Forest Hill Capital LLC purchased a new position in First Bancshares Inc (NASDAQ:FBMS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 127,277 shares of the bank’s stock, valued at approximately $4,353,000. Forest Hill Capital LLC owned approximately 1.14% of First Bancshares as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of FBMS. Banc Funds Co. LLC lifted its position in First Bancshares by 8.4% in the 4th quarter. Banc Funds Co. LLC now owns 746,364 shares of the bank’s stock valued at $25,526,000 after acquiring an additional 57,521 shares in the last quarter. BlackRock Inc. lifted its position in First Bancshares by 22.1% in the 4th quarter. BlackRock Inc. now owns 448,434 shares of the bank’s stock valued at $15,336,000 after acquiring an additional 81,244 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in First Bancshares by 34.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 418,086 shares of the bank’s stock valued at $14,299,000 after acquiring an additional 107,029 shares in the last quarter. Castine Capital Management LLC lifted its position in First Bancshares by 7.9% in the 3rd quarter. Castine Capital Management LLC now owns 322,714 shares of the bank’s stock valued at $9,730,000 after acquiring an additional 23,764 shares in the last quarter. Finally, Maltese Capital Management LLC lifted its position in First Bancshares by 17.4% in the 4th quarter. Maltese Capital Management LLC now owns 318,444 shares of the bank’s stock valued at $10,891,000 after acquiring an additional 47,119 shares in the last quarter. 67.40% of the stock is currently owned by hedge funds and other institutional investors.
FBMS stock traded up $0.20 during midday trading on Wednesday, hitting $33.30. The stock had a trading volume of 37,220 shares, compared to its average volume of 20,633. The company has a market cap of $410.90, a PE ratio of 18.81 and a beta of -0.38. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 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.
First Bancshares (NASDAQ:FBMS) last posted its quarterly earnings data on Friday, January 26th. The bank reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $18.78 million during the quarter, compared to analyst estimates of $19.55 million. First Bancshares had a return on equity of 9.49% and a net margin of 13.20%. analysts expect that First Bancshares Inc will post 2.21 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Monday, February 5th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.60%. This is a positive change from First Bancshares’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Friday, February 2nd. First Bancshares’s dividend payout ratio is 17.86%.
Several equities analysts have recently weighed in on the company. ValuEngine raised First Bancshares from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research cut First Bancshares from a “buy” rating to a “hold” rating in a report on Friday, December 29th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $39.00 price target on shares of First Bancshares in a report on Friday, December 22nd. BidaskClub cut First Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Finally, Stephens reissued a “buy” rating and set a $37.00 price target on shares of First Bancshares in a report on Tuesday, January 30th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $38.00.
WARNING: “Forest Hill Capital LLC Invests $4.35 Million in First Bancshares Inc (NASDAQ:FBMS)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://ledgergazette.com/2018/03/21/forest-hill-capital-llc-acquires-new-holdings-in-first-bancshares-inc-fbms.html.
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.
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.