Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of The First Bancshares, Inc. (NASDAQ:FBMS – Get Rating) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,400 shares of the bank's stock, valued at approximately $1,360,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.20% of First Bancshares as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of FBMS. American Century Companies Inc. bought a new stake in shares of First Bancshares during the 4th quarter valued at about $230,000. Bank of Montreal Can bought a new stake in shares of First Bancshares during the 1st quarter valued at about $242,000. Rafferty Asset Management LLC bought a new stake in shares of First Bancshares during the 4th quarter valued at about $280,000. Qube Research & Technologies Ltd bought a new stake in shares of First Bancshares during the 1st quarter valued at about $329,000. Finally, PDT Partners LLC bought a new stake in shares of First Bancshares during the 4th quarter valued at about $389,000. 55.66% of the stock is currently owned by institutional investors and hedge funds.
Get First Bancshares alerts:First Bancshares Trading Up 2.1 %
NASDAQ FBMS opened at $30.40 on Thursday. The stock has a market capitalization of $730.45 million, a price-to-earnings ratio of 9.87 and a beta of 0.98. The First Bancshares, Inc. has a one year low of $26.95 and a one year high of $42.89. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.66 and a quick ratio of 0.65. The business's fifty day moving average is $29.62 and its 200-day moving average is $31.31.
First Bancshares (NASDAQ:FBMS – Get Rating) last released its earnings results on Wednesday, July 27th. The bank reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.02). First Bancshares had a return on equity of 10.19% and a net margin of 29.88%. The business had revenue of $50.77 million for the quarter, compared to the consensus estimate of $49.08 million. During the same quarter in the previous year, the firm earned $0.74 earnings per share. Equities research analysts predict that The First Bancshares, Inc. will post 3.07 EPS for the current year.First Bancshares Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Monday, August 8th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Friday, August 5th. This is a boost from First Bancshares's previous quarterly dividend of $0.18. First Bancshares's dividend payout ratio is currently 24.68%.
Analysts Set New Price Targets
FBMS has been the subject of several recent research reports. Janney Montgomery Scott downgraded shares of First Bancshares from a "buy" rating to a "neutral" rating and set a $41.00 target price for the company. in a research report on Thursday, July 28th. They noted that the move was a valuation call. DA Davidson lowered their target price on shares of First Bancshares to $4.00 and set a "na" rating for the company in a report on Monday, May 16th. Finally, StockNews.com downgraded shares of First Bancshares from a "buy" rating to a "hold" rating in a report on Monday, May 23rd.
First Bancshares Profile
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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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