First Bancshares (NYSE:FBMS) - Stock Price, News & Analysis

FBMS Stock Overview

Operates as the bank holding company for The First Bank that provides general commercial and retail banking services.

FBMS fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	3/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 52.4% below our estimate of its fair value

Earnings are forecast to grow 6.47% per year

Earnings grew by 7.6% over the past year

Pays a reliable dividend of 3.26%

Risk Analysis

No risks detected for FBMS from our risk checks.

The First Bancshares, Inc. Competitors

Bank First

NasdaqCM:BFC

US$959.2m

First Mid Bancshares

NasdaqGM:FMBH

US$941.8m

Amalgamated Financial

NasdaqGM:AMAL

US$986.6m

CrossFirst Bankshares

NasdaqGS:CFB

US$920.0m

Price History & Performance

Summary of all time highs, changes and price drops for First Bancshares
Historical stock prices
Current Share Price	US$30.63
52 Week High	US$32.06
52 Week Low	US$22.96
Beta	0.92
11 Month Change	17.90%
3 Month Change	27.94%
1 Year Change	-2.17%
33 Year Change	-20.26%
5 Year Change	-4.52%
Change since IPO	282.88%

First Bancshares' (NYSE:FBMS) Dividend Will Be $0.25

Jul 28

Recent updates

First Bancshares' (NYSE:FBMS) Dividend Will Be $0.25

Jul 28

First Bancshares (NASDAQ:FBMS) Has Announced That It Will Be Increasing Its Dividend To $0.24

Oct 29

First Bancshares' (NASDAQ:FBMS) Upcoming Dividend Will Be Larger Than Last Year's

Apr 30

First Bancshares' (NASDAQ:FBMS) Shareholders Will Receive A Bigger Dividend Than Last Year

Jan 29

First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To US$0.16

Oct 28

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

Jul 30

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

Jun 09

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

May 14

Don't Ignore The Fact That This Insider Just Sold Some Shares In The First Bancshares, Inc. (NASDAQ:FBMS)

Feb 24

Is It Smart To Buy The First Bancshares, Inc. (NASDAQ:FBMS) Before It Goes Ex-Dividend?

Feb 04

Is The First Bancshares, Inc. (NASDAQ:FBMS) An Attractive Dividend Stock?

Jan 27

How Is First Bancshares' (NASDAQ:FBMS) CEO Paid Relative To Peers?

Dec 26

The First Bancshares announces $30M buyback program

Dec 16

Shareholder Returns

	FBMS	US Banks	US Market
7D	4.0%	0.3%	-1.7%
1Y	-2.2%	27.4%	16.9%

Return vs Industry: FBMS underperformed the US Banks industry which returned 28.9% over the past year.

Return vs Market: FBMS underperformed the US Market which returned 16.9% over the past year.

Price Volatility

Is FBMS's price volatile compared to industry and market?
FBMS volatility
FBMS Average Weekly Movement	3.8%
Banks Industry Average Movement	4.3%
Market Average Movement	6.0%
10% most volatile stocks in US Market	14.8%
10% least volatile stocks in US Market	3.0%

Stable Share Price: FBMS has not had significant price volatility in the past 3 months.

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

About the Company

Founded	Employees	CEO	Website
1995	1,078	Hoppy Cole	www.thefirstbank.com

The First Bancshares, Inc. operates as the bank holding company for The First Bank 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.

The First Bancshares, Inc. Fundamentals Summary

How do First Bancshares's earnings and revenue compare to its market cap?
FBMS fundamental statistics
Market cap	US$970.98m
Earnings (TTM)	US$75.73m
Revenue (TTM)	US$277.11m

12.8x

P/E Ratio

1.0x

P/B Ratio

Is FBMS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FBMS income statement (TTM)
Revenue	US$277.11m
Cost of Revenue	US$0
Gross Profit	US$277.11m
Other Expenses	US$201.38m
Earnings	US$75.73m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.40
Gross Margin	100.00%
Net Profit Margin	27.33%
Debt/Equity Ratio	31.5%

How did FBMS perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

41%

Payout Ratio

Does FBMS pay a reliable dividends?

See FBMS dividend history and benchmarks

When do you need to buy FBMS by to receive an upcoming dividend?
First Bancshares dividend dates
Ex Dividend Date	Aug 08 2024
Dividend Pay Date	Aug 23 2024
Days until Ex dividend	8 days
Days until Dividend pay date	23 days

Does FBMS pay a reliable dividends?

