Bullish Chart Formation for First Bancshares Inc (FBMS) After Forming Bullish Descending Triangle

July 17, 2017 - By Adrian Erickson

Investors sentiment increased to 3.2 in Q4 2016. Its up 0.87, from 2.33 in 2016Q3. It is positive, as 1 investors sold First Bancshares Inc shares while 4 reduced holdings. 8 funds opened positions while 8 raised stakes. 8.17 million shares or 299.74% more from 2.04 million shares in 2016Q3 were reported.
Lsv Asset Mngmt has invested 0% in First Bancshares Inc (NASDAQ:FBMS). Deutsche Bank & Trust Ag reported 300 shares. 708,843 are owned by Banc Funds Com Llc. Dimensional Fund Advsrs Ltd Partnership has 0% invested in First Bancshares Inc (NASDAQ:FBMS). Jcsd Capital owns 343,457 shares for 8.27% of their portfolio. California Pub Employees Retirement reported 0% in First Bancshares Inc (NASDAQ:FBMS). Pinnacle Limited Liability holds 0% or 59,406 shares. Bridgeway Incorporated holds 0.03% or 76,809 shares. Acadian Asset Limited Liability Corporation invested 0% in First Bancshares Inc (NASDAQ:FBMS). Maltese Cap Management Ltd Liability Corp holds 281,690 shares or 0.66% of its portfolio. Pacific Ridge Capital Ptnrs Ltd Liability reported 81,858 shares. Jacobs Asset Mngmt Ltd Liability Corp holds 1.25% or 225,352 shares. Stieven Cap Advisors Lp reported 461,393 shares or 2.5% of all its holdings. Castine Capital Management Ltd Llc owns 258,721 shares or 2.97% of their US portfolio. Royal Natl Bank Of Canada holds 0% or 1,000 shares.

Since February 6, 2017, it had 2 buys, and 2 selling transactions for $188,602 activity. The insider GIBSON E RICKY bought 149 shares worth $4,172. The insider RUTLAND DONNA T sold 4,627 shares worth $132,467.

The stock of First Bancshares Inc (FBMS) formed a descending triangle with $29.48 target or 9.00 % above today’s $27.05 share price. The 9 months triangle pattern indicates low risk for the $246.46 million company. If the $29.48 price target is reached, the company will be worth $22.18M more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock decreased 1.99% or $0.55 during the last trading session, reaching $27.05. About 6,514 shares traded. First Bancshares Inc (NASDAQ:FBMS) has risen 69.69% since July 18, 2016 and is uptrending. It has outperformed by 52.99% the S&P500.

Analysts expect First Bancshares Inc (NASDAQ:FBMS) to report $0.36 EPS on July, 28.They anticipate $0.11 EPS change or 23.40 % from last quarter’s $0.47 EPS. FBMS’s profit would be $3.28 million giving it 18.78 P/E if the $0.36 EPS is correct. After having $0.37 EPS previously, First Bancshares Inc’s analysts see -2.70 % EPS growth.

First Bancshares Inc (NASDAQ:FBMS) Ratings Coverage

Among 2 analysts covering First Bancshares (NASDAQ:FBMS), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. First Bancshares had 2 analyst reports since September 21, 2015 according to SRatingsIntel. The rating was downgraded by Zacks to “Hold” on Monday, September 21.

More news for First Bancshares Inc (NASDAQ:FBMS) were recently published by: Nasdaq.com, which released: “ServisFirst Bancshares, Inc. Announces Results for Second Quarter of 2017” on July 17, 2017. Prnewswire.com‘s article titled: “First Bancshares, Inc., Parent of Centier Bank Issues $50 Million of Senior …” and published on June 29, 2017 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.