La catena delle opzioni mostra i dati chiave delle opzioni azionarie di First Bancshares a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per First Bancshares..

First Bancshares (NYSE:FBMS) Azioni, Catena delle Opzioni

First Bancshares

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 Inc

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Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

Janney Montgomery Scott analyst Christopher Marinac downgrades First Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBMS#NYSE">FBMS</a>) from Buy to Neutral.

News

Downgrades

Analyst Ratings

Janney Montgomery Scott Downgrades First Bancshares to Neutral

First Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBMS#NASDAQ">FBMS</a>) reported quarterly earnings of $0.65 per share which beat the analyst consensus estimate of $0.62 by 4.84 percent. This is a 14.47 percent decrease over earnings of $0.76 per share from the same period last year. The company reported quarterly sales of $59.01 million which beat the analyst consensus estimate of $58.52 million by 0.84 percent. This is a 2.78 percent decrease over sales of $60.70 million the same period last year.

Earnings

Earnings Beats

First Bancshares Q3 Adj $0.65 Beats $0.62 Estimate, Sales $59.01M Beat $58.52M Estimate

The First Bancshares, Inc. ("The First") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBMS#NYSE">FBMS</a>), holding company for The First Bank, (<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.thefirstbank.com&amp;esheet=54140569&amp;newsitemid=20241022552905&amp;lan=en-US&amp;anchor=www.thefirstbank.com&amp;index=1&amp;md5=48fd2241736b076ad99d73a53a69831d">www.thefirstbank.com</a>), announced today that the previously announced merger between The First and Renasant Corporation ("Renasant"), pursuant to the Agreement and Plan of Merger, dated as of July 29, 2024, (the "Merger Agreement"), has been approved by its shareholders. Completion of the transaction remains subject to customary closing conditions, including the receipt of required regulatory approvals.

The First Bancshares Announces Receipt Of Shareholder Approval For Merger

First Bancshares's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBMS#NYSE">FBMS</a>) short percent of float has fallen 45.45% since its last report. The company recently reported that it has 307 thousand shares sold short, which is 1.02% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>First Bancshares Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724337922_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for First Bancshares has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing First Bancshares's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, First Bancshares's peer group average for short interest as a percentage of float is 2.62%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Looking Into First Bancshares's Recent Short Interest

Renasant Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNST#NYSE">RNST</a>) shares tanked in early trading on Monday, a week after announcing <a href="https://www.benzinga.com/news/24/07/40046794/why-renasant-corporation-rnst-stock-is-falling">a public offering of 6.25 million shares</a>.
The First Bancshares Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBMS#NYSE">FBMS</a>) deal announcement and the common equity raise of $230 million "significantly changes the forward trajectory" for Renasant, according to Piper Sandler.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5980a787c1f5580001cf4129/stephen-scouten">Analyst Stephen Scouten</a> upgraded the rating for Renasant from Neutral to Overweight, while raising the price target from $35 to $40.
The Renasant Thesis: While Renasant paid a heavy price for the deal, including the significant discount on the common equity raise, this was a necessary for the company to "move into a higher tier of scale and profitability," Scouten said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
The First Bancshares franchise fits well with Renasant and the "lower cost of deposits at FBMS puts the proforma entity in a higher tier from a NIM perspective," he added.
"Most importantly, we think the additional scale, and the potential for cost saves with the deal changes the narrative around RNST," the analyst wrote.
"The company believes that the ~14% TBVPS dilution will be earned back in ~3.5 years, and while we calculate north of four years, we still think that the uptick in profitability puts the bank on a better path moving fwd," he further stated.
RNST Price Action: Shares of Renasant had declined by 3.66% to $32.15 at the time of publication on Monday.
Photo: Shutterstock

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Renasant Is On A 'Better Path' After The FBMS Deal, Says Bullish Analyst

