First BancsharesFBMS
FBMS
About: First Bancshares Inc operates as a bank holding company. It offers various products and services such as deposit, including checking accounts, savings accounts, and time deposits account for individuals, businesses, associations and organizations, and governmental authorities. It also provides commercial and personal loans, including secured and unsecured loans, consumer loans, and loans for business expansion and purchase of equipment and machinery, and residential mortgage loans. The bank renders services like financial and wealth management, online internet banking, voice response telephone inquiry, safe deposit boxes, traveler's checks, and mobile deposit, and others. It operates in the Commercial/Retail Bank, Mortgage Banking, and Holding company segments.
Employees: 1,078
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
110% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 20
24% more capital invested
Capital invested by funds: $567M [Q2] → $702M (+$135M) [Q3]
17% more funds holding
Funds holding: 128 [Q2] → 150 (+22) [Q3]
0.18% less ownership
Funds ownership: 68.91% [Q2] → 68.73% (-0.18%) [Q3]
12% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 41
33% less funds holding in top 10
Funds holding in top 10: 6 [Q2] → 4 (-2) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$45
29%
upside
Avg. target
$45
29%
upside
High target
$45
29%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Keefe, Bruyette & Woods Catherine Mealor 57% 1-year accuracy 20 / 35 met price target | 29%upside $45 | Outperform Maintained | 4 Dec 2024 |
Financial journalist opinion
Positive
Zacks Investment Research
2 months ago
The First Bancshares (FBMS) Tops Q3 Earnings Estimates
The First Bancshares (FBMS) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.76 per share a year ago.
Neutral
Business Wire
2 months ago
The First Bancshares, Inc. Reports Results for Third Quarter Ended September 30, 2024
HATTIESBURG, Miss.--(BUSINESS WIRE)--The First Bancshares, Inc. (“FBMS” or “the Company”) (NYSE: FBMS), holding company for The First Bank, (www.thefirstbank.com) reported today financial results for the quarter ended September 30, 2024. Highlights for the Quarter: Net income available to common shareholders totaled $18.6 million for the quarter ended September 30, 2024, representing a decrease of 5.7% when compared to $19.7 million for the quarter ended June 30, 2024. The Company recorded $1.0.
Neutral
Business Wire
2 months ago
The First Bancshares, Inc. Announces Receipt of Shareholder Approval for Merger
HATTIESBURG, Miss.--(BUSINESS WIRE)--The First Bancshares, Inc. (“The First”) (NYSE: FBMS), holding company for The First Bank, (www.thefirstbank.com), announced today that the previously announced merger between The First and Renasant Corporation (“Renasant”), pursuant to the Agreement and Plan of Merger, dated as of July 29, 2024, (the “Merger Agreement”), has been approved by its shareholders. Completion of the transaction remains subject to customary closing conditions, including the receip.
Neutral
Accesswire
2 months ago
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Mergers and Upcoming Votes of PETQ and FBMS
NEW YORK, NY / ACCESSWIRE / October 9, 2024 / Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating: PetIQ, Inc. (Nasdaq: PETQ ), relating to its proposed merger with Bansk Group.
Neutral
Accesswire
2 months ago
STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Mergers and Imminent Votes of PETQ and FBMS
NEW YORK, NY / ACCESSWIRE / October 8, 2024 / Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating: PetIQ, Inc. (NASDAQ: PETQ ), relating to its proposed merger with Bansk Group.
Neutral
Accesswire
2 months ago
STOCKHOLDER ALERT: The M&A Class Action Firm Investigates the Mergers and Imminent Votes of PETQ and FBMS
NEW YORK, NY / ACCESSWIRE / October 7, 2024 / Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating: PetIQ, Inc. (Nasdaq: PETQ ), relating to its proposed merger with Bansk Group.
Neutral
Business Wire
2 months ago
THE FIRST BANCSHARES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The First Bancshares, Inc. - FBMS
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of The First Bancshares, Inc. (NYSE: FBMS) to Renasant Corporation (NYSE: RNST). Under the terms of the proposed transaction, shareholders of First will receive 1.00 share of Renasant for each share of First that they own. KSF is seeking to determine whether this consideration and the process that led to it are a.
Neutral
Business Wire
3 months ago
FBMS Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of The First Bancshares, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of The First Bancshares, Inc. (NYSE: FBMS) to Renasant Corporation for 1.00 share of Renasant common stock for each share of First Bancshares common stock is fair to First Bancshares shareholders. Halper Sadeh encourages First Bancshares shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halper.
Positive
Zacks Investment Research
4 months ago
The First Bancshares (FBMS) Upgraded to Buy: What Does It Mean for the Stock?
The First Bancshares (FBMS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Neutral
GlobeNewsWire
4 months ago
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of The First Bancshares, Inc. – FBMS
NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating The First Bancshares, Inc . ( NYSE: FBMS ) , relating to its proposed merger with Renasant Corp. Under the terms of the agreement, each share of First Bancshares stock will be converted into the right to receive 1 share of Renasant common stock.
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