14,042 Shares in The First Bancshares, Inc. (NASDAQ:FBMS) Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in The First Bancshares, Inc. (NASDAQ:FBMS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,042 shares of the bank’s stock, valued at approximately $545,000. SG Americas Securities LLC owned about 0.07% of First Bancshares at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. William Blair Investment Management LLC purchased a new position in shares of First Bancshares in the second quarter worth approximately $77,000. Susquehanna International Group LLP purchased a new position in shares of First Bancshares in the second quarter worth approximately $201,000. Metropolitan Life Insurance Co NY boosted its holdings in shares of First Bancshares by 97,033.3% in the second quarter. Metropolitan Life Insurance Co NY now owns 5,828 shares of the bank’s stock worth $218,000 after buying an additional 5,822 shares during the last quarter. Meritage Portfolio Management purchased a new position in shares of First Bancshares in the third quarter worth approximately $233,000. Finally, UBS Asset Management Americas Inc. purchased a new position in shares of First Bancshares in the second quarter worth approximately $327,000. 64.32% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research upgraded shares of First Bancshares from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Thursday, January 6th.

NASDAQ FBMS opened at $39.48 on Friday. The First Bancshares, Inc. has a 12 month low of $29.17 and a 12 month high of $42.89. The stock has a market cap of $829.87 million, a price-to-earnings ratio of 13.12 and a beta of 1.15. The company’s 50 day moving average is $39.78 and its two-hundred day moving average is $39.12. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.22.

First Bancshares (NASDAQ:FBMS) last released its earnings results on Sunday, October 24th. The bank reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. The company had revenue of $49.61 million for the quarter, compared to analysts’ expectations of $48.26 million. First Bancshares had a net margin of 29.32% and a return on equity of 9.50%. Sell-side analysts forecast that The First Bancshares, Inc. will post 3.03 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 26th. Stockholders of record on Wednesday, November 10th were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, November 9th. This represents a $0.64 annualized dividend and a dividend yield of 1.62%. This is a boost from First Bancshares’s previous quarterly dividend of $0.15. First Bancshares’s dividend payout ratio (DPR) is presently 21.26%.

About First Bancshares

First Bancshares, Inc (Mississippi) operates as a bank holding company. It provides banking services such as personal and business which include checking, savings, and loans, cards, and others. It operates through the following segments: Commercial/Retail Bank, Mortgage Banking, and Holding Company. The Commercial/Retail Bank segment provides a full range of commercial banking services to corporations and other business customers.

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

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