Pacific Ridge Capital Partners LLC trimmed its position in shares of First Bancshares Inc (NASDAQ:FBMS) by 46.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,937 shares of the bank’s stock after selling 45,917 shares during the period. Pacific Ridge Capital Partners LLC owned about 0.41% of First Bancshares worth $2,067,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of First Bancshares by 1.9% during the third quarter. BlackRock Inc. now owns 619,880 shares of the bank’s stock worth $24,206,000 after buying an additional 11,732 shares during the period. Stieven Capital Advisors L.P. increased its stake in shares of First Bancshares by 0.3% during the third quarter. Stieven Capital Advisors L.P. now owns 580,233 shares of the bank’s stock worth $22,658,000 after buying an additional 1,600 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of First Bancshares by 28.7% during the third quarter. Dimensional Fund Advisors LP now owns 178,286 shares of the bank’s stock worth $6,962,000 after buying an additional 39,796 shares during the period. Northern Trust Corp increased its stake in shares of First Bancshares by 25.1% during the second quarter. Northern Trust Corp now owns 135,887 shares of the bank’s stock worth $4,885,000 after buying an additional 27,278 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of First Bancshares by 97.2% during the second quarter. Renaissance Technologies LLC now owns 111,600 shares of the bank’s stock worth $4,012,000 after buying an additional 55,000 shares during the period. Hedge funds and other institutional investors own 58.85% of the company’s stock.
FBMS stock opened at $32.47 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 0.92. First Bancshares Inc has a fifty-two week low of $29.75 and a fifty-two week high of $43.53. The company has a market cap of $489.05 million, a P/E ratio of 15.33 and a beta of -0.04.
First Bancshares (NASDAQ:FBMS) last announced its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01. The firm had revenue of $26.74 million during the quarter, compared to the consensus estimate of $26.48 million. First Bancshares had a return on equity of 10.01% and a net margin of 16.09%. Analysts anticipate that First Bancshares Inc will post 2.28 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Wednesday, November 7th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Tuesday, November 6th. First Bancshares’s dividend payout ratio (DPR) is 11.36%.
FBMS has been the topic of a number of recent research reports. Stephens set a $39.00 target price on shares of First Bancshares and gave the stock a “buy” rating in a research note on Wednesday, November 7th. BidaskClub lowered shares of First Bancshares from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 27th. Zacks Investment Research upgraded shares of First Bancshares from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Friday. Finally, ValuEngine lowered shares of First Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. First Bancshares presently has an average rating of “Hold” and an average target price of $38.33.
In related news, CEO M Ray Cole, Jr. sold 5,436 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $35.36, for a total value of $192,216.96. Following the completion of the transaction, the chief executive officer now directly owns 70,267 shares of the company’s stock, valued at $2,484,641.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.76% of the company’s stock.
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First Bancshares 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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