Wintrust Financial Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wtfc#NASDAQ">WTFC</a>) has closed the all-stock deal to acquire Macatawa Bank Corporation for $510.3 million or $14.85 per share. The merger agreement, which is not expected to have a material effect on Wintrust&#39;s 2024 earnings, was signed this April.
Headquartered in Holland, MI, Macatawa operates a network of 26 full-service branches located throughout communities in Kent, Ottawa and northern Allegan counties, including Grand Rapids.
As of Jun 30, 2024, Macatawa Bank had $2.7 billion in assets, $2.3 billion in deposits and $1.3 billion in loans. Its approach to customer service is similar to that at each of the fifteen other Wintrust Community Banks and their more than 170 banking locations.
Per the terms of the deal, at the time of the merger, each of Macatawa&#39;s 34,361,562 common shares outstanding were to be converted into the right to receive merger consideration paid in shares of Wintrust common stock.
Accordingly, each of Macatawa&#39;s common shares outstanding was converted into the right to receive 0.137 shares of Wintrust common stock, with cash paid in lieu of fractional shares.
Timothy S. Crane, the president and CEO of Wintrust, stated, &quot;Macatawa Bank provides an ideal platform to expand into West Michigan with a very solid bank. The bank has a strong core deposit base, exceptional asset quality, a client focused culture, and a committed leadership team. Together, we will be a formidable, community-minded competitor to the other banks in the area. We look forward to providing Macatawa Bank&#39;s customers with an expanded array of products and services and are thrilled to welcome Macatawa Bank clients and team members to the Wintrust family.&quot;
The chairman of Macatawa, Richard L. Postma, said, &quot;Wintrust provides Macatawa Bank with the ability to retain and enhance its uniquely personalized consumer and commercial community presence in the West Michigan area by retaining the Macatawa Bank name, its key employees, branches, and a legally constituted community bank board, as a separately chartered bank and the only Wintrust subsidiary bank located within the State of Michigan. We are confident that this transaction, which combines similar cultures and operating philosophies, will result in a continued community bank that offers all the enhanced services, products and technology of Wintrust to meet the evolving banking needs of our customers.&quot;
Over the past six months, WTFC shares have gained 13.6% compared with the industry&#39;s 23.6% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/1a/73175.jpg?v=1777469635" />
Image Source: Zacks Investment Research
Currently, WTFC carries a Zacks Rank #3 (Hold).
<h3>Inorganic Growth Efforts by Other Finance Firms</h3>
A few days ago, Renasant Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rnst#NYSE">RNST</a>) and The First Bancshares Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fbms#NYSE">FBMS</a>) jointly entered a merger agreement. Per the agreement, First Bancshares will merge into Renasant for an all-stock consideration of $1.2 billion, based on the latter&#39;s closing stock price of $37.09 as of Jul 26, 2024.
Under the terms of the agreement, shareholders of First Bancshares will get one share of RNST&#39;s common stock for each of their shares. Moreover, all options of First Bancshares will be cashed out at their in-the-money value upon the closure of the deal.
The deal, which is expected to be closed by the first half of 2025, has been approved by the shareholders of both companies and awaits requisite regulatory approvals.
Last month, Eastern Bankshares Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ebc#NASDAQ">EBC</a>) completed its merger with Cambridge Bancorp. The deal, announced in September 2023 with a 100% stock consideration, aligns with the company&#39;s inorganic growth strategy.
The merged private banking and wealth management divisions will work under the brand and leadership of Cambridge Trust as it has a distinct presence in its peer local markets. Other areas of the merged bank, including Commercial, Business and Consumer Banking, will operate under EBC&#39;s brand name.
<a href="https://www.zacks.com/stock/news/2315555/wintrust-wtfc-completes-acquisition-of-macatawa-for-510-3m?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2315555">To read this article on Zacks.com click here.</a>

Small Cap

Markets

WTFC

Wintrust Completes Acquisition of Macatawa for $510.3M

Keefe, Bruyette &amp; Woods analyst Catherine Mealor upgrades First Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBMS#NYSE">FBMS</a>) from Market Perform to Outperform and raises the price target from $31 to $40.

Keefe, Bruyette & Woods Upgrades First Bancshares to Outperform, Raises Price Target to $40

First Bancshares are trading higher after the company announced it will be acquired by Renasant Corporation in an all-stock transaction valued at $1.2 billion.

