Chicago Capital Management LLC Purchases New Position in The First Bancshares, Inc. (NASDAQ:FBMS)

Chicago Capital Management LLC purchased a new stake in The First Bancshares, Inc. (NASDAQ:FBMS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,043 shares of the bank's stock, valued at approximately $352,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. purchased a new stake in First Bancshares in the third quarter valued at about $846,000. JPMorgan Chase & Co. raised its position in shares of First Bancshares by 5.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 475,014 shares of the bank's stock valued at $15,262,000 after purchasing an additional 26,349 shares during the last quarter. State Street Corp boosted its stake in First Bancshares by 3.0% in the 3rd quarter. State Street Corp now owns 971,246 shares of the bank's stock worth $31,206,000 after purchasing an additional 28,215 shares in the last quarter. Barclays PLC grew its position in First Bancshares by 48.1% during the 3rd quarter. Barclays PLC now owns 86,748 shares of the bank's stock worth $2,787,000 after purchasing an additional 28,184 shares during the last quarter. Finally, Citigroup Inc. increased its stake in First Bancshares by 1,454.0% during the 3rd quarter. Citigroup Inc. now owns 619,730 shares of the bank's stock valued at $19,912,000 after purchasing an additional 579,851 shares in the last quarter. Hedge funds and other institutional investors own 69.95% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FBMS. StockNews.com assumed coverage on First Bancshares in a research report on Saturday. They issued a "sell" rating on the stock. Keefe, Bruyette & Woods raised their price objective on First Bancshares from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th.

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First Bancshares Stock Performance

Shares of NASDAQ FBMS traded down $1.31 during trading on Friday, reaching $33.74. 180,304 shares of the company traded hands, compared to its average volume of 181,076. The stock has a market cap of $1.05 billion, a P/E ratio of 13.83 and a beta of 0.92. The firm's fifty day simple moving average is $36.06 and its 200 day simple moving average is $35.01. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The First Bancshares, Inc. has a 12-month low of $22.96 and a 12-month high of $39.21.

First Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Monday, February 10th. First Bancshares's payout ratio is presently 40.98%.

About First Bancshares

The First Bancshares, Inc operates as the bank holding company for The First Bank that provides general commercial and retail banking services. The company operates through three segments: Commercial/Retail Bank, Mortgage Banking Division, and Holding Company. It offers deposit services, including checking, NOW, and savings accounts; other time deposits, such as daily money market accounts and longer-term certificates of deposit; and individual retirement and health savings accounts.