First Bancshares (FBMS) Set to Announce Earnings on Wednesday

First Bancshares (NASDAQ:FBMS) is set to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

First Bancshares (NASDAQ:FBMS) last announced its quarterly earnings results on Wednesday, January 24th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.11). The business had revenue of $60.01 million during the quarter, compared to analyst estimates of $72.10 million. First Bancshares had a net margin of 19.47% and a return on equity of 10.60%. On average, analysts expect First Bancshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Bancshares Price Performance

FBMS stock opened at $24.61 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 0.85. First Bancshares has a 52-week low of $22.82 and a 52-week high of $32.06. The company has a market capitalization of $768.57 million, a P/E ratio of 10.30 and a beta of 0.88. The company has a fifty day moving average price of $24.66 and a 200-day moving average price of $26.03.

First Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Wednesday, February 7th were given a dividend of $0.25 per share. This is a positive change from First Bancshares’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend was Tuesday, February 6th. First Bancshares’s dividend payout ratio (DPR) is currently 41.84%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $28.00 price target on shares of First Bancshares in a research note on Friday, January 26th. TheStreet lowered shares of First Bancshares from a “b-” rating to a “c+” rating in a report on Wednesday, February 28th. Stephens restated an “overweight” rating and issued a $34.00 price target on shares of First Bancshares in a research report on Wednesday, January 17th. Finally, StockNews.com cut shares of First Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, April 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $32.00.

First Bancshares Company Profile

The First Bancshares, Inc operates as the bank holding company for The First Bank 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 and health savings accounts.