Northern Trust Corp Has $4.89 Million Position in First Bancshares Inc (FBMS)

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.

First Bancshares (NASDAQ:FBMS) last released its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. First Bancshares had a net margin of 16.09% and a return on equity of 10.01%. The business had revenue of $26.74 million for the quarter, compared to analysts’ expectations of $26.48 million. As a group, equities analysts anticipate that First Bancshares Inc will post 2.28 EPS for the current fiscal year.

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.

WARNING: This article was originally published by Markets Daily and is owned by of Markets Daily. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.themarketsdaily.com/2018/11/21/northern-trust-corp-has-4-89-million-position-in-first-bancshares-inc-fbms.html.

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.

Featured Article: What are defining characteristics of a correction?

Institutional Ownership by Quarter for First Bancshares (NASDAQ:FBMS)

Receive News & Ratings for First Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply