First Bancshares (FBMS) Downgraded by BidaskClub to “Sell”

First Bancshares (NASDAQ:FBMS) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Other research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reissued a “buy” rating and set a $39.00 price objective on shares of First Bancshares in a report on Friday, December 22nd. Zacks Investment Research raised First Bancshares from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Tuesday, October 31st. Finally, ValuEngine raised First Bancshares from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.

First Bancshares (FBMS) opened at $33.20 on Wednesday. The stock has a market capitalization of $370.15, a price-to-earnings ratio of 28.87 and a beta of -0.29. First Bancshares has a twelve month low of $26.05 and a twelve month high of $35.10. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86.

First Bancshares (NASDAQ:FBMS) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.05. First Bancshares had a return on equity of 9.20% and a net margin of 14.14%. equities research analysts anticipate that First Bancshares will post 1.77 EPS for the current year.

In related news, Director J Douglas Seidenburg acquired 3,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was bought at an average cost of $29.00 per share, with a total value of $87,000.00. Following the completion of the acquisition, the director now owns 100,740 shares in the company, valued at $2,921,460. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders have acquired 4,250 shares of company stock valued at $123,250. Company insiders own 8.08% of the company’s stock.

Large investors have recently made changes to their positions in the company. Nationwide Fund Advisors acquired a new stake in shares of First Bancshares in the second quarter valued at $128,000. Macquarie Group Ltd. acquired a new stake in shares of First Bancshares in the third quarter valued at $170,000. Rhumbline Advisers acquired a new stake in shares of First Bancshares in the second quarter valued at $246,000. New York State Common Retirement Fund acquired a new stake in shares of First Bancshares in the second quarter valued at $251,000. Finally, SG Americas Securities LLC acquired a new stake in shares of First Bancshares in the third quarter valued at $370,000. Institutional investors own 48.86% of the company’s stock.

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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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