OTCPK:FBSI

Stock Analysis Report

Executive Summary

First Bancshares, Inc. operates as a bank holding company for the Stockmens bank that provides various banking and mortgage services to individual and corporate customers in southern Missouri, eastern Colorado, and southwestern Nebraska, the United States.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

How has First Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

FBSI

1.6%

US Mortgage

0.4%

US Market


1 Year Return

10.0%

FBSI

15.2%

US Mortgage

6.9%

US Market

Return vs Industry: FBSI underperformed the US Mortgage industry which returned 15.2% over the past year.

Return vs Market: FBSI exceeded the US Market which returned 6.9% over the past year.


Shareholder returns

FBSIIndustryMarket
7 Day0%1.6%0.4%
30 Day0%1.0%-1.2%
90 Day-1.3%4.0%-0.4%
1 Year12.0%10.0%17.7%15.2%9.3%6.9%
3 Year54.5%51.8%41.2%31.8%45.8%36.4%
5 Year109.0%105.3%71.5%53.4%62.9%45.1%

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

No news available

Valuation

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

10.56x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: FBSI ($14.8) is trading above our estimate of fair value ($1.36)

Significantly Undervalued: FBSI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FBSI is good value based on its PE Ratio (10.6x) compared to the Mortgage industry average (14.4x).

PE vs Market: FBSI is good value based on its PE Ratio (10.6x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate FBSI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FBSI is good value based on its PB Ratio (1x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

How is First Bancshares forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FBSI's forecast earnings growth (3.2% per year) is above the savings rate (2.7%).

Earnings vs Market: FBSI's earnings (3.2% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: FBSI's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if FBSI's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if FBSI's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if FBSI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has First Bancshares performed over the past 5 years?

12.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FBSI's earnings have grown by 12.8% per year over the past 5 years.

Accelerating Growth: FBSI's earnings growth over the past year (150.8%) exceeds its 5-year average (12.8% per year).

Earnings vs Industry: FBSI earnings growth over the past year (150.8%) exceeded the Mortgage industry 31.5%.


Return on Equity

High ROE: FBSI's Return on Equity (9.6%) is considered low.


Return on Assets

ROA vs Industry: FBSI has a higher Return on Assets than the Mortgage industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate FBSI's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

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

Inventory Level: FBSI has a low level of unsold assets or inventory.

Debt Coverage by Assets: FBSI's debt is covered by short term assets (assets are 3.344090x debt).


Financial Institutions Analysis

Asset Level: FBSI's level of assets compared to its equity is low.

Allowance for Bad Loans: FBSI has a sufficient allowance for bad loans.

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

Loan Level: FBSI has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FBSI's loans are broadly funded by customer deposits.

Level of Bad Loans: FBSI has an appropriate level of bad loans (0.19%)


Next Steps

Dividend

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

1.62%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.4%markettop25%3.7%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: FBSI's dividend (1.62%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: FBSI's dividend (1.62%) is low compared to the top 25% of dividend payers in the US market (3.73%).

Stable Dividend: Too early to tell whether FBSI's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if FBSI's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.1%), FBSI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of First Bancshares's salary, the management and board of directors tenure and is there insider trading?

6.8yrs

Average management tenure


CEO

Rob Alexander (55yo)

2.2yrs

Tenure

US$579,290

Compensation

Mr. Robert Mitchell Alexander, also known as Rob, has been the Chairman and Chief Executive Officer of First Bancshares Inc. since August 25, 2017 and is its President since 2017. Mr. Alexander is the Foun ...


CEO Compensation Analysis

Compensation vs. Market: Rob has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.


Management Age and Tenure

6.8yrs

Average Tenure

62yo

Average Age

Experienced Management: FBSI's management team is seasoned and experienced (6.8 years average tenure).


Board Age and Tenure

5.8yrs

Average Tenure

65yo

Average Age

Experienced Board: FBSI's board of directors are considered experienced (5.8 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Scott Yeoman (62yo)

    Chief Operating Officer

    • Tenure: 0yrs
    • Compensation: US$144.35k
  • Harold Glass (78yo)

    General Counsel

    • Tenure: 0yrs
    • Compensation: US$9.86k
  • John Francka

    Chief Credit Officer of First Home Savings Bank and Senior Vice President of First Home Savings Bank

    • Tenure: 12.5yrs
  • Shannon Peterson

    VP & Corporate Secretary

    • Tenure: 0yrs
  • Jeffrey Palmer

    Executive VP & Treasurer

    • Tenure: 6.8yrs
    • Compensation: US$171.66k
  • Joseph James

    Executive Vice President of First Home Bank and Senior Lending Officer of First Home Bank

    • Tenure: 0yrs
    • Compensation: US$157.48k
  • Rob Alexander (55yo)

    Chairman

    • Tenure: 2.2yrs
    • Compensation: US$579.29k
  • Brady Nachtrieb

    Chief Financial Officer

    • Tenure: 0yrs
    • Compensation: US$152.52k

Board Members

  • John Moody (67yo)

    Director

    • Tenure: 26.8yrs
    • Compensation: US$3.25k
  • Mitch Ashlock (61yo)

    Director

    • Tenure: 12.8yrs
    • Compensation: US$3.95k
  • Tom Sutherland (68yo)

    Director

    • Tenure: 15.8yrs
    • Compensation: US$7.75k
  • Robert Breidenthal (71yo)

    Vice Chairman

    • Tenure: 0yrs
    • Compensation: US$27.68k
  • Mark Gardner (65yo)

    Director

    • Tenure: 5.8yrs
    • Compensation: US$2.00k
  • Ed Sauer (70yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: US$34.10k
  • Bradley Segebarth (55yo)

    Director

    • Tenure: 5.8yrs
    • Compensation: US$7.75k
  • Rob Alexander (55yo)

    Chairman

    • Tenure: 2.2yrs
    • Compensation: US$579.29k
  • Jeff Timmerman (37yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: US$5.00k

Company Information

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


Key Information

  • Name: First Bancshares, Inc.
  • Ticker: FBSI
  • Exchange: OTCPK
  • Founded: 1993
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$37.522m
  • Shares outstanding: 2.54m
  • Website: https://stockmensmo.com

Location

  • First Bancshares, Inc.
  • 142 East First Street
  • PO Box 777
  • Mountain Grove
  • Missouri
  • 65711
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FBSIOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 1993

Biography

First Bancshares, Inc. operates as a bank holding company for the Stockmens bank that provides various banking and mortgage services to individual and corporate customers in southern Missouri, eastern Colo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 23:34
End of Day Share Price2019/10/14 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.