Zacks: Brokerages Set $38.50 Price Target for First Bancshares Inc (FBMS)

First Bancshares Inc (NASDAQ:FBMS) has earned an average broker rating score of 1.33 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and two have assigned a strong buy rating to the company.

Brokerages have set a 1-year 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 122 out of 265 based on the ratings given to related companies.

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FBMS has been the topic of a number of research analyst reports. ValuEngine raised First Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded First Bancshares from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $39.00 price objective on shares of First Bancshares in a report on Friday, December 22nd. BidaskClub downgraded First Bancshares from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Finally, Stephens reiterated a “buy” rating and set a $37.00 price objective on shares of First Bancshares in a report on Tuesday, January 30th.

NASDAQ:FBMS remained flat at $$31.75 during mid-day trading on Thursday. The company’s stock had a trading volume of 9,232 shares, compared to its average volume of 25,196. First Bancshares has a 1 year low of $26.05 and a 1 year 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 $386.84, a price-to-earnings ratio of 17.84 and a beta of -0.38.

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

A number of hedge funds have recently bought and sold shares of the business. Martingale Asset Management L P acquired a new stake in First Bancshares during the 4th quarter worth approximately $254,000. Ausdal Financial Partners Inc. bought a new stake in First Bancshares during the 4th quarter worth $205,000. The Manufacturers Life Insurance Company grew its position in First Bancshares by 34.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 418,086 shares of the bank’s stock worth $14,299,000 after acquiring an additional 107,029 shares during the last quarter. SG Americas Securities LLC bought a new stake in First Bancshares during the 3rd quarter worth $370,000. Finally, Banc Funds Co. LLC grew its position in First Bancshares by 8.4% during the 4th quarter. Banc Funds Co. LLC now owns 746,364 shares of the bank’s stock worth $25,526,000 after acquiring an additional 57,521 shares during the last quarter. Hedge funds and other institutional investors own 61.01% of the company’s stock.

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About First Bancshares

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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