The First Bancshares, Inc. (NASDAQ:FBMS) Plans $0.04 Quarterly Dividend
The First Bancshares, Inc. (NASDAQ:FBMS) declared a quarterly dividend on Monday, July 24th, Wall Street Journal reports. Investors of record on Friday, August 4th will be paid a dividend of 0.0375 per share by the bank on Thursday, August 24th. This represents a $0.15 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Wednesday, August 2nd.
Shares of The First Bancshares (NASDAQ:FBMS) traded down 1.30% during trading on Monday, reaching $26.60. 7,363 shares of the company traded hands. The firm has a market capitalization of $243.26 million, a price-to-earnings ratio of 26.31 and a beta of -0.31. The company has a 50 day moving average price of $27.59 and a 200 day moving average price of $28.11. The First Bancshares has a 12-month low of $17.01 and a 12-month high of $30.80.
A number of brokerages have recently issued reports on FBMS. Zacks Investment Research downgraded shares of The First Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $31.00 price target on shares of The First Bancshares in a research report on Wednesday, April 5th. Finally, ValuEngine upgraded shares of The First Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
In related news, Chairman E Ricky Gibson bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average price of $28.40 per share, for a total transaction of $56,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider M Ray Cole, Jr. sold 11,917 shares of the business’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $28.26, for a total transaction of $336,774.42. Following the transaction, the insider now owns 61,270 shares in the company, valued at approximately $1,731,490.20. The disclosure for this sale can be found here. Insiders sold a total of 19,917 shares of company stock worth $565,882 in the last 90 days. Corporate insiders own 11.76% of the company’s stock.
The First Bancshares Company 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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