Charles Schwab Investment Management Inc. Decreases Stake in The First Bancshares, Inc. (NASDAQ:FBMS)

Charles Schwab Investment Management Inc. lowered its position in The First Bancshares, Inc. (NASDAQ:FBMSFree Report) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 223,675 shares of the bank’s stock after selling 520 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.72% of First Bancshares worth $6,560,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in First Bancshares in the third quarter worth approximately $59,000. Amalgamated Bank lifted its stake in First Bancshares by 17.2% in the third quarter. Amalgamated Bank now owns 2,966 shares of the bank’s stock worth $80,000 after acquiring an additional 436 shares during the last quarter. SG Americas Securities LLC purchased a new position in First Bancshares in the fourth quarter worth approximately $209,000. ELCO Management Co. LLC purchased a new stake in shares of First Bancshares during the 3rd quarter worth approximately $201,000. Finally, Alps Advisors Inc. purchased a new stake in shares of First Bancshares during the 3rd quarter worth approximately $327,000. Hedge funds and other institutional investors own 69.95% of the company’s stock.

First Bancshares Stock Performance

Shares of First Bancshares stock opened at $25.35 on Monday. The firm’s fifty day simple moving average is $24.83 and its 200-day simple moving average is $25.86. The stock has a market capitalization of $791.43 million, a price-to-earnings ratio of 10.06 and a beta of 0.90. The First Bancshares, Inc. has a 12 month low of $22.96 and a 12 month high of $32.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.81 and a quick ratio of 0.81.

First Bancshares (NASDAQ:FBMSGet Free Report) last announced its earnings results on Monday, April 29th. The bank reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. The business had revenue of $104.34 million for the quarter, compared to analysts’ expectations of $69.30 million. First Bancshares had a net margin of 20.00% and a return on equity of 9.73%. During the same period in the previous year, the company posted $0.86 EPS. As a group, equities analysts forecast that The First Bancshares, Inc. will post 2.45 earnings per share for the current year.

First Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Tuesday, May 7th were paid a $0.25 dividend. The ex-dividend date was Monday, May 6th. This represents a $1.00 annualized dividend and a yield of 3.94%. First Bancshares’s dividend payout ratio is currently 39.68%.

Analyst Ratings Changes

FBMS has been the subject of several recent analyst reports. Hovde Group reduced their price objective on shares of First Bancshares from $29.50 to $28.00 and set a “market perform” rating for the company in a research report on Monday, May 6th. StockNews.com upgraded shares of First Bancshares from a “sell” rating to a “hold” rating in a research report on Friday. Finally, TheStreet downgraded shares of First Bancshares from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, First Bancshares presently has a consensus rating of “Hold” and a consensus target price of $31.00.

Check Out Our Latest Stock Report on FBMS

About First Bancshares

(Free Report)

The First Bancshares, Inc operates as the bank holding company for The First Bank 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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Institutional Ownership by Quarter for First Bancshares (NASDAQ:FBMS)

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