The First Bancshares, Inc. (NASDAQ:FBMS) declared a quarterly dividend on Monday, July 24th, Wall Street Journal reports. Investors of record on Friday, August 4th will be paid a dividend of 0.0375 per share by the bank on Thursday, August 24th. This represents a $0.15 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, August 2nd.
Shares of The First Bancshares (NASDAQ:FBMS) traded up 0.18% on Friday, reaching $27.15. 17,282 shares of the company were exchanged. The First Bancshares has a 52 week low of $17.06 and a 52 week high of $30.80. The firm’s 50 day moving average price is $27.41 and its 200 day moving average price is $28.11. The stock has a market capitalization of $248.29 million, a price-to-earnings ratio of 26.88 and a beta of -0.32.
FBMS has been the subject of several research reports. ValuEngine upgraded shares of The First Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of The First Bancshares from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Wednesday, April 26th. Finally, Keefe, Bruyette & Woods upgraded shares of The First Bancshares from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $31.00 to $30.00 in a research note on Thursday, July 27th.
A hedge fund recently bought a new stake in The First Bancshares stock. State Street Corp acquired a new stake in shares of The First Bancshares, Inc. (NASDAQ:FBMS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 95,350 shares of the bank’s stock, valued at approximately $2,633,000. State Street Corp owned 1.04% of The First Bancshares as of its most recent filing with the SEC. 50.95% of the stock is currently owned by institutional investors and hedge funds.
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About The First Bancshares
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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