First Bancshares (NASDAQ:FBMS) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of First Bancshares (NASDAQ:FBMSFree Report) from a sell rating to a hold rating in a research report released on Sunday.

A number of other research firms have also recently commented on FBMS. Hovde Group decreased their price target on First Bancshares from $29.50 to $28.00 and set a market perform rating for the company in a research note on Monday, May 6th. TheStreet cut First Bancshares from a b- rating to a c+ rating in a research note on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, First Bancshares currently has an average rating of Hold and a consensus price target of $31.00.

Get Our Latest Stock Report on FBMS

First Bancshares Trading Down 0.2 %

First Bancshares stock opened at $24.07 on Friday. The stock has a 50-day moving average of $24.67 and a two-hundred day moving average of $25.72. 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 one year low of $22.96 and a one year high of $32.06. The stock has a market cap of $751.47 million, a PE ratio of 9.60 and a beta of 0.92.

First Bancshares (NASDAQ:FBMSGet Free Report) last released its quarterly earnings results on Monday, April 29th. The bank reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. First Bancshares had a return on equity of 9.73% and a net margin of 20.00%. The company had revenue of $104.34 million during the quarter, compared to analysts’ expectations of $69.30 million. During the same period last year, the business posted $0.86 earnings per share. On average, research analysts anticipate that First Bancshares will post 2.45 EPS for the current fiscal year.

First Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Tuesday, May 7th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.15%. The ex-dividend date was Monday, May 6th. First Bancshares’s payout ratio is 39.68%.

Institutional Trading of First Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in First Bancshares by 3.8% during the first quarter. Vanguard Group Inc. now owns 1,626,074 shares of the bank’s stock worth $42,197,000 after acquiring an additional 59,471 shares during the period. Dimensional Fund Advisors LP grew its holdings in First Bancshares by 10.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,115,691 shares of the bank’s stock worth $32,724,000 after acquiring an additional 106,088 shares during the period. North Reef Capital Management LP grew its holdings in First Bancshares by 0.8% during the third quarter. North Reef Capital Management LP now owns 1,106,781 shares of the bank’s stock worth $29,850,000 after acquiring an additional 8,945 shares during the period. Mendon Capital Advisors Corp acquired a new stake in First Bancshares during the fourth quarter worth about $12,681,000. Finally, Kennedy Capital Management LLC grew its holdings in First Bancshares by 1.8% during the third quarter. Kennedy Capital Management LLC now owns 340,112 shares of the bank’s stock worth $9,173,000 after acquiring an additional 6,011 shares during the period. 69.95% of the stock is owned by institutional investors and hedge funds.

About First Bancshares

(Get Free Report)

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.

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