Revenue Update on First Bancshares Inc(NASDAQ:FBMS)

First Bancshares Inc(NASDAQ:FBMS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 22, 2016. Company reported revenue of $12.82M. Analysts estimated a revenue of $9.99M. Earnings per share were $0.47. Analysts had estimated an EPS of $0.42.

First Bancshares Inc (FBMS) shares turned negative on Thursdays trading session with the shares closing down -0.0725 points or -0.41% at a volume of 30,242. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.75. The peak price level was also seen at $17.75 while the days lowest was $17.5. Finally the shares closed at $17.5. The 52-week high of the shares is $19.32 while the 52-week low is $15.32. According to the latest information available, the market cap of the company is $96 M.

Several Insider Transactions has been reported to the SEC. On Feb 22, 2016, David W Bomboy (director) purchased 8,515 shares at $17.89 per share price.Also, On Feb 17, 2016, J Douglas Seidenburg (director) purchased 1,500 shares at $16.35 per share price.On Nov 23, 2015, Andrew D Stetelman (director) purchased 5,000 shares at $15.94 per share price, according to the Form-4 filing with the securities and exchange commission.

The First Bancshares Inc. is a bank holding company for The First A National Banking Association (the Bank) located in Hattiesburg Mississippi. The Company and its subsidiary bank engage in a commercial and retail banking business for small to medium-sized businesses professional concerns and individuals. The First is a wholly owned subsidiary bank of the Company. It offers a range of deposit services and commercial and personal loans and The First offers products such as mortgage loans. The Bank services include on-line Internet banking services voice response telephone inquiry service commercial sweep accounts cash management services safe deposit boxes travelers checks direct deposit of payroll and social security checks and automatic drafts for various accounts. It also offers VISA and MasterCard credit card services through a correspondent bank. It provides a range of banking services in its primary market area of South Mississippi South Alabama and Louisiana.

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