First Bancshares (NASDAQ:FBMS) Upgraded to “Hold” at

First Bancshares (NASDAQ:FBMSGet Free Report) was upgraded by investment analysts at from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

Separately, Hovde Group reduced their price objective on shares of First Bancshares from $29.50 to $28.00 and set a “market perform” rating for the company in a research report on Monday, May 6th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, First Bancshares presently has a consensus rating of “Hold” and a consensus target price of $31.00.

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First Bancshares Trading Up 1.6 %

NASDAQ FBMS traded up $0.40 during mid-day trading on Wednesday, reaching $25.84. 80,412 shares of the stock were exchanged, compared to its average volume of 155,150. The stock has a market cap of $806.72 million, a P/E ratio of 10.25 and a beta of 0.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.81 and a quick ratio of 0.81. First Bancshares has a one year low of $22.96 and a one year high of $32.06. The stock has a 50 day simple moving average of $24.92 and a 200-day simple moving average of $25.36.

First Bancshares (NASDAQ:FBMSGet Free Report) last posted its quarterly earnings data on Monday, April 29th. The bank reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.05. First Bancshares had a return on equity of 9.73% and a net margin of 20.00%. The firm had revenue of $104.34 million during the quarter, compared to analyst estimates of $69.30 million. During the same period last year, the company posted $0.86 EPS. On average, analysts anticipate that First Bancshares will post 2.42 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FBMS. CWM LLC raised its stake in First Bancshares by 3,387.8% in the 2nd quarter. CWM LLC now owns 1,709 shares of the bank’s stock valued at $44,000 after acquiring an additional 1,660 shares during the period. Quest Partners LLC bought a new stake in First Bancshares during the 4th quarter worth approximately $87,000. EntryPoint Capital LLC purchased a new stake in First Bancshares in the 1st quarter worth approximately $103,000. Quantbot Technologies LP grew its position in shares of First Bancshares by 652.7% during the 1st quarter. Quantbot Technologies LP now owns 7,474 shares of the bank’s stock valued at $194,000 after purchasing an additional 6,481 shares in the last quarter. Finally, CreativeOne Wealth LLC bought a new position in shares of First Bancshares in the first quarter worth $202,000. 69.95% of the stock is owned by institutional investors.

About First Bancshares

(Get Free Report)

The First Bancshares, Inc operates as the bank holding company for The First Bank 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 and health savings accounts.

Further Reading

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