StockNews.com started coverage on shares of First Bancshares (NASDAQ:FBMS - Free Report) in a research report released on Sunday. The brokerage issued a hold rating on the bank's stock.
First Bancshares Stock Performance
FBMS stock traded up $0.10 during midday trading on Friday, reaching $33.75. 2,277,247 shares of the company's stock traded hands, compared to its average volume of 189,038. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. First Bancshares has a 52-week low of $22.96 and a 52-week high of $39.21. The stock has a market cap of $1.05 billion, a P/E ratio of 13.83 and a beta of 0.92. The stock's 50-day moving average is $35.36 and its 200 day moving average is $35.10.
First Bancshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.96%. First Bancshares's payout ratio is currently 40.98%.
Hedge Funds Weigh In On First Bancshares
A number of hedge funds have recently modified their holdings of the company. Vestcor Inc purchased a new stake in First Bancshares in the 4th quarter worth $25,000. Meeder Asset Management Inc. bought a new position in shares of First Bancshares in the fourth quarter worth about $29,000. Sterling Capital Management LLC grew its position in shares of First Bancshares by 864.4% during the fourth quarter. Sterling Capital Management LLC now owns 974 shares of the bank's stock worth $34,000 after purchasing an additional 873 shares in the last quarter. GAMMA Investing LLC raised its stake in First Bancshares by 11,808.7% during the 1st quarter. GAMMA Investing LLC now owns 2,739 shares of the bank's stock valued at $93,000 after purchasing an additional 2,716 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in First Bancshares by 26.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,102 shares of the bank's stock worth $109,000 after purchasing an additional 641 shares in the last quarter. 69.95% of the stock is currently owned by institutional investors.
About First Bancshares
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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.
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