Curi RMB Capital LLC Sells 30,736 Shares of The First Bancshares, Inc. (NASDAQ:FBMS)

Curi RMB Capital LLC decreased its holdings in The First Bancshares, Inc. (NASDAQ:FBMS - Free Report) by 10.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 259,264 shares of the bank's stock after selling 30,736 shares during the quarter. Curi RMB Capital LLC owned 0.83% of First Bancshares worth $8,330,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Entropy Technologies LP purchased a new stake in First Bancshares in the 3rd quarter worth about $203,000. Versor Investments LP bought a new position in First Bancshares during the third quarter valued at about $1,666,000. Wolverine Asset Management LLC bought a new stake in shares of First Bancshares during the 3rd quarter worth about $1,054,000. Principal Financial Group Inc. bought a new stake in shares of First Bancshares during the 3rd quarter worth about $846,000. Finally, Olympiad Research LP acquired a new position in shares of First Bancshares during the 3rd quarter valued at about $997,000. Institutional investors own 69.95% of the company's stock.

Analyst Ratings Changes

FBMS has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised First Bancshares from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $31.00 to $40.00 in a research report on Friday, August 2nd. Hovde Group raised their target price on shares of First Bancshares from $29.00 to $32.50 and gave the company a "market perform" rating in a research note on Monday, July 29th. Janney Montgomery Scott lowered shares of First Bancshares from a "buy" rating to a "neutral" rating in a research report on Thursday, October 24th. Finally, StockNews.com began coverage on shares of First Bancshares in a report on Wednesday. They set a "sell" rating for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $35.50.

First Bancshares Stock Performance

FBMS traded up $0.08 on Friday, hitting $36.33. 94,628 shares of the stock traded hands, compared to its average volume of 192,624. The business has a fifty day moving average price of $33.15 and a two-hundred day moving average price of $29.69. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $1.13 billion, a PE ratio of 16.44 and a beta of 0.91. The First Bancshares, Inc. has a 52 week low of $22.96 and a 52 week high of $38.21.

First Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 2.75%. First Bancshares's dividend payout ratio is currently 45.25%.

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.