Stephens Thinks The First Bancshares’ Stock is Going to Recover

Stephens analyst Matt Olney maintained a Buy rating on The First Bancshares (FBMSResearch Report) yesterday and set a price target of $37. The company’s shares closed yesterday at $30.55, close to its 52-week low of $29.75.

According to TipRanks.com, Olney is a 1-star analyst with an average return of -3.5% and a 36.0% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Hancock Whitney Corporation, and First Western Financial Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for The First Bancshares with a $41.50 average price target.

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The First Bancshares’ market cap is currently $399.4M and has a P/E ratio of 22.44. The company has a Price to Book ratio of 1.38.

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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.