The Manufacturers Life Insurance Company Decreases Stock Position in The First Bancshares, Inc. (NASDAQ:FBMS)

The Manufacturers Life Insurance Company lessened its stake in shares of The First Bancshares, Inc. (NASDAQ:FBMSFree Report) by 25.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 389,722 shares of the bank’s stock after selling 133,016 shares during the period. The Manufacturers Life Insurance Company owned approximately 1.25% of First Bancshares worth $11,431,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of First Bancshares by 10.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,115,691 shares of the bank’s stock worth $32,724,000 after buying an additional 106,088 shares in the last quarter. Steele Capital Management Inc. purchased a new stake in First Bancshares in the fourth quarter valued at about $1,788,000. Allen Mooney & Barnes Investment Advisors LLC purchased a new stake in First Bancshares in the third quarter valued at about $453,000. Vanguard Group Inc. raised its stake in shares of First Bancshares by 0.8% in the third quarter. Vanguard Group Inc. now owns 1,530,263 shares of the bank’s stock worth $41,271,000 after purchasing an additional 12,212 shares during the last quarter. Finally, Alps Advisors Inc. purchased a new position in shares of First Bancshares in the third quarter worth about $327,000. Hedge funds and other institutional investors own 69.95% of the company’s stock.

First Bancshares Price Performance

NASDAQ:FBMS opened at $24.16 on Tuesday. The First Bancshares, Inc. has a 52 week low of $22.96 and a 52 week high of $32.06. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $754.25 million, a P/E ratio of 9.59 and a beta of 0.92. The stock’s fifty day moving average is $24.72 and its two-hundred day moving average is $25.78.

First Bancshares (NASDAQ:FBMSGet Free Report) last posted 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. First Bancshares had a return on equity of 9.73% and a net margin of 20.00%. The company had revenue of $104.34 million for the quarter, compared to the consensus estimate of $69.30 million. During the same quarter in the previous year, the business earned $0.86 earnings per share. Equities analysts expect that The First Bancshares, Inc. will post 2.45 EPS for the current year.

First Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.14%. First Bancshares’s payout ratio is presently 39.68%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FBMS. StockNews.com cut First Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday. Hovde Group dropped their target price on shares of First Bancshares from $29.50 to $28.00 and set a “market perform” rating for the company in a report on Monday, May 6th. Finally, TheStreet cut First Bancshares from a “b-” rating to a “c+” rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $31.00.

View Our Latest Report on First Bancshares

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.

Further Reading

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Institutional Ownership by Quarter for First Bancshares (NASDAQ:FBMS)

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