First Bancshares (FBMS) Given a $39.00 Price Target at Stephens

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Stephens set a $39.00 price target on First Bancshares (NASDAQ:FBMS) in a research report sent to investors on Wednesday morning. The firm currently has a buy rating on the bank’s stock.

Other analysts have also issued reports about the company. BidaskClub lowered First Bancshares from a sell rating to a strong sell rating in a report on Saturday, October 27th. ValuEngine lowered First Bancshares from a buy rating to a hold rating in a report on Wednesday, October 24th. Finally, Zacks Investment Research upgraded First Bancshares from a hold rating to a buy rating and set a $39.00 price objective for the company in a report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $39.00.

Shares of FBMS traded down $0.38 during mid-day trading on Wednesday, reaching $35.99. The company’s stock had a trading volume of 15,583 shares, compared to its average volume of 30,921. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.30. First Bancshares has a 1 year low of $29.75 and a 1 year high of $43.53. The firm has a market capitalization of $470.77 million, a P/E ratio of 20.45 and a beta of -0.04.

First Bancshares (NASDAQ:FBMS) last announced its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.01. First Bancshares had a return on equity of 10.34% and a net margin of 16.09%. The business had revenue of $26.74 million during the quarter, compared to analyst estimates of $26.48 million. On average, analysts expect that First Bancshares will post 2.26 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Wednesday, November 7th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. First Bancshares’s dividend payout ratio is 11.36%.

Large investors have recently made changes to their positions in the stock. Barclays PLC raised its holdings in shares of First Bancshares by 91.2% during the first quarter. Barclays PLC now owns 3,421 shares of the bank’s stock worth $111,000 after acquiring an additional 1,632 shares in the last quarter. IFP Advisors Inc purchased a new stake in shares of First Bancshares during the third quarter worth $114,000. Voya Investment Management LLC purchased a new stake in shares of First Bancshares during the second quarter worth $202,000. Harbor Advisors LLC purchased a new stake in shares of First Bancshares during the second quarter worth $204,000. Finally, Hartford Investment Management Co. purchased a new stake in shares of First Bancshares during the second quarter worth $204,000. Institutional investors and hedge funds own 66.42% of the company’s stock.

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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