E Ricky Gibson Acquires 2,000 Shares of First Bancshares Inc (FBMS) Stock
First Bancshares Inc (NASDAQ:FBMS) Chairman E Ricky Gibson bought 2,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average cost of $28.40 per share, with a total value of $56,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
E Ricky Gibson also recently made the following trade(s):
- On Friday, March 17th, E Ricky Gibson acquired 149 shares of First Bancshares stock. The shares were acquired at an average cost of $28.00 per share, with a total value of $4,172.00.
First Bancshares Inc (NASDAQ:FBMS) traded down 0.18% during mid-day trading on Tuesday, hitting $28.45. The stock had a trading volume of 9,630 shares. First Bancshares Inc has a 12-month low of $16.00 and a 12-month high of $30.80. The company has a 50-day moving average of $28.31 and a 200-day moving average of $27.11. The firm has a market cap of $259.55 million, a PE ratio of 24.38 and a beta of -0.18.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 24th. Shareholders of record on Wednesday, May 3rd will be paid a $0.0375 dividend. The ex-dividend date is Monday, May 1st. This represents a $0.15 dividend on an annualized basis and a yield of 0.53%. First Bancshares’s payout ratio is currently 9.15%.
ILLEGAL ACTIVITY NOTICE: “E Ricky Gibson Acquires 2,000 Shares of First Bancshares Inc (FBMS) Stock” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/05/16/e-ricky-gibson-acquires-2000-shares-of-first-bancshares-inc-fbms-stock.html.
Institutional investors have recently modified their holdings of the stock. Morgan Stanley bought a new position in shares of First Bancshares during the first quarter worth approximately $173,000. Dimensional Fund Advisors LP increased its position in shares of First Bancshares by 18.6% in the first quarter. Dimensional Fund Advisors LP now owns 24,483 shares of the bank’s stock worth $698,000 after buying an additional 3,832 shares during the last quarter. Geode Capital Management LLC bought a new position in shares of First Bancshares during the first quarter worth approximately $945,000. Pacific Ridge Capital Partners LLC increased its position in shares of First Bancshares by 19.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 98,168 shares of the bank’s stock worth $2,798,000 after buying an additional 16,310 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of First Bancshares by 145.8% in the first quarter. Vanguard Group Inc. now owns 213,193 shares of the bank’s stock worth $6,076,000 after buying an additional 126,470 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.
FBMS has been the subject of several analyst reports. Zacks Investment Research raised First Bancshares from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, April 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $31.00 price objective on shares of First Bancshares in a research report on Wednesday, April 5th.
About First Bancshares
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 Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Bancshares Inc and related companies with MarketBeat.com's FREE daily email newsletter.