BidaskClub downgraded shares of First Bancshares (NASDAQ:FBMS) from a sell rating to a strong sell rating in a report released on Saturday, BidAskClub reports.

Several other analysts have also commented on the company. Stephens reaffirmed a hold rating and issued a $36.00 price objective on shares of First Bancshares in a report on Thursday, December 19th. ValuEngine lowered First Bancshares from a hold rating to a sell rating in a report on Friday, December 13th. Zacks Investment Research raised First Bancshares from a hold rating to a buy rating and set a $39.00 price objective for the company in a report on Monday, January 6th. Finally, DA Davidson began coverage on First Bancshares in a report on Wednesday, October 9th. They issued a buy rating and a $36.00 price objective for the company. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $37.00.

Shares of FBMS opened at $33.63 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.91 and a quick ratio of 0.91. First Bancshares has a one year low of $28.07 and a one year high of $35.88. The firm has a market capitalization of $641.56 million, a P/E ratio of 14.25 and a beta of 0.34. The business has a fifty day moving average of $34.34 and a 200 day moving average of $32.69.

First Bancshares (NASDAQ:FBMS) last issued its quarterly earnings data on Monday, October 21st. The bank reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.02. First Bancshares had a return on equity of 10.03% and a net margin of 23.57%. The company had revenue of $37.56 million during the quarter, compared to analyst estimates of $37.32 million. Analysts expect that First Bancshares will post 2.81 EPS for the current fiscal year.

In other First Bancshares news, Chairman E Ricky Gibson sold 6,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $33.00, for a total transaction of $198,000.00. Following the completion of the sale, the chairman now owns 96,918 shares of the company’s stock, valued at $3,198,294. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.27% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in FBMS. Tower Research Capital LLC TRC grew its holdings in First Bancshares by 206.6% during the third quarter. Tower Research Capital LLC TRC now owns 791 shares of the bank’s stock valued at $26,000 after purchasing an additional 533 shares during the period. Nisa Investment Advisors LLC grew its holdings in First Bancshares by 320.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 840 shares of the bank’s stock valued at $30,000 after purchasing an additional 640 shares during the period. Bank of Montreal Can bought a new stake in First Bancshares during the second quarter valued at about $42,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in First Bancshares during the fourth quarter valued at about $59,000. Finally, Meeder Asset Management Inc. bought a new stake in First Bancshares during the third quarter valued at about $107,000. 58.18% of the stock is owned by institutional investors and hedge funds.

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.

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