The stock of First Bancshares Inc (NASDAQ:FBMS) hit a new 52-week high and has $26.50 target or 6.00% above today’s $25.00 share price. The 5 months bullish chart indicates low risk for the $138.81M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $26.50 price target is reached, the company will be worth $8.33M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 11,087 shares traded hands or 360.61% up from the average. First Bancshares Inc (NASDAQ:FBMS) has risen 48.97% since April 28, 2016 and is uptrending. It has outperformed by 43.04% the S&P500.
Analysts await First Bancshares Inc (NASDAQ:FBMS) to report earnings on January, 26. They expect $0.30 EPS, down 25.00% or $0.10 from last year’s $0.4 per share. FBMS’s profit will be $1.67 million for 20.83 P/E if the $0.30 EPS becomes a reality. After $0.48 actual EPS reported by First Bancshares Inc for the previous quarter, Wall Street now forecasts -37.50% negative EPS growth.
According to Zacks Investment Research, “The FIRST BANCSHARES, INC., headquartered in Hattiesburg, Mississippi, is the parent company of The First, A National Banking Association. The First is now ranked in the top twenty banks by asset size in Mississippi. The First has operations in Hattiesburg, Laurel, Purvis, Picayune, Pascagoula, Bay St. Louis, Wiggins and Gulfport, Mississippi. The Company and its subsidiary bank engage in a general commercial and retail banking business characterized by personalized service and local decision-making, emphasizing the banking needs of small to medium-sized businesses, professional concerns and individuals. The products and services offered by the bank include deposit services, loan products, mortgage loan divisions and other services.”
Insitutional Activity: The institutional sentiment decreased to 2.33 in Q2 2016. Its down 0.42, from 2.75 in 2016Q1. The ratio dropped, as 3 funds sold all First Bancshares Inc shares owned while 1 reduced positions. 2 funds bought stakes while 9 increased positions. They now own 2.05 million shares or 1.29% more from 2.02 million shares in 2016Q1.
Banc Funds Co Lc last reported 483,491 shares in the company. Bridgeway Cap Management accumulated 47,194 shares or 0.01% of the stock. Acadian Asset Management Lc accumulated 0% or 124 shares. Tower Cap Ltd (Trc) has invested 0% of its portfolio in First Bancshares Inc (NASDAQ:FBMS). Moreover, Jcsd Limited Company has 5.52% invested in First Bancshares Inc (NASDAQ:FBMS) for 291,335 shares. Pacific Ridge Ptnrs Limited Liability Corp accumulated 0.43% or 54,421 shares. Mendon Advisors has invested 0.67% of its portfolio in First Bancshares Inc (NASDAQ:FBMS). Rmb Mgmt Ltd Liability Corp holds 168,950 shares or 0.15% of its portfolio. Manufacturers Life Ins The has 210,000 shares for 0.01% of their US portfolio. Vanguard Grp accumulated 0% or 86,109 shares. Lsv Asset Management accumulated 0% or 13,111 shares. Royal Bank Of Canada last reported 0% of its portfolio in the stock. Moreover, Federated Investors Incorporated Pa has 0% invested in First Bancshares Inc (NASDAQ:FBMS) for 201 shares. Dimensional Fund Lp reported 20,239 shares or 0% of all its holdings. Blackrock Fund Advsr last reported 926 shares in the company.
Insider Transactions: Since October 14, 2016, the stock had 8 buys, and 0 sales for $1.48 million net activity. $249,991 worth of First Bancshares Inc (NASDAQ:FBMS) was bought by SEIDENBURG J DOUGLAS on Friday, October 14. $100,004 worth of First Bancshares Inc (NASDAQ:FBMS) was bought by STETELMAN ANDREW D. 3,775 shares were bought by GIBSON E RICKY, worth $67,006. 5,634 shares were bought by MCMURRY FRED A, worth $100,004. LIGHTSEY CHARLES R bought $500,000 worth of First Bancshares Inc (NASDAQ:FBMS) on Friday, October 14. PARKER TED E bought $174,997 worth of stock. COLE M RAY JR had bought 2,000 shares worth $35,500.
More news for First Bancshares Inc (NASDAQ:FBMS) were recently published by: Prnewswire.com, which released: “Lifshitz & Miller Law Firm Files Class Action Lawsuit against The First …” on December 01, 2016. Businesswire.com‘s article titled: “The First Bancshares, Inc. Announces the Acquisition of Iberville Bank and …” and published on October 14, 2016 is yet another important article.
FBMS Company Profile
The First Bancshares, Inc., incorporated on June 23, 1995, is a bank holding firm for The First, A National Banking Association (the Bank) located in Hattiesburg, Mississippi. The Firm 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.