,000. Bessemer Group Inc. acquired a new stake in shares of First Bancshares during the fourth quarter worth approximately $164,000. Macquarie Group Ltd. acquired a new stake in shares of First Bancshares during the third quarter worth approximately $170,000. Ausdal Financial Partners Inc. acquired a new stake in shares of First Bancshares during the fourth quarter worth approximately $205,000. Finally, Martingale Asset Management L P acquired a new stake in shares of First Bancshares during the fourth quarter worth approximately $254,000. 61.00% of the stock is owned by institutional investors.

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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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