FBMS Stock Summary and Trading Ideas (First Bancshares | NASDAQ:FBMS)

First Bancshares Inc operates as a bank holding company. It offers various products and services such as deposit, including checking accounts, savings accounts, and time deposits account for individuals, businesses, associations and organizations, and governmental authorities. It also provides commercial and personal loans, including secured and unsecured loans, consumer loans, and loans for business expansion and purchase of equipment and machinery, and residential mortgage loans. The bank renders services like financial and wealth management, online internet banking, voice response telephone inquiry, safe deposit boxes, traveler's checks, and mobile deposit, and others. It operates in the Commercial/Retail Bank, Mortgage Banking, and Holding company segments.

First Bancshares trades on the NASDAQ stock market under the symbol FBMS.

As of April 25, 2024, FBMS stock price declined to $25.15 with 76,097 million shares trading.

FBMS has a beta of 1.12, meaning it tends to be more sensitive to market movements. FBMS has a correlation of 0.20 to the broad based SPY ETF.

FBMS has a market cap of $789.70 million. This is considered a Small Cap stock.

Last quarter First Bancshares reported $57 million in Revenue and $.65 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.06.

In the last 3 years, FBMS stock traded as high as $42.89 and as low as $22.82.

The top ETF exchange traded funds that FBMS belongs to (by Net Assets): VTI, IWM, SCHD, VXF, IWN.

FBMS has underperformed the market in the last year with a return of +9.9%, while the SPY ETF gained +22.9%. In the last 3 month period, FBMS fell short of the market, returning -9.7%, while SPY returned +3.4%. However, in the most recent 2 weeks FBMS has outperformed the stock market by returning +6.1%, while SPY returned -2.6%.

FBMS support price is $24.76 and resistance is $25.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FBMS stock will trade within this expected range on the day.