Alert: Negative Investment/Fundamental Signals (11/15/23)-The First Bancshares Inc/MS (NASDAQ: FBMS)

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Extremely significant negative changes in The First Bancshares Inc/MS (NASDAQ: FBMS) investment behavior have recently occurred: negative upside/downside volume developed, and the stock fell on very heavy volume.

Recent meaningful negative changes in fundamentals have affected The First Bancshares Inc/MS (NASDAQ: FBMS): the consensus estimate for December, 2023 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, FBMS is expected to continue to be a Value Builder.

First Bancshares has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. First Bancshares has a neutral Power Rating of 57 and a slightly positive Appreciation Score of 65, resulting in the High Neutral Value Trend Rating.

Recent Price Action

On 11/15/23, The First Bancshares Inc/MS (NASDAQ: FBMS) stock declined modestly by -0.9%, closing at $27.00. The stock has risen 4.6% during the last week and has been strong relative to the market over the last nine months.

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