Strategic Financial Concepts LLC Invests $6.30 Million in The First Bancshares, Inc. (NASDAQ:FBMS)

Strategic Financial Concepts LLC acquired a new stake in shares of The First Bancshares, Inc. (NASDAQ:FBMS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 179,900 shares of the bank's stock, valued at approximately $6,296,000. Strategic Financial Concepts LLC owned approximately 0.58% of First Bancshares as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FBMS. SG Americas Securities LLC boosted its stake in shares of First Bancshares by 54.3% in the 3rd quarter. SG Americas Securities LLC now owns 19,133 shares of the bank's stock worth $615,000 after buying an additional 6,731 shares during the last quarter. CWM LLC boosted its stake in shares of First Bancshares by 73.2% in the 3rd quarter. CWM LLC now owns 2,960 shares of the bank's stock worth $95,000 after buying an additional 1,251 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of First Bancshares by 11.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,751 shares of the bank's stock worth $530,000 after buying an additional 1,711 shares during the last quarter. Olympiad Research LP purchased a new position in shares of First Bancshares in the 3rd quarter worth $997,000. Finally, Principal Financial Group Inc. purchased a new position in shares of First Bancshares in the 3rd quarter worth $846,000. Institutional investors own 69.95% of the company's stock.

First Bancshares Stock Down 2.1 %

First Bancshares stock traded down $0.80 during mid-day trading on Wednesday, reaching $37.45. 105,964 shares of the company were exchanged, compared to its average volume of 142,967. The business has a fifty day moving average of $36.04 and a 200 day moving average of $34.35. The firm has a market cap of $1.17 billion, a P/E ratio of 15.35 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. The First Bancshares, Inc. has a 12-month low of $22.96 and a 12-month high of $39.21.

First Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.67%. First Bancshares's dividend payout ratio is currently 40.98%.

Analyst Ratings Changes

FBMS has been the topic of several analyst reports. StockNews.com initiated coverage on First Bancshares in a research report on Sunday. They set a "sell" rating on the stock. Keefe, Bruyette & Woods raised their price target on First Bancshares from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Finally, Janney Montgomery Scott cut First Bancshares from a "buy" rating to a "neutral" rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $38.75.

First Bancshares Company Profile

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.