1,550 Shares in The First Bancshares, Inc. (NASDAQ:FBMS) Bought by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC bought a new position in The First Bancshares, Inc. (NASDAQ:FBMSGet Rating) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,550 shares of the bank’s stock, valued at approximately $44,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FBMS. Amalgamated Bank bought a new position in First Bancshares in the first quarter worth $82,000. SG Americas Securities LLC bought a new position in First Bancshares in the second quarter worth $153,000. Strs Ohio bought a new position in First Bancshares in the second quarter worth $168,000. Bank of Montreal Can bought a new position in First Bancshares in the first quarter worth $242,000. Finally, American Century Companies Inc. lifted its position in First Bancshares by 23.2% in the first quarter. American Century Companies Inc. now owns 7,354 shares of the bank’s stock worth $248,000 after purchasing an additional 1,386 shares during the period. 55.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FBMS has been the subject of a number of analyst reports. Hovde Group raised First Bancshares from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Monday, October 31st. Stephens lifted their price objective on First Bancshares from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Monday, October 31st. StockNews.com initiated coverage on First Bancshares in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Janney Montgomery Scott raised First Bancshares from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $33.50 to $39.00 in a report on Wednesday, November 9th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.00.

First Bancshares Stock Performance

Shares of NASDAQ:FBMS opened at $33.96 on Monday. The First Bancshares, Inc. has a twelve month low of $26.95 and a twelve month high of $42.17. The firm has a market cap of $815.99 million, a PE ratio of 11.59 and a beta of 0.92. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.70 and a current ratio of 0.70. The business has a fifty day moving average of $31.62 and a 200-day moving average of $30.43.

First Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Tuesday, November 8th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, November 7th. This is a positive change from First Bancshares’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.36%. First Bancshares’s dividend payout ratio (DPR) is 27.30%.

About First Bancshares

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding FBMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The First Bancshares, Inc. (NASDAQ:FBMSGet Rating).

Institutional Ownership by Quarter for First Bancshares (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.