Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for The First Bancshares Inc/MS (NYSE: FBMS) improved during the last several trading days. FBMS’ current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 8/9/24, The First Bancshares Inc/MS (NYSE: FBMS) stock declined modestly by -2.0%, closing at $31.12. Moreover, this decline was accompanied by above average trading volume at 142% of normal. The stock has performed in line with the market over the last nine months and has declined -3.0% during the last week.
Current PriceTarget Research Rating
FBMS is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
First Bancshares has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. First Bancshares has a neutral Power Rating of 57 but a good Appreciation Score of 75, leading to the Positive Value Trend Rating.
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