According to the terms of the merger agreement, shareholders of The First will receive 1.00 share of Renasant common stock for each share of The First common stock. Additionally, all options of The First will be cashed out at their in-the-money value at closing. Based on Renasant's closing stock price of $37.09 per share as of July 26, 2024, the implied transaction value is approximately $37.09 per The First share, or $1.2 billion, in the aggregate. Excluding one-time transaction costs, the merger is expected to be immediately accretive to Renasant's estimated earnings per share and to have a positive long-term impact on Renasant's key profitability and operating ratios.
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Renasant Corporation To Acquire The First Bancshares, Inc. In All-Stock Transaction Valued At ~$1.2B; Shareholders Of The First Will Receive 1 Renasant Common share For Each Share Of The First Common Stock

Keefe, Bruyette &amp; Woods analyst Catherine Mealor maintains First Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBMS#NYSE">FBMS</a>) with a Market Perform and raises the price target from $28 to $31.

Keefe, Bruyette & Woods Maintains Market Perform on First Bancshares, Raises Price Target to $31

First Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBMS#NASDAQ">FBMS</a>) reported quarterly earnings of $0.63 per share which beat the analyst consensus estimate of $0.58 by 8.62 percent. The company reported quarterly sales of $57.794 million which beat the analyst consensus estimate of $57.136 million by 1.15 percent. This is a 12.47 percent decrease over sales of $66.030 million the same period last year.

First Bancshares Q2 2024 Adj EPS $0.63 Beats $0.58 Estimate, Sales $57.794M Beat $57.136M Estimate

The First Bancshares' common stock is expected to begin trading on the NYSE on Thursday, May 30, 2024, under the ticker symbol of "FBMS." The First Bancshares expects its common stock to continue to trade on Nasdaq until the close of the market on May 29, 2024.

The First Bancshares, Transfers Listing Of Common Stock To NYSE

First Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBMS#NASDAQ">FBMS</a>) reported quarterly earnings of $0.65 per share which beat the analyst consensus estimate of $0.59 by 10.17 percent. This is a 24.42 percent decrease over earnings of $0.86 per share from the same period last year. The company reported quarterly sales of $57.341 million which missed the analyst consensus estimate of $59.927 million by 4.32 percent. This is a 11.68 percent decrease over sales of $64.926 million the same period last year.

Earnings Misses

First Bancshares Q1 2024 Adj EPS $0.65 Beats $0.59 Estimate, Sales $57.341M Miss $59.927M Estimate

