First Bancshares Inc (NASDAQ:FBMS) shares reached a new 52-week high and low during trading on Thursday . The stock traded as low as $35.70 and last traded at $35.60, with a volume of 200 shares trading hands. The stock had previously closed at $35.40.
Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of First Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub cut shares of First Bancshares from a “buy” rating to a “hold” rating in a report on Friday, June 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $38.00.
The firm has a market cap of $433.73 million, a price-to-earnings ratio of 19.63 and a beta of -0.38. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.84 and a current ratio of 0.84.
First Bancshares (NASDAQ:FBMS) last issued its earnings results on Tuesday, April 24th. The bank reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.02). The firm had revenue of $19.84 million during the quarter, compared to analyst estimates of $19.96 million. First Bancshares had a net margin of 16.11% and a return on equity of 9.28%. research analysts predict that First Bancshares Inc will post 2.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 22nd. Investors of record on Monday, May 7th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, May 4th. This represents a $0.20 annualized dividend and a yield of 0.58%. First Bancshares’s dividend payout ratio (DPR) is 11.36%.
A number of large investors have recently modified their holdings of FBMS. Barclays PLC raised its holdings in First Bancshares by 91.2% during the first quarter. Barclays PLC now owns 3,421 shares of the bank’s stock worth $111,000 after purchasing an additional 1,632 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in First Bancshares by 0.5% during the first quarter. The Manufacturers Life Insurance Company now owns 420,296 shares of the bank’s stock worth $13,555,000 after purchasing an additional 2,210 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in First Bancshares by 14.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 21,971 shares of the bank’s stock worth $709,000 after purchasing an additional 2,700 shares in the last quarter. California State Teachers Retirement System raised its holdings in First Bancshares by 21.5% during the fourth quarter. California State Teachers Retirement System now owns 16,387 shares of the bank’s stock worth $560,000 after purchasing an additional 2,904 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its holdings in First Bancshares by 3.4% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 91,358 shares of the bank’s stock worth $3,124,000 after purchasing an additional 3,030 shares in the last quarter. 62.51% of the stock is currently owned by hedge funds and other institutional investors.
First Bancshares Company 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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