Analysts Anticipate First Bancshares Inc (FBMS) to Post $0.63 Earnings Per Share

Shares of First Bancshares Inc (NASDAQ:FBMS) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Analysts have set a 1 year consensus price objective of $43.50 for the company and are expecting that the company will post $0.63 EPS for the current quarter, according to Zacks. Zacks has also given First Bancshares an industry rank of 186 out of 257 based on the ratings given to its competitors.

A number of equities research analysts have recently issued reports on the stock. Stephens reissued a “buy” rating and issued a $37.00 price target on shares of First Bancshares in a report on Tuesday, July 24th. BidaskClub raised shares of First Bancshares from a “strong sell” rating to a “sell” rating in a report on Saturday, November 3rd. ValuEngine downgraded shares of First Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Finally, Zacks Investment Research raised shares of First Bancshares from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Wednesday, October 31st.

Shares of First Bancshares stock traded up $0.34 on Friday, reaching $36.37. The stock had a trading volume of 19,895 shares, compared to its average volume of 27,777. First Bancshares has a 1 year low of $29.75 and a 1 year high of $43.53. The company has a market cap of $481.22 million, a price-to-earnings ratio of 20.66 and a beta of -0.04. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.30.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Wednesday, November 7th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Tuesday, November 6th. First Bancshares’s payout ratio is 11.36%.

Hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc bought a new position in shares of First Bancshares in the third quarter worth approximately $114,000. Barclays PLC increased its position in shares of First Bancshares by 91.2% in the first quarter. Barclays PLC now owns 3,421 shares of the bank’s stock worth $111,000 after purchasing an additional 1,632 shares during the last quarter. Voya Investment Management LLC bought a new position in shares of First Bancshares in the second quarter worth approximately $202,000. Hartford Investment Management Co. bought a new position in shares of First Bancshares in the second quarter worth approximately $204,000. Finally, Harbor Advisors LLC bought a new position in shares of First Bancshares in the second quarter worth approximately $204,000. Institutional investors own 66.42% of the company’s stock.

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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