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.
Very undervalued with solid track record and pays a dividend.
Share Price & News
How has First Bancshares's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FBMS's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FBMS underperformed the US Banks industry which returned -21.3% over the past year.
Return vs Market: FBMS underperformed the US Market which returned 8.5% over the past year.
Price Volatility Vs. Market
How volatile is First Bancshares's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StThe First Bancshares, Inc. (NASDAQ:FBMS) Is An Attractive Dividend Stock - Here's Why
2 weeks ago | Simply Wall StThe First Bancshares (NASDAQ:FBMS) Share Price Is Down 44% So Some Shareholders Are Getting Worried
4 weeks ago | Simply Wall StShould You Buy The First Bancshares, Inc. (NASDAQ:FBMS) For Its Upcoming Dividend In 2 Days?
Is First Bancshares undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FBMS ($22.5) is trading below our estimate of fair value ($36.61)
Significantly Below Fair Value: FBMS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FBMS is good value based on its PE Ratio (9x) compared to the Banks industry average (9.6x).
PE vs Market: FBMS is good value based on its PE Ratio (9x) compared to the US market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: FBMS is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: FBMS is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (0.8x).
How is First Bancshares forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FBMS's forecast earnings growth (16.3% per year) is above the savings rate (2.2%).
Earnings vs Market: FBMS's earnings (16.3% per year) are forecast to grow slower than the US market (22.1% per year).
High Growth Earnings: FBMS's earnings are forecast to grow, but not significantly.
Revenue vs Market: FBMS's revenue (1.5% per year) is forecast to grow slower than the US market (8.9% per year).
High Growth Revenue: FBMS's revenue (1.5% per year) is forecast to grow slower 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 (8.2%).
How has First Bancshares performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FBMS has high quality earnings.
Growing Profit Margin: FBMS's current net profit margins (30.2%) are higher than last year (21.6%).
Past Earnings Growth Analysis
Earnings Trend: FBMS's earnings have grown significantly by 40.4% per year over the past 5 years.
Accelerating Growth: FBMS's earnings growth over the past year (77.8%) exceeds its 5-year average (40.4% per year).
Earnings vs Industry: FBMS earnings growth over the past year (77.8%) exceeded the Banks industry 2.8%.
Return on Equity
High ROE: FBMS's Return on Equity (8%) is considered low.
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
Financial Institutions Analysis
Asset Level: FBMS's Assets to Equity ratio (7.3x) is low.
Allowance for Bad Loans: FBMS has a low allowance for bad loans (55%).
Low Risk Liabilities: 93% 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 (64%).
Low Risk Deposits: FBMS's Loans to Deposits ratio (79%) is appropriate.
Level of Bad Loans: FBMS has an appropriate level of bad loans (1.4%).
What is First Bancshares's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FBMS's dividend (1.78%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: FBMS's dividend (1.78%) is low compared to the top 25% of dividend payers in the US market (4.48%).
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 (14.5%), FBMS's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FBMS's dividends in 3 years are forecast to be well covered by earnings (16.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Hoppy Cole (57yo)
Mr. Milton Ray Cole, Jr., also known as Hoppy, has been the President of First BancShares Inc. since August 8, 2005. Mr. Cole has been the Chief Executive Officer of First Bancshares Inc. and The First, A ...
CEO Compensation Analysis
Compensation vs Market: Hoppy's total compensation ($USD1.10M) is below average for companies of similar size in the US market ($USD2.21M).
Compensation vs Earnings: Hoppy's compensation has increased by more than 20% in the past year.
|Vice Chairman||10.75yrs||US$1.10m||0.38% $1.8m|
|Executive VP & CFO||no data||US$483.70k||0.18% $845.8k|
|Executive VP & COO||9.42yrs||no data||no data|
|Compliance Officer & Compliance Officer of The First||no data||no data||no data|
|Vice President of Human Resource||no data||no data||no data|
|VP & Corporate Secretary||no data||no data||no data|
|President of Southern Region - The First||no data||US$261.45k||no data|
|President of Northern Region - The First||no data||US$260.81k||no data|
|Credit Administrator of The First||no data||US$179.88k||no data|
|Chief Retail Banking Officer & Executive VP of The First||10.83yrs||US$246.17k||no data|
Experienced Management: FBMS's management team is seasoned and experienced (10.8 years average tenure).
|Vice Chairman||10.75yrs||US$1.10m||0.38% $1.8m|
|Independent Director||22.42yrs||US$78.06k||0.45% $2.2m|
|Independent Director||25.42yrs||US$72.06k||0.25% $1.2m|
|Independent Director||25.42yrs||US$69.36k||0.60% $2.9m|
|Independent Director||25.42yrs||US$71.11k||0.41% $2.0m|
|Independent Director||25.42yrs||US$72.41k||0.40% $1.9m|
|Independent Chairman of the Board||9.83yrs||US$164.15k||0.47% $2.3m|
|Independent Director||17.42yrs||US$87.86k||0.43% $2.1m|
|Independent Director||3.08yrs||US$63.91k||0.025% $118.1k|
|Independent Director||3.08yrs||US$69.21k||0.029% $140.6k|
Experienced Board: FBMS's board of directors are seasoned and experienced ( 22.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FBMS insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 24.6%.
The First Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: The First Bancshares, Inc.
- Ticker: FBMS
- Exchange: NasdaqGM
- Founded: 1995
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$481.471m
- Shares outstanding: 21.40m
- 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|
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 accounts. The company also provides commercial loans comprising secured and unsecured loans for working capital, business expansion, and purchase of equipment and machinery; consumer loans consisting of equity lines of credit, as well as secured and unsecured loans for financing automobiles, home improvements, education, and personal investments; and real estate construction and acquisition loans. In addition, it originates loans to purchase existing residential homes or construct new homes, and to refinance existing mortgages; and provides financial and wealth management services. Further, the company offers internet banking services, automated teller machines, voice response telephone inquiry services, commercial sweep accounts, cash management services, safe deposit boxes, merchant, mobile deposit, direct deposit of payroll and social security checks, automatic drafts for various accounts, and credit card services. It primarily serves small to medium-sized businesses, professional concerns, individuals, associations and organizations, and governmental authorities. As of December 31, 2019, the company operated through its main office and 72 full-service branches, one motor branch, and four loan production offices in Mississippi, Alabama, Louisiana, Florida, and Georgia. The First Bancshares, Inc. was incorporated in 1995 and is headquartered in Hattiesburg, Mississippi.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/04 02:18|
|End of Day Share Price||2020/06/03 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.