FBMS Stock 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
|Historical stock prices|
|Current Share Price||US$29.87|
|52 Week High||US$42.89|
|52 Week Low||US$26.95|
|1 Month Change||-0.47%|
|3 Month Change||2.09%|
|1 Year Change||-24.11%|
|3 Year Change||-4.99%|
|5 Year Change||-1.26%|
|Change since IPO||273.38%|
Recent News & Updates
First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To $0.19
The First Bancshares, Inc. ( NASDAQ:FBMS ) will increase its dividend from last year's comparable payment on the 25th...
|FBMS||US Banks||US Market|
Return vs Industry: FBMS exceeded the US Banks industry which returned -26.1% over the past year.
Return vs Market: FBMS matched the US Market which returned -23.2% over the past year.
|FBMS Average Weekly Movement||3.8%|
|Banks Industry Average Movement||3.4%|
|Market Average Movement||6.8%|
|10% most volatile stocks in US Market||15.5%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: FBMS is less volatile than 75% 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
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.
First Bancshares Fundamentals Summary
|FBMS fundamental statistics|
Is FBMS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FBMS income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||2.68|
|Net Profit Margin||32.77%|
How did FBMS perform over the long term?See historical performance and comparison
2.5%Current Dividend Yield
Is FBMS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FBMS?
Other financial metrics that can be useful for relative valuation.
|What is FBMS's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does FBMS's PE Ratio compare to its peers?
|FBMS PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
BFC Bank First
HAFC Hanmi Financial
FMBH First Mid Bancshares
HONE HarborOne Bancorp
FBMS First Bancshares
Price-To-Earnings vs Peers: FBMS is good value based on its Price-To-Earnings Ratio (11.1x) compared to the peer average (11.3x).
Price to Earnings Ratio vs Industry
How does FBMS's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: FBMS is expensive based on its Price-To-Earnings Ratio (11.1x) compared to the US Banks industry average (9.4x)
Price to Earnings Ratio vs Fair Ratio
What is FBMS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||11.1x|
|Fair PE Ratio||19.1x|
Price-To-Earnings vs Fair Ratio: FBMS is good value based on its Price-To-Earnings Ratio (11.1x) compared to the estimated Fair Price-To-Earnings Ratio (19.1x).
Share Price vs Fair Value
What is the Fair Price of FBMS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FBMS ($29.87) is trading below our estimate of fair value ($84.09)
Significantly Below Fair Value: FBMS is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is First Bancshares forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FBMS's forecast earnings growth (32.9% per year) is above the savings rate (1.9%).
Earnings vs Market: FBMS's earnings (32.9% per year) are forecast to grow faster than the US market (14.8% per year).
High Growth Earnings: FBMS's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FBMS's revenue (30.8% per year) is forecast to grow faster than the US market (7.7% per year).
High Growth Revenue: FBMS's revenue (30.8% per year) is forecast to grow faster than 20% 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 (11.9%).
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How has First Bancshares performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FBMS has high quality earnings.
Growing Profit Margin: FBMS's current net profit margins (32.8%) are higher than last year (32.4%).
Past Earnings Growth Analysis
Earnings Trend: FBMS's earnings have grown significantly by 34.4% per year over the past 5 years.
Accelerating Growth: FBMS's earnings growth over the past year (8.4%) is below its 5-year average (34.4% per year).
Earnings vs Industry: FBMS earnings growth over the past year (8.4%) underperformed the Banks industry 8.4%.
Return on Equity
High ROE: FBMS's Return on Equity (11.5%) is considered low.
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How is First Bancshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: FBMS's Assets to Equity ratio (10.8x) is moderate.
Allowance for Bad Loans: FBMS has a sufficient allowance for bad loans (137%).
Low Risk Liabilities: 97% 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 (51%).
Low Risk Deposits: FBMS's Loans to Deposits ratio (58%) is appropriate.
Level of Bad Loans: FBMS has an appropriate level of bad loans (0.8%).
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What is First Bancshares's current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
|First Bancshares Dividend Yield vs Market|
|Company (First Bancshares)||2.5%|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Banks)||3.4%|
|Analyst forecast in 3 Years (First Bancshares)||2.5%|
Notable Dividend: FBMS's dividend (2.54%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: FBMS's dividend (2.54%) is low compared to the top 25% of dividend payers in the US market (4.73%).
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
Earnings Coverage: With its low payout ratio (22.6%), 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 (21.7% payout ratio).
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Hoppy Cole (60 yo)
Mr. Milton Ray Cole, Jr., also known as Hoppy, has been the President of First BancShares Inc. since August 8, 2005 and The First Bank since 2009. He serves as Chairman of The First Bank and The First Banc...
CEO Compensation Analysis
|Hoppy Cole's Compensation vs First Bancshares Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$2m||US$581k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$2m||US$523k|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||US$1m||US$469k|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||US$894k||US$413k|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||US$837k||US$386k|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||US$1m||US$360k|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||n/a||n/a|
|Dec 31 2015||US$499k||US$310k|
Compensation vs Market: Hoppy's total compensation ($USD1.68M) is below average for companies of similar size in the US market ($USD4.14M).
Compensation vs Earnings: Hoppy's compensation has been consistent with company performance over the past year.
Experienced Management: FBMS's management team is seasoned and experienced (15.2 years average tenure).
Experienced Board: FBMS's board of directors are seasoned and experienced ( 24.8 years average tenure).
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
|11 Feb 22||BuyUS$37,500||Ted Parker||Individual||1,000||US$37.50|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.3%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
The First Bancshares, Inc.'s employee growth, exchange listings and data sources
- Name: The First Bancshares, Inc.
- Ticker: FBMS
- Exchange: NasdaqGM
- Founded: 1995
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$717.720m
- Shares outstanding: 24.03m
- Website: https://www.thefirstbank.com
Number of Employees
- The First Bancshares, Inc.
- 6480 U.S. Highway 98 West
- Suite A
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FBMS||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Jan 2003|
|3RY||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 2003|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/02 00:00|
|End of Day Share Price||2022/09/30 00:00|
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.