First Bancshares Inc (NASDAQ:FBMS) has been given a consensus broker rating score of 1.33 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating and two have given a strong buy rating to the company.
Analysts have set a 1 year consensus price objective of $39.50 for the company and are predicting that the company will post $0.53 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Bancshares an industry rank of 115 out of 265 based on the ratings given to related companies.
Several equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of First Bancshares from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research cut shares of First Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, December 29th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $39.00 price objective on shares of First Bancshares in a research report on Friday, December 22nd. BidaskClub cut shares of First Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Finally, Stephens reiterated a “buy” rating and set a $37.00 price objective on shares of First Bancshares in a research report on Tuesday, January 30th.
First Bancshares (NASDAQ:FBMS) last posted its quarterly earnings data on Friday, January 26th. The bank reported $0.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. First Bancshares had a net margin of 13.20% and a return on equity of 10.36%. The company had revenue of $18.78 million during the quarter, compared to analysts’ expectations of $19.55 million. research analysts anticipate that First Bancshares will post 2.28 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Monday, February 5th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, February 2nd. This is a positive change from First Bancshares’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a yield of 0.60%. First Bancshares’s dividend payout ratio is currently 17.86%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC bought a new position in First Bancshares during the second quarter worth $415,000. Dimensional Fund Advisors LP boosted its stake in First Bancshares by 35.6% during the second quarter. Dimensional Fund Advisors LP now owns 33,208 shares of the bank’s stock worth $917,000 after acquiring an additional 8,725 shares in the last quarter. Northern Trust Corp bought a new position in First Bancshares during the second quarter worth $2,153,000. Vanguard Group Inc. boosted its stake in First Bancshares by 15.1% during the second quarter. Vanguard Group Inc. now owns 245,310 shares of the bank’s stock worth $6,770,000 after acquiring an additional 32,117 shares in the last quarter. Finally, California State Teachers Retirement System bought a new position in First Bancshares during the second quarter worth $414,000. 67.40% of the stock is currently owned by institutional investors and hedge funds.
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First Bancshares Company Profile
The First Bancshares, Inc is a bank holding company for The First, A National Banking Association (the Bank). The Company and the Bank engage in a general commercial and retail banking business for small to medium-sized businesses, professional concerns and individuals. The Bank provides a range of banking services in its primary market area of South Mississippi, South Alabama and Louisiana.
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