The First Bancshares, Inc. (NASDAQ:FBMS) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in shares of The First Bancshares, Inc. (NASDAQ:FBMSFree Report) by 17.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,370 shares of the bank’s stock after purchasing an additional 2,167 shares during the period. Principal Financial Group Inc.’s holdings in First Bancshares were worth $421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in FBMS. Quantbot Technologies LP acquired a new position in shares of First Bancshares in the 3rd quarter worth $59,000. Amalgamated Bank raised its holdings in First Bancshares by 17.2% during the 3rd quarter. Amalgamated Bank now owns 2,966 shares of the bank’s stock worth $80,000 after buying an additional 436 shares during the period. Swiss National Bank raised its holdings in First Bancshares by 0.8% during the 3rd quarter. Swiss National Bank now owns 61,430 shares of the bank’s stock worth $1,657,000 after buying an additional 500 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in First Bancshares by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 224,195 shares of the bank’s stock valued at $6,047,000 after buying an additional 8,642 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of First Bancshares by 16.7% in the third quarter. Deutsche Bank AG now owns 16,446 shares of the bank’s stock worth $444,000 after acquiring an additional 2,357 shares in the last quarter. Institutional investors and hedge funds own 69.95% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on FBMS. TheStreet cut shares of First Bancshares from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. Hovde Group lowered their price target on First Bancshares from $29.50 to $28.00 and set a “market perform” rating on the stock in a report on Monday, May 6th. Finally, StockNews.com raised First Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, May 31st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $31.00.

Read Our Latest Research Report on FBMS

First Bancshares Price Performance

Shares of NASDAQ:FBMS opened at $24.30 on Wednesday. The firm has a market cap of $758.65 million, a price-to-earnings ratio of 9.64 and a beta of 0.92. The First Bancshares, Inc. has a 1 year low of $22.96 and a 1 year high of $32.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $24.81 and a 200 day simple moving average of $25.83.

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

First Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Tuesday, May 7th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Monday, May 6th. First Bancshares’s dividend payout ratio is 39.68%.

First Bancshares Profile

(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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