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FBSI

First Bancshares OTCPK:FBSI Stock Report

Last Price

US$17.55

Market Cap

US$42.9m

7D

0%

1Y

17.0%

Updated

09 Aug, 2022

Data

Company Financials
FBSI fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends2/6

FBSI Stock Overview

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

First Bancshares Competitors

Price History & Performance

Summary of all time highs, changes and price drops for First Bancshares
Historical stock prices
Current Share PriceUS$17.55
52 Week HighUS$18.00
52 Week LowUS$14.80
Beta0.27
1 Month Change2.15%
3 Month Changen/a
1 Year Change17.00%
3 Year Change19.79%
5 Year Change51.29%
Change since IPO205.22%

Recent News & Updates

Shareholder Returns

FBSIUS MortgageUS Market
7D0%1.0%0.3%
1Y17.0%-23.6%-13.5%

Return vs Industry: FBSI exceeded the US Mortgage industry which returned -24.3% over the past year.

Return vs Market: FBSI exceeded the US Market which returned -13% over the past year.

Price Volatility

Is FBSI's price volatile compared to industry and market?
FBSI volatility
FBSI Average Weekly Movementn/a
Mortgage Industry Average Movement3.7%
Market Average Movement7.9%
10% most volatile stocks in US Market17.2%
10% least volatile stocks in US Market3.2%

Stable Share Price: Insufficient data to determine FBSI's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine FBSI's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1911n/aRob Alexanderhttps://www.thestockmensbank.com

First Bancshares, Inc. operates as the bank holding company for Stockmens Bank that provides banking and mortgage services to individual and corporate customers in southern Missouri, eastern Colorado, and southwestern Nebraska. It accepts various deposit products. The company also offers real estate loans, including one-to-four family residential mortgage loans, multi-family residential loans, commercial real estate loans, agricultural real estate loans, and home equity loans; and non-real estate loans, such as commercial business, agricultural business, and consumer loans.

First Bancshares Fundamentals Summary

How do First Bancshares's earnings and revenue compare to its market cap?
FBSI fundamental statistics
Market CapUS$42.86m
Earnings (TTM)US$5.13m
Revenue (TTM)US$17.35m

8.4x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FBSI income statement (TTM)
RevenueUS$17.35m
Cost of RevenueUS$0
Gross ProfitUS$17.35m
Other ExpensesUS$12.22m
EarningsUS$5.13m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.10
Gross Margin100.00%
Net Profit Margin29.59%
Debt/Equity Ratio5.1%

How did FBSI perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

15%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is FBSI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

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

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FBSI?

Other financial metrics that can be useful for relative valuation.

FBSI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does FBSI's PE Ratio compare to its peers?

FBSI PE Ratio vs Peers
The above table shows the PE ratio for FBSI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.3x
OTTW Ottawa Bancorp
11.4xn/aUS$36.7m
FFWC FFW
9.5xn/aUS$52.8m
HLFN Home Loan Financial
12xn/aUS$46.9m
KSBI KS Bancorp
8.5xn/aUS$53.2m
FBSI First Bancshares
8.4xn/aUS$42.9m

Price-To-Earnings vs Peers: FBSI is good value based on its Price-To-Earnings Ratio (8.4x) compared to the peer average (10.3x).


Price to Earnings Ratio vs Industry

How does FBSI's PE Ratio compare vs other companies in the US Mortgage Industry?

Price-To-Earnings vs Industry: FBSI is good value based on its Price-To-Earnings Ratio (8.4x) compared to the US Mortgage industry average (11.7x)


Price to Earnings Ratio vs Fair Ratio

What is FBSI'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.

FBSI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FBSI's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of FBSI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FBSI ($17.55) is trading below our estimate of fair value ($23.56)

Significantly Below Fair Value: FBSI 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: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.7%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as First Bancshares has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether First Bancshares is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access First Bancshares's filings and announcements here.

Past Performance

How has First Bancshares performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


33.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FBSI has high quality earnings.

Growing Profit Margin: FBSI's current net profit margins (29.6%) are higher than last year (29.2%).


Past Earnings Growth Analysis

Earnings Trend: FBSI's earnings have grown significantly by 33.4% per year over the past 5 years.

Accelerating Growth: FBSI's earnings growth over the past year (15.4%) is below its 5-year average (33.4% per year).

Earnings vs Industry: FBSI earnings growth over the past year (15.4%) exceeded the Mortgage industry 1.7%.


Return on Equity

High ROE: FBSI's Return on Equity (11.4%) is considered low.


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Financial Health

How is First Bancshares's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

4/6

Financial Health Score 4/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: FBSI's Assets to Equity ratio (10.2x) is moderate.

Allowance for Bad Loans: Insufficient data to determine if FBSI has a sufficient allowance for bad loans.

Low Risk Liabilities: 99% of FBSI's liabilities are made up of primarily low risk sources of funding.

Loan Level: FBSI has an appropriate level of Loans to Assets ratio (82%).

Low Risk Deposits: FBSI's Loans to Deposits ratio (92%) is appropriate.

Level of Bad Loans: Insufficient data to determine if FBSI has an appropriate level of bad loans.


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.71%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: FBSI's dividend (1.71%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: FBSI's dividend (1.71%) is low compared to the top 25% of dividend payers in the US market (4.08%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, FBSI has been paying a dividend for less than 10 years.

Growing Dividend: FBSI's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (14.7%), FBSI's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

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


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Management

How experienced are the management team and are they aligned to shareholders interests?

8.6yrs

Average board tenure


CEO

Rob Alexander (58 yo)

5yrs

Tenure

US$458,486

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 served as its President since August 2017. Mr. Alexan...


CEO Compensation Analysis

Compensation vs Market: Rob's total compensation ($USD458.49K) is below average for companies of similar size in the US market ($USD763.69K).

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


Board Members

Experienced Board: FBSI's board of directors are considered experienced (8.6 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: First Bancshares, Inc.
  • Ticker: FBSI
  • Exchange: OTCPK
  • Founded: 1911
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Implied Market Cap: US$42.864m
  • Shares outstanding: 2.44m
  • Website: https://www.thestockmensbank.com

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/02 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.