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. More Details
Flawless balance sheet established dividend payer.
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 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.
7 Day Return
1 Year Return
Return vs Industry: FBMS exceeded the US Banks industry which returned 59% over the past year.
Return vs Market: FBMS exceeded the US Market which returned 37.8% over the past year.
Long-Term 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
1 month ago | Simply Wall StDoes First Bancshares (NASDAQ:FBMS) Deserve A Spot On Your Watchlist?
2 months ago | Simply Wall StMost Shareholders Will Probably Find That The CEO Compensation For The First Bancshares, Inc. (NASDAQ:FBMS) Is Reasonable
2 months ago | Simply Wall StShould You Buy The First Bancshares, Inc. (NASDAQ:FBMS) For Its Upcoming Dividend?
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 ($37.52) is trading below our estimate of fair value ($61.6)
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 (13.1x) compared to the US Banks industry average (11.1x).
PE vs Market: FBMS is good value based on its PE Ratio (13.1x) compared to the US market (18.5x).
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 (1.2x) compared to the US Banks industry average (1.1x).
How is First Bancshares forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
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 (-2.4% per year).
Earnings vs Market: FBMS's earnings are forecast to decline over the next 3 years (-2.4% 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 (-0.3% per year).
High Growth Revenue: FBMS's revenue is forecast to decline over the next 3 years (-0.3% 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 (9.1%).
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 (34.4%) are higher than last year (30.2%).
Past Earnings Growth Analysis
Earnings Trend: FBMS's earnings have grown significantly by 42.5% per year over the past 5 years.
Accelerating Growth: FBMS's earnings growth over the past year (37%) is below its 5-year average (42.5% per year).
Earnings vs Industry: FBMS earnings growth over the past year (37%) exceeded the Banks industry 28.4%.
Return on Equity
High ROE: FBMS's Return on Equity (9.4%) 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 (8.5x) is low.
Allowance for Bad Loans: FBMS has a sufficient allowance for bad loans (109%).
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 (56%).
Low Risk Deposits: FBMS's Loans to Deposits ratio (65%) is appropriate.
Level of Bad Loans: FBMS has an appropriate level of bad loans (1%).
What is First Bancshares's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FBMS's dividend (1.49%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: FBMS's dividend (1.49%) is low compared to the top 25% of dividend payers in the US market (3.53%).
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 (17.1%), 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 (19.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Hoppy Cole (59 yo)
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 ($USD2.41M).
Compensation vs Earnings: Hoppy's compensation has increased by more than 20% in the past year.
Experienced Management: FBMS's management team is seasoned and experienced (11.8 years average tenure).
Experienced Board: FBMS's board of directors are seasoned and experienced ( 21 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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
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$788.623m
- Shares outstanding: 21.02m
- Website: https://www.thefirstbank.com
Number of Employees
- The First Bancshares, Inc.
- 6480 U.S. Highway 98 West
- Suite A
- United States
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 thre...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/28 00:29|
|End of Day Share Price||2021/07/27 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.