Hovde Group downgraded First Bancshares from Outperform to Market Perform and set a new price target of $35.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/24/2024 | Buy → Neutral | Janney | |
| 8/2/2024 | $31.00 → $40.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 7/29/2024 | $29.00 → $32.50 | Market Perform | Hovde Group |
| 5/6/2024 | $29.50 → $28.00 | Market Perform | Hovde Group |
| 8/29/2023 | $34.00 | Neutral → Buy | DA Davidson |
| 1/4/2023 | $35.00 | Outperform → Market Perform | Hovde Group |
| 11/9/2022 | $33.50 → $39.00 | Neutral → Buy | Janney |
| 10/31/2022 | $38.00 | Market Perform → Outperform | Hovde Group |
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 million provision for credit losses for the quarter ended September 30, 2024 and $1.7 million provision for credit losses for the quarter ended June 30, 2024. Excluding one-time items detailed in the tables located in the appendix o
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 receipt of required regulatory approvals. About The First Bancshares, Inc. The First Bancshares, Inc., headquartered in Hattiesburg, Mississippi, is the parent company of The First Bank. Founded in 1996, The First Bank has operations in Missi
Announces Five-Year Community Benefit Plan Renasant Corporation (NYSE:RNST) ("Renasant") and The First Bancshares, Inc. ("The First") (NYSE:FBMS) jointly announced today that they have entered into a definitive agreement and plan of merger, pursuant to which The First will merge with and into Renasant (the "Merger") in an all-stock transaction valued at approximately $1.2 billion, based on Renasant's closing stock price as of July 26, 2024. The Merger has been approved unanimously by each company's board of directors and is expected to close in the first half of 2025. Completion of the transaction is subject to customary closing conditions, including the receipt of required regulatory app
10-Q - FIRST BANCSHARES INC /MS/ (0000947559) (Filer)
8-K - FIRST BANCSHARES INC /MS/ (0000947559) (Filer)
8-K - FIRST BANCSHARES INC /MS/ (0000947559) (Filer)
First Bancshares (NASDAQ:FBMS) reported quarterly earnings of $0.63 per share which beat the analyst consensus estimate of $0.58 by 8.62 percent. The company reported quarterly sales of $57.794 million which beat the analyst consensus estimate of $57.136 million by 1.15 percent. This is a 12.47 percent decrease over sales of $66.030 million the same period last year.
The First Bancshares' common stock is expected to begin trading on the NYSE on Thursday, May 30, 2024, under the ticker symbol of "FBMS." The First Bancshares expects its common stock to continue to trade on Nasdaq until the close of the market on May 29, 2024.
First Bancshares (NASDAQ:FBMS) reported quarterly earnings of $0.65 per share which beat the analyst consensus estimate of $0.59 by 10.17 percent. This is a 24.42 percent decrease over earnings of $0.86 per share from the same period last year. The company reported quarterly sales of $57.341 million which missed the analyst consensus estimate of $59.927 million by 4.32 percent. This is a 11.68 percent decrease over sales of $64.926 million the same period last year.
Janney downgraded First Bancshares from Buy to Neutral
Keefe Bruyette upgraded First Bancshares from Mkt Perform to Outperform and set a new price target of $40.00 from $31.00 previously
Hovde Group reiterated coverage of First Bancshares with a rating of Market Perform and set a new price target of $32.50 from $29.00 previously
SC 13G/A - FIRST BANCSHARES INC /MS/ (0000947559) (Subject)
SC 13G/A - FIRST BANCSHARES INC /MS/ (0000947559) (Subject)
SC 13G/A - FIRST BANCSHARES INC /MS/ (0000947559) (Subject)
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 million provision for credit losses for the quarter ended September 30, 2024 and $1.7 million provision for credit losses for the quarter ended June 30, 2024. Excluding one-time items detailed in the tables located in the appendix o
Announces Five-Year Community Benefit Plan Renasant Corporation (NYSE:RNST) ("Renasant") and The First Bancshares, Inc. ("The First") (NYSE:FBMS) jointly announced today that they have entered into a definitive agreement and plan of merger, pursuant to which The First will merge with and into Renasant (the "Merger") in an all-stock transaction valued at approximately $1.2 billion, based on Renasant's closing stock price as of July 26, 2024. The Merger has been approved unanimously by each company's board of directors and is expected to close in the first half of 2025. Completion of the transaction is subject to customary closing conditions, including the receipt of required regulatory app
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 June 30, 2024. Highlights for the Quarter: Net income available to common shareholders totaled $19.7 million for the quarter ended June 30, 2024, representing a decrease of 4.5% when compared to $20.6 million for the quarter ended March 31, 2024. The Company recorded $1.7 million provision for credit losses for the quarter ended June 30, 2024 and no provision for credit losses for the quarter ended March 31, 2024. Pre-tax pre-provision operating earnings (non-GAAP) totaled $27.4 million for the quarter en
4 - FIRST BANCSHARES INC /MS/ (0000947559) (Issuer)
4 - FIRST BANCSHARES INC /MS/ (0000947559) (Issuer)
4 - FIRST BANCSHARES INC /MS/ (0000947559) (Issuer)
The First Bancshares, Inc. (NASDAQ:FBMS) ("First Bancshares" or the "Company"), the holding company for The First Bank, announced today that M. Ray "Hoppy" Cole, Jr., the Chief Executive Officer of First Bancshares, assumed the additional position of Chairman of the Board of Directors of each of First Bancshares and The First Bank, effective August 18, 2022. E. Ricky Gibson, the former Chairman of the Board of First Bancshares, will continue to serve as a member of the Board of Directors of each of First Bancshares and The First Bank, and Ted E. Parker has been appointed to serve as Lead Independent Director, effective as of August 18, 2022. Mr. Cole said, "Ricky has been an integral part