FBMS

First BancsharesNasdaqGM:FBMS Stock Report

Market Cap

US$838.5m

7D

2.1%

1Y

84.7%

Updated

18 Sep, 2021

Data

Company Financials +
FBMS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends5/6

FBMS Overview

The First Bancshares, Inc. operates as the bank holding company for The First, A National Banking Association that provides general commercial and retail banking services.

First Bancshares Competitors

Price History & Performance

Summary of all time highs, changes and price drops for First Bancshares
Historical stock prices
Current Share PriceUS$39.89
52 Week HighUS$19.50
52 Week LowUS$41.41
Beta1.15
1 Month Change5.39%
3 Month Change8.60%
1 Year Change84.68%
3 Year Change-0.65%
5 Year Change118.59%
Change since IPO398.63%

Recent News & Updates

Jul 30
First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To US$0.15

First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To US$0.15

The First Bancshares, Inc.'s ( NASDAQ:FBMS ) dividend will be increasing to US$0.15 on 25th of August. This takes the...

Jun 09
Does First Bancshares (NASDAQ:FBMS) Deserve A Spot On Your Watchlist?

Does First Bancshares (NASDAQ:FBMS) Deserve A Spot On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

May 14
Most Shareholders Will Probably Find That The CEO Compensation For The First Bancshares, Inc. (NASDAQ:FBMS) Is Reasonable

Most Shareholders Will Probably Find That The CEO Compensation For The First Bancshares, Inc. (NASDAQ:FBMS) Is Reasonable

CEO Hoppy Cole has done a decent job of delivering relatively good performance at The First Bancshares, Inc...

Shareholder Returns

FBMSUS BanksUS Market
7D2.1%0.9%-0.6%
1Y84.7%63.3%33.8%

Return vs Industry: FBMS exceeded the US Banks industry which returned 63.3% over the past year.

Return vs Market: FBMS exceeded the US Market which returned 33.8% over the past year.

Price Volatility

Is FBMS's price volatile compared to industry and market?
FBMS volatility
FBMS Beta1.15
Industry Beta1.37
Market Beta1

Stable Share Price: FBMS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FBMS's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1995744Hoppy Colehttps://www.thefirstbank.com

The First Bancshares, Inc. operates as the bank holding company for The First, A National Banking Association that provides general commercial and retail banking services. The company operates through three segments: Commercial/Retail Bank, Mortgage Banking Division, and Holding Company. It offers deposit services, including checking, NOW, and savings accounts; other time deposits, such as daily money market accounts and longer-term certificates of deposit; and individual retirement and health savings accounts.

Valuation

Is First Bancshares undervalued compared to its fair value and its price relative to the market?

31.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FBMS ($39.89) is trading below our estimate of fair value ($58.14)

Significantly Below Fair Value: FBMS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FBMS is poor value based on its PE Ratio (14.1x) compared to the US Banks industry average (10.8x).

PE vs Market: FBMS is good value based on its PE Ratio (14.1x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: FBMS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: FBMS is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.1x).


Future Growth

How is First Bancshares forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-1.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FBMS's earnings are forecast to decline over the next 3 years (-1.7% per year).

Earnings vs Market: FBMS's earnings are forecast to decline over the next 3 years (-1.7% per year).

High Growth Earnings: FBMS's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FBMS's revenue is expected to decline over the next 3 years (-0.2% per year).

High Growth Revenue: FBMS's revenue is forecast to decline over the next 3 years (-0.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FBMS's Return on Equity is forecast to be low in 3 years time (8.5%).


Past Performance

How has First Bancshares performed over the past 5 years?

41.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FBMS has high quality earnings.

Growing Profit Margin: FBMS's current net profit margins (32.4%) are lower than last year (32.8%).


Past Earnings Growth Analysis

Earnings Trend: FBMS's earnings have grown significantly by 41.7% per year over the past 5 years.

Accelerating Growth: FBMS's earnings growth over the past year (20.5%) is below its 5-year average (41.7% per year).

Earnings vs Industry: FBMS earnings growth over the past year (20.5%) underperformed the Banks industry 36%.


Return on Equity

High ROE: FBMS's Return on Equity (9%) is considered low.


Financial Health

How is First Bancshares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: FBMS's Assets to Equity ratio (8.3x) is low.

Allowance for Bad Loans: FBMS has a sufficient allowance for bad loans (117%).

Low Risk Liabilities: 96% of FBMS's liabilities are made up of primarily low risk sources of funding.

Loan Level: FBMS has an appropriate level of Loans to Assets ratio (55%).

Low Risk Deposits: FBMS's Loans to Deposits ratio (64%) is appropriate.

Level of Bad Loans: FBMS has an appropriate level of bad loans (0.9%).


Dividend

What is First Bancshares's current dividend yield, its reliability and sustainability?

1.50%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FBMS's dividend (1.5%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: FBMS's dividend (1.5%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: FBMS's dividends per share have been stable in the past 10 years.

Growing Dividend: FBMS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.2%), FBMS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FBMS's dividends in 3 years are forecast to be well covered by earnings (22.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.0yrs

Average management tenure


CEO

Hoppy Cole (59 yo)

12yrs

Tenure

US$1,586,035

Compensation

Mr. Milton Ray Cole, Jr., also known as Hoppy, has been the President of First BancShares Inc. since August 8, 2005 and First, A National Banking Association since 2009. Mr. Cole has been the Chief Executi...


CEO Compensation Analysis

Compensation vs Market: Hoppy's total compensation ($USD1.59M) is below average for companies of similar size in the US market ($USD2.33M).

Compensation vs Earnings: Hoppy's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: FBMS's management team is seasoned and experienced (12 years average tenure).


Board Members

Experienced Board: FBMS's board of directors are seasoned and experienced ( 21.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The First Bancshares, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: The First Bancshares, Inc.
  • Ticker: FBMS
  • Exchange: NasdaqGM
  • Founded: 1995
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$838.504m
  • Shares outstanding: 21.02m
  • Website: https://www.thefirstbank.com

Number of Employees


Location

  • The First Bancshares, Inc.
  • 6480 U.S. Highway 98 West
  • Suite A
  • Hattiesburg
  • Mississippi
  • 39402
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 22:03
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.