The First Bancshares, Inc. (NASDAQ:FBMS) Set to Announce Earnings on Monday
The First Bancshares, Inc. (NASDAQ:FBMS) will be announcing its earnings results after the market closes on Monday, July 24th. Analysts expect the company to announce earnings of $0.41 per share for the quarter.
The First Bancshares, Inc. (FBMS) opened at 27.60 on Monday. The firm has a market capitalization of $251.79 million, a P/E ratio of 23.65 and a beta of -0.31. The First Bancshares, Inc. has a 12 month low of $16.99 and a 12 month high of $30.80. The company’s 50 day moving average price is $27.90 and its 200 day moving average price is $28.10.
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FBMS has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $31.00 price objective on shares of The First Bancshares in a report on Wednesday, April 5th. Zacks Investment Research cut shares of The First Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, March 28th. Finally, ValuEngine upgraded shares of The First Bancshares from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
In related news, insider M Ray Cole, Jr. sold 11,917 shares of the firm’s stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $28.26, for a total transaction of $336,774.42. Following the completion of the sale, the insider now directly owns 61,270 shares in the company, valued at $1,731,490.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman E Ricky Gibson bought 2,000 shares of The First Bancshares stock in a transaction that occurred on Tuesday, May 16th. The shares were acquired at an average price of $28.40 per share, with a total value of $56,800.00. The disclosure for this purchase can be found here. Insiders have sold 19,917 shares of company stock valued at $565,882 over the last 90 days. 11.76% of the stock is currently owned by insiders.
About The First Bancshares
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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