First Bancshares (NASDAQ:FBMS) Lowered to “Equal Weight” at Stephens

Stephens cut shares of First Bancshares (NASDAQ:FBMS) from an overweight rating to an equal weight rating in a research note released on Tuesday morning, AnalystRatings.com reports. The firm currently has $34.00 price objective on the bank’s stock.

FBMS has been the subject of several other research reports. Zacks Investment Research cut CGI from a buy rating to a hold rating in a research report on Wednesday, June 19th. ValuEngine upgraded WPP from a sell rating to a hold rating in a research report on Wednesday, June 19th. Finally, BidaskClub upgraded Winmark from a sell rating to a hold rating in a research report on Tuesday, May 14th.

First Bancshares stock opened at $29.85 on Tuesday. First Bancshares has a 12 month low of $27.84 and a 12 month high of $43.53. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.89 and a quick ratio of 0.89. The business’s 50 day moving average is $30.18. The stock has a market capitalization of $518.01 million, a PE ratio of 13.03 and a beta of 0.31.

First Bancshares (NASDAQ:FBMS) last released its quarterly earnings data on Monday, April 22nd. The bank reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.01). The business had revenue of $32.69 million during the quarter, compared to analysts’ expectations of $32.58 million. First Bancshares had a return on equity of 10.24% and a net margin of 18.16%. Sell-side analysts expect that First Bancshares will post 2.83 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in FBMS. Context BH Capital Management LP purchased a new position in First Bancshares in the first quarter worth $3,127,000. Mid Atlantic Financial Management Inc. ADV acquired a new stake in First Bancshares in the first quarter valued at $2,740,000. RMB Capital Management LLC grew its holdings in First Bancshares by 7.5% in the fourth quarter. RMB Capital Management LLC now owns 830,563 shares of the bank’s stock valued at $25,125,000 after purchasing an additional 57,714 shares during the last quarter. Intl Fcstone Inc. acquired a new stake in First Bancshares in the first quarter valued at $1,697,000. Finally, Pacific Ridge Capital Partners LLC grew its holdings in First Bancshares by 80.7% in the first quarter. Pacific Ridge Capital Partners LLC now owns 96,536 shares of the bank’s stock valued at $2,983,000 after purchasing an additional 43,099 shares during the last quarter. Hedge funds and other institutional investors own 56.42% of the company’s stock.

About First Bancshares

The First Bancshares, Inc operates as the bank 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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