Somewhat Favorable Press Coverage Somewhat Unlikely to Affect The First Bancshares (FBMS) Share Price
Media stories about The First Bancshares (NASDAQ:FBMS) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The First Bancshares earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.1780067810536 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- First US Bancshares (FUSB) Reports Relocation of Headquarters to Birmingham (streetinsider.com)
- ServisFirst Bancshares earns the Sandler O’Neill Sm-All Stars award (mdjonline.com)
- FIRST US BANCSHARES INC : Other Events, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- First US Bancshares, Inc. Announces Relocation of Headquarters to Birmingham (nasdaq.com)
- Home BancShares completes acquisition of Stonegate Bank (bizjournals.com)
Shares of The First Bancshares (NASDAQ FBMS) opened at 30.15 on Friday. The firm has a market capitalization of $275.72 million, a PE ratio of 29.85 and a beta of -0.31. The First Bancshares has a 52-week low of $17.10 and a 52-week high of $30.80. The stock has a 50 day moving average price of $27.94 and a 200-day moving average price of $27.99.
A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods upgraded The First Bancshares from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $31.00 to $30.00 in a research note on Thursday, July 27th. Zacks Investment Research downgraded The First Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th.
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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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