Versor Investments LP Sells 7,201 Shares of The First Bancshares, Inc. (NASDAQ:FBMS)

Versor Investments LP reduced its stake in shares of The First Bancshares, Inc. (NASDAQ:FBMS - Free Report) by 13.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,644 shares of the bank's stock after selling 7,201 shares during the quarter. Versor Investments LP owned about 0.14% of First Bancshares worth $1,563,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC increased its holdings in shares of First Bancshares by 50.8% in the third quarter. FMR LLC now owns 3,194 shares of the bank's stock worth $103,000 after acquiring an additional 1,076 shares in the last quarter. Centiva Capital LP grew its position in shares of First Bancshares by 17.8% in the 3rd quarter. Centiva Capital LP now owns 9,767 shares of the bank's stock valued at $314,000 after purchasing an additional 1,476 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in First Bancshares by 11.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,751 shares of the bank's stock worth $530,000 after purchasing an additional 1,711 shares in the last quarter. Principal Financial Group Inc. raised its holdings in First Bancshares by 10.0% during the 4th quarter. Principal Financial Group Inc. now owns 28,944 shares of the bank's stock worth $1,013,000 after buying an additional 2,624 shares during the period. Finally, Empowered Funds LLC lifted its stake in First Bancshares by 5.3% in the third quarter. Empowered Funds LLC now owns 93,066 shares of the bank's stock valued at $2,990,000 after buying an additional 4,690 shares in the last quarter. 69.95% of the stock is owned by institutional investors.

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First Bancshares Stock Down 0.3 %

Shares of FBMS stock traded down $0.11 during trading on Monday, reaching $35.56. The company's stock had a trading volume of 162,528 shares, compared to its average volume of 141,488. The First Bancshares, Inc. has a one year low of $22.96 and a one year high of $39.21. The business has a fifty day moving average price of $36.17 and a 200-day moving average price of $34.79. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 14.57 and a beta of 0.94. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33.

First Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 2.81%. First Bancshares's dividend payout ratio (DPR) is presently 40.98%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FBMS shares. StockNews.com began coverage on shares of First Bancshares in a report on Tuesday, February 25th. They set a "sell" rating on the stock. Keefe, Bruyette & Woods lifted their price target on First Bancshares from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th.

First Bancshares 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.