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.

First Bancshares (NASDAQ:FBMS) last released its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. First Bancshares had a net margin of 16.09% and a return on equity of 10.34%. The business had revenue of $26.74 million for the quarter, compared to analysts’ expectations of $26.48 million. As a group, research analysts anticipate that First Bancshares will post 2.25 earnings per share for the current year.

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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