Martingale Asset Management L P bought a new position in First Bancshares Inc (NASDAQ:FBMS) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 7,402 shares of the bank’s stock, valued at approximately $254,000. Martingale Asset Management L P owned about 0.07% of First Bancshares as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of First Bancshares by 22.1% in the 4th quarter. BlackRock Inc. now owns 448,434 shares of the bank’s stock worth $15,336,000 after acquiring an additional 81,244 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of First Bancshares by 34.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 418,086 shares of the bank’s stock worth $14,299,000 after acquiring an additional 107,029 shares during the last quarter. Castine Capital Management LLC increased its stake in shares of First Bancshares by 7.9% in the 3rd quarter. Castine Capital Management LLC now owns 322,714 shares of the bank’s stock worth $9,730,000 after acquiring an additional 23,764 shares during the last quarter. Maltese Capital Management LLC increased its stake in shares of First Bancshares by 17.4% in the 4th quarter. Maltese Capital Management LLC now owns 318,444 shares of the bank’s stock worth $10,891,000 after acquiring an additional 47,119 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of First Bancshares by 15.1% in the 2nd quarter. Vanguard Group Inc. now owns 245,310 shares of the bank’s stock worth $6,770,000 after acquiring an additional 32,117 shares during the last quarter. 67.40% of the stock is owned by institutional investors and hedge funds.
Shares of FBMS stock traded up $0.65 during trading hours on Friday, hitting $33.35. The company had a trading volume of 68,205 shares, compared to its average volume of 17,123. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.63. The firm has a market cap of $372.39, a P/E ratio of 29.78 and a beta of -0.38. First Bancshares Inc has a 1 year low of $26.05 and a 1 year high of $35.10.
First Bancshares (NASDAQ:FBMS) last issued its quarterly earnings data on Friday, January 26th. The bank reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. The firm had revenue of $18.78 million during the quarter, compared to the consensus estimate of $19.55 million. First Bancshares had a return on equity of 10.36% and a net margin of 13.20%. sell-side analysts expect that First Bancshares Inc will post 2.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Monday, February 5th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. This is an increase from First Bancshares’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Friday, February 2nd. First Bancshares’s dividend payout ratio (DPR) is presently 17.86%.
A number of brokerages have issued reports on FBMS. ValuEngine raised First Bancshares from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded First Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, December 29th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $39.00 target price on shares of First Bancshares in a research note on Friday, December 22nd. BidaskClub downgraded First Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Finally, Stephens reissued a “buy” rating and set a $37.00 price objective on shares of First Bancshares in a research report on Tuesday, January 30th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $38.00.
First Bancshares Company Profile
The First Bancshares, Inc is a bank holding company for The First, A National Banking Association (the Bank). The Company and the Bank engage in a general commercial and retail banking business for small to medium-sized businesses, professional concerns and individuals. The Bank provides a range of banking services in its primary market area of South Mississippi, South Alabama and Louisiana.
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