First Bancshares (NASDAQ:FBMS) Rating Lowered to Sell at BidaskClub

BidaskClub downgraded shares of First Bancshares (NASDAQ:FBMS) from a hold rating to a sell rating in a research note published on Tuesday morning, BidAskClub reports.

A number of other brokerages have also commented on FBMS. Stephens lowered shares of First Bancshares from an overweight rating to an equal weight rating and set a $34.00 price objective on the stock. in a report on Tuesday, July 9th. Zacks Investment Research lowered shares of First Bancshares from a buy rating to a hold rating in a report on Friday, August 16th. Finally, ValuEngine raised shares of First Bancshares from a sell rating to a hold rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. First Bancshares currently has a consensus rating of Hold and a consensus price target of $35.33.

Shares of NASDAQ:FBMS opened at $31.79 on Tuesday. First Bancshares has a 12 month low of $27.84 and a 12 month high of $39.02. The company’s 50-day moving average price is $32.20 and its two-hundred day moving average price is $31.14. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.33. The firm has a market cap of $531.63 million, a P/E ratio of 11.98 and a beta of 0.34.

First Bancshares (NASDAQ:FBMS) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. First Bancshares had a net margin of 20.99% and a return on equity of 10.06%. The firm had revenue of $37.49 million for the quarter, compared to analyst estimates of $35.50 million. As a group, equities analysts predict that First Bancshares will post 2.79 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. First Trust Advisors LP boosted its stake in shares of First Bancshares by 1.8% in the 1st quarter. First Trust Advisors LP now owns 22,589 shares of the bank’s stock valued at $698,000 after purchasing an additional 390 shares during the last quarter. Swiss National Bank boosted its stake in shares of First Bancshares by 2.0% in the 2nd quarter. Swiss National Bank now owns 30,430 shares of the bank’s stock valued at $923,000 after purchasing an additional 600 shares during the last quarter. Intl Fcstone Inc. boosted its stake in shares of First Bancshares by 2.1% in the 2nd quarter. Intl Fcstone Inc. now owns 56,077 shares of the bank’s stock valued at $1,701,000 after purchasing an additional 1,148 shares during the last quarter. TD Asset Management Inc. boosted its stake in shares of First Bancshares by 7.6% in the 2nd quarter. TD Asset Management Inc. now owns 18,353 shares of the bank’s stock valued at $557,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in shares of First Bancshares in the 2nd quarter valued at about $42,000. 59.49% of the stock is currently owned by institutional investors.

First Bancshares Company Profile

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.

Further Reading: Do equity income investments outperform growth and income investments?

Receive News & Ratings for First Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.