Northern Trust Corp boosted its holdings in First Bancshares Inc (NASDAQ:FBMS) by 25.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,887 shares of the bank’s stock after acquiring an additional 27,278 shares during the quarter. Northern Trust Corp owned 1.04% of First Bancshares worth $4,885,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Voya Investment Management LLC bought a new stake in First Bancshares during the second quarter worth about $202,000. Harbor Advisors LLC bought a new stake in First Bancshares during the second quarter worth about $204,000. Hartford Investment Management Co. bought a new stake in First Bancshares during the second quarter worth about $204,000. Ausdal Financial Partners Inc. bought a new stake in First Bancshares during the second quarter worth about $216,000. Finally, MetLife Investment Advisors LLC grew its stake in First Bancshares by 37.0% during the second quarter. MetLife Investment Advisors LLC now owns 6,100 shares of the bank’s stock worth $219,000 after buying an additional 1,646 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.
FBMS opened at $34.82 on Wednesday. First Bancshares Inc has a one year low of $29.75 and a one year high of $43.53. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.56. The company has a market cap of $525.55 million, a PE ratio of 16.47 and a beta of -0.04.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Wednesday, November 7th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, November 6th. This represents a $0.20 annualized dividend and a dividend yield of 0.57%. First Bancshares’s dividend payout ratio (DPR) is currently 11.36%.
FBMS has been the topic of several research analyst reports. Zacks Investment Research raised shares of First Bancshares from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective on the stock in a research note on Monday, August 6th. BidaskClub cut shares of First Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Stephens set a $39.00 price target on shares of First Bancshares and gave the company a “buy” rating in a research note on Wednesday, November 7th. Finally, ValuEngine cut shares of First Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $39.00.
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First Bancshares Profile
The First Bancshares, Inc operates as the holding company for The First, A National Banking Association 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 accounts.
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