First Bancshares (NASDAQ:FBMS – Get Rating) announced its earnings results on Tuesday. The bank reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72, MarketWatch Earnings reports. First Bancshares had a return on equity of 9.72% and a net margin of 29.95%.
NASDAQ:FBMS traded up $0.41 during trading hours on Wednesday, hitting $32.90. 246 shares of the company’s stock traded hands, compared to its average volume of 74,177. The firm has a market cap of $673.99 million, a P/E ratio of 10.69 and a beta of 1.12. First Bancshares has a twelve month low of $32.15 and a twelve month high of $42.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.74 and a current ratio of 0.74. The stock’s fifty day moving average price is $34.12 and its two-hundred day moving average price is $37.35.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 25th. Investors of record on Thursday, February 10th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.07%. This is a positive change from First Bancshares’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Wednesday, February 9th. First Bancshares’s payout ratio is presently 22.37%.
In other First Bancshares news, Director Ted E. Parker purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, February 11th. The shares were purchased at an average cost of $37.50 per share, with a total value of $37,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.49% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the business. Marshall Wace LLP acquired a new position in First Bancshares in the 4th quarter worth about $57,000. Royal Bank of Canada increased its position 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 purchasing an additional 1,010 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. 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. Finally, Squarepoint Ops LLC bought a new stake in shares of First Bancshares during the 4th quarter worth about $234,000. 64.43% of the stock is currently owned by institutional investors.
First Bancshares Company Profile (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.
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