Geode Capital Management LLC acquired a new stake in The First Bancshares, Inc. (NASDAQ:FBMS) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 33,161 shares of the bank’s stock, valued at approximately $945,000. Geode Capital Management LLC owned approximately 0.36% of The First Bancshares at the end of the most recent quarter.
Separately, Vanguard Group Inc. grew its stake in shares of The First Bancshares by 145.8% in the first quarter. Vanguard Group Inc. now owns 213,193 shares of the bank’s stock valued at $6,076,000 after buying an additional 126,470 shares in the last quarter. Institutional investors and hedge funds own 57.90% of the company’s stock.
FBMS has been the subject of a number of research reports. Zacks Investment Research cut The First Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. ValuEngine raised The First Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Keefe, Bruyette & Woods raised The First Bancshares from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $31.00 to $30.00 in a research note on Thursday, July 27th.
The First Bancshares, Inc. (FBMS) remained flat at $29.35 on Friday. The company’s stock had a trading volume of 18,035 shares. The stock’s 50 day moving average price is $27.86 and its 200-day moving average price is $28.00. The stock has a market cap of $268.41 million, a PE ratio of 29.06 and a beta of -0.31. The First Bancshares, Inc. has a 1-year low of $17.10 and a 1-year high of $30.80.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Friday, August 4th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Wednesday, August 2nd. The First Bancshares’s payout ratio is presently 13.76%.
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The First Bancshares Profile
The First Bancshares, Inc is a bank holding company for The First, A National Banking Association (the Bank). The Company and the Bank engage in a general commercial and retail banking business for small to medium-sized businesses, professional concerns and individuals. The Bank provides a range of banking services in its primary market area of South Mississippi, South Alabama and Louisiana.
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