First Bancshares Inc (NASDAQ:FBMS) has earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation. First Bancshares’ rating score has improved by 24.8% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a 1-year consensus price target of $43.50 for the company and are anticipating that the company will post $0.61 earnings per share for the current quarter, according to Zacks. Zacks has also given First Bancshares an industry rank of 93 out of 255 based on the ratings given to related companies.

Several research firms recently issued reports on FBMS. Zacks Investment Research raised First Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th. Stephens reissued a “buy” rating and set a $37.00 price objective on shares of First Bancshares in a research note on Tuesday, July 24th. Finally, BidaskClub raised First Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, July 6th.

Shares of First Bancshares stock traded down $1.08 during trading hours on Wednesday, reaching $36.63. The company had a trading volume of 16,556 shares, compared to its average volume of 33,375. First Bancshares has a one year low of $29.73 and a one year high of $43.53. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $492.72 million, a P/E ratio of 20.81 and a beta of -0.19.

First Bancshares (NASDAQ:FBMS) last posted its quarterly earnings results on Monday, July 23rd. The bank reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.14. First Bancshares had a return on equity of 9.83% and a net margin of 17.38%. The firm had revenue of $27.20 million during the quarter, compared to analyst estimates of $25.59 million. Sell-side analysts expect that First Bancshares will post 2.25 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Smith Shellnut Wilson LLC ADV bought a new stake in First Bancshares during the third quarter valued at $1,393,000. Northern Trust Corp boosted its stake in First Bancshares by 25.1% during the second quarter. Northern Trust Corp now owns 135,887 shares of the bank’s stock valued at $4,885,000 after buying an additional 27,278 shares during the period. Bank of New York Mellon Corp boosted its stake in First Bancshares by 12.4% during the second quarter. Bank of New York Mellon Corp now owns 47,539 shares of the bank’s stock valued at $1,709,000 after buying an additional 5,231 shares during the period. California Public Employees Retirement System boosted its stake in First Bancshares by 62.8% during the second quarter. California Public Employees Retirement System now owns 14,973 shares of the bank’s stock valued at $538,000 after buying an additional 5,773 shares during the period. Finally, MetLife Investment Advisors LLC boosted its stake in First Bancshares by 37.0% during the second quarter. MetLife Investment Advisors LLC now owns 6,100 shares of the bank’s stock valued at $219,000 after buying an additional 1,646 shares during the period. 66.95% of the stock is owned by institutional investors.

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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