Endeavour Capital Advisors Inc. lowered its position in First Bancshares Inc (NASDAQ:FBMS) by 34.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,999 shares of the bank’s stock after selling 20,219 shares during the period. First Bancshares accounts for 0.5% of Endeavour Capital Advisors Inc.’s portfolio, making the stock its 27th largest holding. Endeavour Capital Advisors Inc.’s holdings in First Bancshares were worth $1,300,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Teachers Advisors LLC bought a new position in First Bancshares in the 2nd quarter worth approximately $415,000. Dimensional Fund Advisors LP raised its position in First Bancshares by 35.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 33,208 shares of the bank’s stock worth $917,000 after purchasing an additional 8,725 shares during the last quarter. Northern Trust Corp bought a new position in First Bancshares in the 2nd quarter worth approximately $2,153,000. Vanguard Group Inc. raised its position in shares of First Bancshares by 15.1% during the 2nd quarter. Vanguard Group Inc. now owns 245,310 shares of the bank’s stock valued at $6,770,000 after acquiring an additional 32,117 shares during the last quarter. Finally, California State Teachers Retirement System bought a new stake in shares of First Bancshares during the 2nd quarter valued at $414,000. Institutional investors own 67.40% of the company’s stock.
Several brokerages have recently issued reports on FBMS. BidaskClub lowered shares of First Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. ValuEngine raised shares of First Bancshares from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Stephens reissued a “buy” rating and issued a $37.00 price target on shares of First Bancshares in a report on Tuesday, January 30th. Zacks Investment Research lowered shares of First Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, December 29th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $39.00 target price on shares of First Bancshares in a research note on Friday, December 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $38.00.
First Bancshares (NASDAQ:FBMS) last issued its earnings results on Friday, January 26th. The bank reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.45. The company had revenue of $18.78 million for the quarter, compared to analysts’ expectations of $19.55 million. First Bancshares had a net margin of 13.20% and a return on equity of 10.36%. analysts predict that First Bancshares Inc will post 2.28 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Monday, February 5th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. This is a boost from First Bancshares’s previous quarterly dividend of $0.04. The ex-dividend date was Friday, February 2nd. First Bancshares’s dividend payout ratio is presently 17.86%.
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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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