Buybacks

The First Bancshares Announced Up To $50M New Share Repurchase Plan

More than a dozen banks in the U.S. find themselves under the keen eye of financial watchdogs due to their sizable portfolios of commercial <a href="https://www.benzinga.com/topic/commercial-real-estate">real estate (CRE) loans.</a>
The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency jointly indicated their intent to scrutinize banks with CRE loan portfolios exceeding triple their capital and with growth that has exceeded 50% over the past three years. 
New York Community Bancorp, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) is not among institutions deserving increasing scrutiny. Despite having a CRE loan to total capital ratio of 462% — surpassing the regulatory concern threshold of 300% — NYCB&#8217;s portfolio growth of 25% over the past five years keeps it below the critical 50% growth threshold that watchdogs find alarming. 
This distinction is particularly noteworthy in light of NYCB&#8217;s recent underperformance and increased investor scrutiny following a lackluster earnings report earlier this month.
<h3 class="wp-block-heading">Regional Banks Under the Microscope </h3>
A Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-02-15/which-banks-may-face-scrutiny-of-commercial-real-estate-exposure?srnd=premium&amp;sref=TBDibEcD">analysis</a> of federal data spanning over 350 bank holding companies highlighted that numerous smaller lenders have attracted increased regulatory scrutiny. This is because they&#8217;ve rapidly built up significantly large concentrations in their CRE portfolios in recent years.
Valley National Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLY#NASDAQ">VLY</a>) is identified as the largest institution that fits the criteria for heightened regulatory examination, with a staggering 80% growth in CRE loans over the past three years and an exposure that constitutes 471% of its total capital. 
Alongside Valley National, other banks such as HomeStreet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HMST#NASDAQ">HMST</a>), First Foundation Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFWM#NASDAQ">FFWM</a>), Dime Community Bancshares Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCOM#NASDAQ">DCOM</a>), Bridgewater Bancshares Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWB#NASDAQ">BWB</a>), Hometown Financial Group MHC, Axos Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AX#NYSE">AX</a>), OceanFirst Financial Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NASDAQ">OCFC</a>), First Bancshares Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBMS#NASDAQ">FBMS</a>), Chemung Financial Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHMG#NASDAQ">CHMG</a>), Watford City Bancshares Inc., Civista Bancshares Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIVB#NASDAQ">CIVB</a>), BCI Financial Group Inc., Veritex Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBTX#NASDAQ">VBTX</a>), ServisFirst Bancshares Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFBS#NYSE">SFBS</a>), Independent Bank Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>), Southern Missouri Bancorp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMBC#NASDAQ">SMBC</a>), QCR Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCRH#NASDAQ">QCRH</a>) and Enterprise Bancorp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBTC#NASDAQ">EBTC</a>) are slated for closer inspection by regulators.
<h3 class="wp-block-heading">Market Reactions</h3>
Despite the regulatory cloud hanging over these institutions, the broader regional bank industry, as monitored by the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>), witnessed a 2.4% uptick on Thursday. 
This surge is attributed to a confluence of factors, including some positive news derived from the latest 13F filings and the market anticipation of Federal Reserve rate cuts prompted by <a href="https://www.benzinga.com/markets/equities/24/02/37156844/retail-sales-sink-in-january-manufacturing-indicators-improve-jobless-claims-fall-thursdays-econ">disappointing retail sales data.</a>
A couple of renowned fund managers added exposure to New York Community Bancorp in the fourth quarter of 2023. Notable among them is Soros Fund Management, which escalated its stake to 1,476,180 shares, valued at $15 million by the quarter&#8217;s end. Similarly, AQR Capital Management and Millennium Management substantially increased their holdings in New York Community Bancorp. 
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37139816/2008-big-short-oracle-burry-bets-big-on-chinese-giants-backs-google-amazons-ai-wave">2008 &#8216;Big Short&#8217; Oracle Burry Bets Big On Chinese Giants, Backs Google, Amazon&#8217;s AI Wave</a>

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Banks With High Commercial Real Estate Loan Exposure In Regulatory Spotlight: Valley National Bancorp And 15 Others To Watch

Monday marks the last chance for investors to receive the next dividend payout from First Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBMS#NASDAQ">FBMS</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a quarterly dividend of 25 cents per share. On Tuesday, First Bancshares will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 25 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own FBMS as of the end of Monday's session are eligible to receive the 25 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on February 23, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on First Bancshares's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

First Bancshares's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

Keefe, Bruyette &amp; Woods analyst Catherine Mealor downgrades First Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBMS#NASDAQ">FBMS</a>) from Outperform to Market Perform and announces $28 price target.

Keefe, Bruyette & Woods Downgrades First Bancshares to Market Perform, Announces $28 Price Target

The Company announced that its Board of Directors declared a cash dividend of $0.25 per share, a 4% increase over previous quarter, per share to be paid on its common stock on February 23, 2024 to shareholders of record as of the close of business on February 7, 2024

The First Bancshares Declared A Cash Dividend Of $0.25/Share, A 4% Increase Over Previous Quarter

Renasant raised to Outperform as RayJay cheers First Bancshares deal

KBW analyst Catherine Mealor maintained a Buy rating on The First Bancshares (FBMS – Research Report) yesterday and set a price target of $40.00. T...

The First Bancshares (FBMS) Gets a Buy from KBW

Dividend Champion, Contender, And Challenger Highlights: Week Of August 4

Renasant gets another upgrade on back of First Bancshares deal

Dividend Champion, Contender, And Challenger Highlights: Week Of August 18

The First Bancshares (FBMS) announced that the previously announced merger between The First and Renasant Corporation, pursuant to the Agreement an...

First Bancshares receives shareholder approval for Renasant deal

KBW analyst Catherine Mealor maintained a Buy rating on The First Bancshares (FBMS – Research Report) today and set a price target of $40.00. The c...

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