First Bancshares (FBMS) Stock Rating Lowered by BidaskClub
First Bancshares (NASDAQ:FBMS) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday.
Several other research analysts have also recently weighed in on the stock. ValuEngine cut shares of First Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Stephens restated a “buy” rating and set a $44.00 price target on shares of First Bancshares in a report on Wednesday, October 24th. Finally, Zacks Investment Research upgraded shares of First Bancshares from a “hold” rating to a “strong-buy” rating and set a $44.00 price target on the stock in a report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $42.33.
First Bancshares stock opened at $34.42 on Friday. First Bancshares has a fifty-two week low of $29.75 and a fifty-two week high of $43.53. The stock has a market cap of $449.73 million, a P/E ratio of 19.56 and a beta of -0.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.87 and a current ratio of 0.87.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smith Shellnut Wilson LLC ADV purchased a new position in First Bancshares in the third quarter valued at about $1,393,000. Northpointe Capital LLC purchased a new position in First Bancshares in the second quarter valued at about $4,577,000. Schwab Charles Investment Management Inc. boosted its stake in First Bancshares by 14.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 21,971 shares of the bank’s stock valued at $709,000 after acquiring an additional 2,700 shares during the last quarter. Summit Global Investments purchased a new position in First Bancshares in the second quarter valued at about $690,000. Finally, Renaissance Technologies LLC boosted its stake in First Bancshares by 97.2% in the second quarter. Renaissance Technologies LLC now owns 111,600 shares of the bank’s stock valued at $4,012,000 after acquiring an additional 55,000 shares during the last quarter. Hedge funds and other institutional investors own 66.95% 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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