Ausdal Financial Partners Inc. purchased a new position in First Bancshares Inc (NASDAQ:FBMS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,000 shares of the bank’s stock, valued at approximately $205,000. Ausdal Financial Partners Inc. owned 0.05% of First Bancshares at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of First Bancshares by 34.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 418,086 shares of the bank’s stock worth $14,299,000 after acquiring an additional 107,029 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of First Bancshares by 47.3% in the fourth quarter. Wells Fargo & Company MN now owns 18,562 shares of the bank’s stock worth $635,000 after acquiring an additional 5,960 shares during the period. First Trust Advisors LP bought a new position in shares of First Bancshares in the fourth quarter worth $742,000. Maltese Capital Management LLC boosted its holdings in shares of First Bancshares by 17.4% in the fourth quarter. Maltese Capital Management LLC now owns 318,444 shares of the bank’s stock worth $10,891,000 after acquiring an additional 47,119 shares during the period. Finally, Bessemer Group Inc. purchased a new stake in shares of First Bancshares in the fourth quarter worth $164,000. 51.69% of the stock is owned by hedge funds and other institutional investors.
Shares of First Bancshares Inc (NASDAQ:FBMS) opened at $32.25 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.85. First Bancshares Inc has a 12-month low of $26.05 and a 12-month high of $35.10. The stock has a market capitalization of $358.98, a price-to-earnings ratio of 24.62 and a beta of -0.40.
First Bancshares (NASDAQ:FBMS) last issued its quarterly earnings data on Friday, January 26th. The bank reported $0.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.45. First Bancshares had a return on equity of 10.36% and a net margin of 13.20%. The company had revenue of $18.78 million for the quarter, compared to the consensus estimate of $19.55 million. analysts expect that First Bancshares Inc will post 2.28 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, February 5th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, February 2nd. This is an increase from First Bancshares’s previous quarterly dividend of $0.04. First Bancshares’s dividend payout ratio (DPR) is 15.27%.
A number of equities research analysts recently issued reports on the company. ValuEngine upgraded First Bancshares from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research downgraded First Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, December 29th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $39.00 price objective on shares of First Bancshares in a research report on Friday, December 22nd. BidaskClub downgraded First Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Finally, Stephens reiterated a “buy” rating and issued a $37.00 price objective on shares of First Bancshares in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $38.00.
First Bancshares Profile
The First Bancshares, Inc is a bank holding company for The First, A National Banking Association (the Bank). The Company and the Bank engage in a general commercial and retail banking business for small to medium-sized businesses, professional concerns and individuals. The Bank provides a range of banking services in its primary market area of South Mississippi, South Alabama and Louisiana.
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