On 11/6/24, The First Bancshares Inc/MS (NYSE: FBMS) stock enjoyed a major increase of 12.8%, closing at $37.89. Moreover, exceptionally high trading volume at 382% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 11.5% 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 A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First Bancshares has a good Appreciation Score of 76 and a very high Power Rating of 98, triggering the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment