Los Angeles Capital Management LLC Reduces Stock Holdings in The First Bancshares, Inc. (NASDAQ:FBMS)

Los Angeles Capital Management LLC reduced its stake in shares of The First Bancshares, Inc. (NASDAQ:FBMS) by 11.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,218 shares of the bank’s stock after selling 1,270 shares during the period. Los Angeles Capital Management LLC’s holdings in First Bancshares were worth $396,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FBMS. First Trust Advisors LP increased its holdings in First Bancshares by 1.8% during the 1st quarter. First Trust Advisors LP now owns 22,589 shares of the bank’s stock worth $698,000 after purchasing an additional 390 shares during the last quarter. Swiss National Bank increased its holdings in First Bancshares by 1.1% during the 2nd quarter. Swiss National Bank now owns 46,530 shares of the bank’s stock worth $1,742,000 after purchasing an additional 500 shares during the last quarter. WINTON GROUP Ltd increased its holdings in First Bancshares by 4.1% during the 2nd quarter. WINTON GROUP Ltd now owns 14,382 shares of the bank’s stock worth $538,000 after purchasing an additional 570 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in First Bancshares during the 2nd quarter worth approximately $201,000. Finally, The Manufacturers Life Insurance Company increased its holdings in First Bancshares by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 544,437 shares of the bank’s stock worth $20,378,000 after purchasing an additional 11,217 shares during the last quarter. Institutional investors own 64.32% of the company’s stock.

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

Shares of NASDAQ FBMS opened at $39.48 on Friday. The First Bancshares, Inc. has a twelve month low of $29.17 and a twelve month high of $42.89. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $829.87 million, a price-to-earnings ratio of 13.12 and a beta of 1.15. The business has a 50 day simple moving average of $39.78 and a 200-day simple moving average of $39.12.

First Bancshares (NASDAQ:FBMS) last issued its quarterly earnings results on Sunday, October 24th. The bank reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.01. First Bancshares had a return on equity of 9.50% and a net margin of 29.32%. The business had revenue of $49.61 million during the quarter, compared to the consensus estimate of $48.26 million. As a group, equities analysts predict that The First Bancshares, Inc. will post 3.03 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 26th. Stockholders of record on Wednesday, November 10th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.62%. This is an increase from First Bancshares’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, November 9th. First Bancshares’s payout ratio is 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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