Forest Hill Capital LLC acquired a new stake in shares of First Bancshares Inc (NASDAQ:FBMS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 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 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of FBMS. Teachers Advisors LLC purchased a new stake in First Bancshares during the second quarter valued at about $415,000. TIAA CREF Investment Management LLC purchased a new stake in First Bancshares during the second quarter valued at about $626,000. Nationwide Fund Advisors purchased a new stake in First Bancshares during the second quarter valued at about $128,000. New York State Common Retirement Fund purchased a new stake in shares of First Bancshares in the second quarter worth approximately $251,000. Finally, Northern Trust Corp purchased a new stake in shares of First Bancshares in the second quarter worth approximately $2,153,000. 67.40% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on FBMS shares. Zacks Investment Research lowered shares of First Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $39.00 price target on shares of First Bancshares in a research report on Friday, December 22nd. ValuEngine raised shares of First Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub raised shares of First Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, February 10th. Finally, Stephens reissued a “buy” rating and issued a $37.00 price target on shares of First Bancshares in a research report on Tuesday, January 30th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $38.00.
First Bancshares (NASDAQ:FBMS) last released its quarterly earnings data on Friday, January 26th. The bank reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. First Bancshares had a return on equity of 10.36% and a net margin of 13.20%. The firm had revenue of $18.78 million for the quarter, compared to the consensus estimate of $19.55 million. research analysts anticipate that First Bancshares Inc will post 2.28 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Monday, February 5th were issued a $0.05 dividend. The ex-dividend date was Friday, February 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%. This is an increase from First Bancshares’s previous quarterly dividend of $0.04. First Bancshares’s dividend payout ratio is currently 17.86%.
COPYRIGHT VIOLATION WARNING: “Forest Hill Capital LLC Acquires New Position in First Bancshares Inc (FBMS)” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/03/14/forest-hill-capital-llc-acquires-new-position-in-first-bancshares-inc-fbms.html.
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.
Want to see what other hedge funds are holding FBMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Bancshares Inc (NASDAQ:FBMS).
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.