First Bancshares (NASDAQ:FBMS) Hits New 1-Year Low at $28.08

The First Bancshares, Inc. (NASDAQ:FBMSGet Rating)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $28.08 and last traded at $28.16, with a volume of 974 shares traded. The stock had previously closed at $28.57.

Several research analysts have recently issued reports on FBMS shares. DA Davidson cut their price target on First Bancshares to $4.00 and set a “na” rating for the company in a research note on Monday, May 16th. StockNews.com cut First Bancshares from a “buy” rating to a “hold” rating in a report on Monday, May 23rd.

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market cap of $609.69 million, a PE ratio of 9.34 and a beta of 1.08. The stock has a fifty day moving average price of $31.32 and a 200-day moving average price of $34.93.

First Bancshares (NASDAQ:FBMSGet Rating) last issued its earnings results on Tuesday, April 26th. The bank reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.02). First Bancshares had a return on equity of 9.38% and a net margin of 30.15%. The firm had revenue of $49.80 million for the quarter, compared to analysts’ expectations of $50.72 million. As a group, equities analysts predict that The First Bancshares, Inc. will post 3.1 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 25th. Stockholders of record on Tuesday, May 10th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.57%. This is an increase from First Bancshares’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, May 9th. First Bancshares’s dividend payout ratio is currently 23.53%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in shares of First Bancshares during the fourth quarter valued at $57,000. Royal Bank of Canada lifted its stake in First Bancshares by 72.8% in the 3rd quarter. Royal Bank of Canada now owns 2,398 shares of the bank’s stock worth $93,000 after acquiring an additional 1,010 shares in the last quarter. Citigroup Inc. increased its position in First Bancshares by 96.1% in the 3rd quarter. Citigroup Inc. now owns 2,669 shares of the bank’s stock worth $104,000 after purchasing an additional 1,308 shares during the last quarter. UBS Group AG increased its position in First Bancshares by 1,274.0% in the 3rd quarter. UBS Group AG now owns 5,496 shares of the bank’s stock worth $213,000 after purchasing an additional 5,096 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in First Bancshares by 94.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,751 shares of the bank’s stock worth $223,000 after purchasing an additional 2,786 shares during the last quarter. 65.17% of the stock is owned by institutional investors and hedge funds.

First Bancshares Company Profile (NASDAQ:FBMS)

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 and health savings accounts.

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