KBW Remains a Buy on The First Bancshares

In a report released yesterday, Catherine Mealor from KBW reiterated a Buy rating on The First Bancshares (NASDAQ: FBMS), with a price target of $43. The company’s shares closed on Friday at $38.05, close to its 52-week high of $39.50.

According to TipRanks.com, Mealor is a 5-star analyst with an average return of 14.4% and a 71.3% success rate. Mealor covers the Financial sector, focusing on stocks such as The Community Financial Corporation, Union First Market Bankshares Corp, and Capstar Financial Holdings Inc.

Currently, the analyst consensus on The First Bancshares is a Moderate Buy with an average price target of $43.50, implying a 14.3% upside from current levels. In a report issued on July 26, Stephens also assigned a Buy rating to the stock with a $44 price target.

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The company has a one-year high of $39.50 and a one-year low of $26.10. Currently, The First Bancshares has an average volume of 42.21K.

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First Bancshares, Inc. (Mississippi) operates as a bank holding company. It provides banking services such as personal and business which include checking, savings, and loans, cards, and others. It operates through the following segments: Commercial/Retail Bank, Mortgage Banking, and Holding Company.