Yakira Capital Management Inc. Invests $1.30 Million in The First Bancshares, Inc. (NASDAQ:FBMS)

Yakira Capital Management Inc. bought a new position in The First Bancshares, Inc. (NASDAQ:FBMS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 37,164 shares of the bank's stock, valued at approximately $1,301,000. Yakira Capital Management Inc. owned 0.12% of First Bancshares as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vestcor Inc purchased a new stake in shares of First Bancshares in the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new stake in shares of First Bancshares in the 4th quarter worth $29,000. FMR LLC lifted its holdings in shares of First Bancshares by 50.8% in the 3rd quarter. FMR LLC now owns 3,194 shares of the bank's stock worth $103,000 after buying an additional 1,076 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of First Bancshares during the 4th quarter worth $182,000. Finally, Verition Fund Management LLC purchased a new position in shares of First Bancshares during the third quarter valued at $236,000. 69.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of First Bancshares in a research note on Sunday, April 6th. They issued a "hold" rating for the company.

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First Bancshares Stock Up 0.3 %

First Bancshares stock traded up $0.10 during mid-day trading on Friday, reaching $33.75. 2,277,247 shares of the company were exchanged, compared to its average volume of 189,038. 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 firm has a market cap of $1.05 billion, a P/E ratio of 13.83 and a beta of 0.92. The business has a fifty day moving average of $35.36 and a 200 day moving average of $35.10. 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 disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date was Monday, February 10th. First Bancshares's payout ratio is currently 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.