First Bancshares (FBMS) Receiving Somewhat Positive News Coverage, Analysis Shows
News coverage about First Bancshares (NASDAQ:FBMS) has trended somewhat positive on Sunday, Accern reports. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Bancshares earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.0981783696462 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
FBMS has been the topic of a number of research reports. Keefe, Bruyette & Woods restated a “buy” rating and set a $32.00 price objective on shares of First Bancshares in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded First Bancshares from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Tuesday, October 31st.
Shares of First Bancshares (NASDAQ:FBMS) opened at $33.60 on Friday. The stock has a market capitalization of $374.95, a P/E ratio of 29.22 and a beta of -0.24. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. First Bancshares has a 1 year low of $25.25 and a 1 year high of $34.30.
In other news, Director J Douglas Seidenburg acquired 3,000 shares of the stock in a transaction dated Tuesday, October 31st. The shares were acquired at an average cost of $29.00 per share, for a total transaction of $87,000.00. Following the completion of the transaction, the director now owns 100,740 shares in the company, valued at approximately $2,921,460. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have bought 4,250 shares of company stock worth $123,250. 11.76% of the stock is currently owned by company insiders.
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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