See FBMS dividend history and benchmarks

FBMS Stock Overview

Rewards

Risk Analysis

The First Bancshares, Inc. Competitors

NasdaqCM:BFC

US$959.2m

NasdaqGM:FMBH

US$941.8m

NasdaqGM:AMAL

US$986.6m

NasdaqGS:CFB

US$920.0m

Price History & Performance

Recent News & Updates

Renasant Corporation (NYSE:RNST) entered into a definitive agreement and plan of merger to acquire The First Bancshares, Inc. (NYSE:FBMS) for approximately $1.2 billion.

Price target increased by 8.4% to US$32.19

First Bancshares' (NYSE:FBMS) Dividend Will Be $0.25

Second quarter dividend of US$0.25 announced

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Investor sentiment improves as stock rises 15%

Recent updates

Renasant Corporation (NYSE:RNST) entered into a definitive agreement and plan of merger to acquire The First Bancshares, Inc. (NYSE:FBMS) for approximately $1.2 billion.

Price target increased by 8.4% to US$32.19

First Bancshares' (NYSE:FBMS) Dividend Will Be $0.25

Second quarter dividend of US$0.25 announced

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Investor sentiment improves as stock rises 15%

The First Bancshares, Inc. to Report Q2, 2024 Results on Jul 24, 2024

The First Bancshares, Inc.(NYSE:FBMS) dropped from NASDAQ Composite Index

First quarter dividend of US$0.25 announced

First quarter 2024 earnings released: EPS: US$0.65 (vs US$0.52 in 1Q 2023)

The First Bancshares, Inc. to Report Q1, 2024 Results on Apr 24, 2024

The First Bancshares, Inc., Annual General Meeting, May 23, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

The First Bancshares, Inc. (NasdaqGM:FBMS) announces an Equity Buyback for $50 million worth of its shares.

Consensus EPS estimates fall by 10%

Upcoming dividend of US$0.25 per share at 3.8% yield

Fourth quarter dividend of US$0.25 announced

Full year 2023 earnings: EPS and revenues miss analyst expectations

The First Bancshares, Inc. to Report Q4, 2023 Results on Jan 24, 2024

Price target increased by 8.2% to US$32.50

Price target decreased by 8.1% to US$30.55

Upcoming dividend of US$0.24 per share at 4.0% yield

First Bancshares (NASDAQ:FBMS) Has Announced That It Will Be Increasing Its Dividend To $0.24

Third quarter 2023 earnings released: EPS: US$0.77 (vs US$0.61 in 3Q 2022)

The First Bancshares, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$0.23 per share at 3.0% yield

Price target increased by 7.2% to US$32.90

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 7.8% to US$30.70

First Bancshares' (NASDAQ:FBMS) Upcoming Dividend Will Be Larger Than Last Year's

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 8.9% to US$33.30

Investor sentiment deteriorates as stock falls 19%

Full year 2022 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.21 per share at 2.8% yield

First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To $0.21

The First Bancshares, Inc. Increases Quarterly Cash Dividend, Payable on February 24, 2023

Full year 2022 earnings: EPS and revenues miss analyst expectations

Price target increased to US$38.25

Price target increased to US$38.25

Consensus revenue estimates increase by 10%

First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To $0.20

Third quarter 2022 earnings: EPS exceeds analyst expectations

The First Bancshares, Inc. Declares Cash Dividend, Payable on November 25, 2022

The First Bancshares, Inc. and The First Bank Appoint M. Ray “Hoppy” Cole, Jr. as Chairman of the Board of Directors

Consensus forecasts updated

The First Bancshares, Inc. (NasdaqGM:FBMS) completed the acquisition of Beach Bancorp, Inc.

First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To $0.19

The First Bancshares, Inc. Appoints Mr. Jonathan A. Levy as Director

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

The First Bancshares, Inc. (NasdaqGM:FBMS) executed a definitive agreement to acquire Heritage Southeast Bancorporation, Inc. (OTCPK:HSBI) for approximately $210 million.

First Bancshares raises dividend 5.6% to $0.19/share

First Bancshares receives regulatory approvals for Beach Bancorp acquisition

Insufficient new directors

The First Bancshares, Inc. (NasdaqGM:FBMS) entered into a definitive agreement to acquire Beach Bank for approximately $120 million.

The First Bancshares, Inc. to Report Q1, 2022 Results on Apr 27, 2022

The First Bancshares, Inc., Annual General Meeting, May 19, 2022

The First Bancshares, Inc. announced delayed annual 10-K filing

Upcoming dividend of US$0.17 per share