According to Zacks, “The FIRST BANCSHARES, INC., headquartered in Hattiesburg, Mississippi, is the parent company of The First, A National Banking Association. The First is now ranked in the top twenty banks by asset size in Mississippi. The First has operations in Hattiesburg, Laurel, Purvis, Picayune, Pascagoula, Bay St. Louis, Wiggins and Gulfport, Mississippi. The Company and its subsidiary bank engage in a general commercial and retail banking business characterized by personalized service and local decision-making, emphasizing the banking needs of small to medium-sized businesses, professional concerns and individuals. The products and services offered by the bank include deposit services, loan products, mortgage loan divisions and other services. “
A number of other research firms have also commented on FBMS. Stephens reissued a buy rating and issued a $37.00 target price on shares of First Bancshares in a report on Tuesday, February 5th. BidaskClub lowered First Bancshares from a sell rating to a strong sell rating in a report on Wednesday, February 20th. Finally, ValuEngine lowered First Bancshares from a hold rating to a sell rating in a report on Wednesday, March 6th.
First Bancshares (NASDAQ:FBMS) last posted its earnings results on Monday, April 22nd. The bank reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). The business had revenue of $32.69 million during the quarter, compared to the consensus estimate of $32.58 million. First Bancshares had a return on equity of 10.24% and a net margin of 18.16%. Equities research analysts forecast that First Bancshares will post 2.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.08 dividend. This is a positive change from First Bancshares’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.02%. First Bancshares’s dividend payout ratio (DPR) is presently 13.97%.
Several institutional investors have recently bought and sold shares of the business. RMB Capital Management LLC increased its holdings in shares of First Bancshares by 1.0% in the 1st quarter. RMB Capital Management LLC now owns 838,527 shares of the bank’s stock worth $25,910,000 after purchasing an additional 7,964 shares in the last quarter. BlackRock Inc. grew its holdings in shares of First Bancshares by 1.6% in the first quarter. BlackRock Inc. now owns 669,016 shares of the bank’s stock worth $20,672,000 after acquiring an additional 10,426 shares during the period. Wellington Management Group LLP grew its holdings in shares of First Bancshares by 1.5% in the first quarter. Wellington Management Group LLP now owns 578,796 shares of the bank’s stock worth $17,885,000 after acquiring an additional 8,630 shares during the period. Mendon Capital Advisors Corp grew its holdings in shares of First Bancshares by 12.0% in the first quarter. Mendon Capital Advisors Corp now owns 516,865 shares of the bank’s stock worth $15,971,000 after acquiring an additional 55,406 shares during the period. Finally, Banc Funds Co. LLC grew its holdings in shares of First Bancshares by 1.5% in the first quarter. Banc Funds Co. LLC now owns 509,778 shares of the bank’s stock worth $15,752,000 after acquiring an additional 7,500 shares during the period. 51.66% of the stock is owned by institutional investors and hedge funds.
About First Bancshares
The First Bancshares, Inc operates as the bank 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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