Zacks: First Bancshares Inc (FBMS) Given $35.75 Consensus Target Price by Analysts

Shares of First Bancshares Inc (NASDAQ:FBMS) have been given an average broker rating score of 1.33 (Strong Buy) from the three brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and two have issued a strong buy rating on the company.

Analysts have set a one year consensus target price of $35.75 for the company and are forecasting that the company will post $0.48 EPS for the current quarter, according to Zacks. Zacks has also assigned First Bancshares an industry rank of 37 out of 265 based on the ratings given to related companies.

Several analysts have recently commented on the company. BidaskClub downgraded First Bancshares from a “buy” rating to a “hold” rating in a research note on Friday. ValuEngine upgraded First Bancshares from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded First Bancshares from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $39.00 target price on shares of First Bancshares in a research note on Friday, December 22nd.

In other news, Director J Douglas Seidenburg bought 3,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were purchased at an average price of $29.00 per share, with a total value of $87,000.00. Following the transaction, the director now directly owns 100,740 shares in the company, valued at $2,921,460. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders purchased 4,250 shares of company stock worth $123,250. 11.76% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the business. Castine Capital Management LLC lifted its position in shares of First Bancshares by 7.9% during the 3rd quarter. Castine Capital Management LLC now owns 322,714 shares of the bank’s stock worth $9,730,000 after buying an additional 23,764 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of First Bancshares by 46.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 308,592 shares of the bank’s stock worth $8,517,000 after buying an additional 98,592 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of First Bancshares by 15.1% during the 2nd quarter. Vanguard Group Inc. now owns 245,310 shares of the bank’s stock worth $6,770,000 after buying an additional 32,117 shares in the last quarter. State Street Corp bought a new position in shares of First Bancshares during the 2nd quarter worth approximately $2,633,000. Finally, Northern Trust Corp bought a new position in shares of First Bancshares during the 2nd quarter worth approximately $2,153,000. 47.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of First Bancshares (NASDAQ:FBMS) opened at $33.15 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $371.59, a PE ratio of 28.83 and a beta of -0.24. First Bancshares has a 1-year low of $26.05 and a 1-year high of $35.10.

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About 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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