Dimensional Fund Advisors LP Has $917,000 Stake in The First Bancshares, Inc. (FBMS)
Dimensional Fund Advisors LP grew its stake in shares of The First Bancshares, Inc. (NASDAQ:FBMS) by 35.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,208 shares of the bank’s stock after acquiring an additional 8,725 shares during the quarter. Dimensional Fund Advisors LP owned about 0.36% of The First Bancshares worth $917,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of The First Bancshares by 15.1% during the second 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 in the last quarter. Northern Trust Corp bought a new position in shares of The First Bancshares during the second quarter valued at $2,153,000. New York State Common Retirement Fund bought a new position in shares of The First Bancshares during the second quarter valued at $251,000. Nationwide Fund Advisors bought a new position in shares of The First Bancshares during the second quarter valued at $128,000. Finally, TIAA CREF Investment Management LLC bought a new position in shares of The First Bancshares during the second quarter valued at $626,000. Hedge funds and other institutional investors own 47.39% of the company’s stock.
Shares of The First Bancshares, Inc. (FBMS) opened at $33.15 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. The First Bancshares, Inc. has a 12-month low of $24.05 and a 12-month high of $33.45. The company has a market capitalization of $371.03, a price-to-earnings ratio of 20.37 and a beta of -0.24.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Friday, November 3rd were given a dividend of $0.0375 per share. The ex-dividend date was Thursday, November 2nd. This represents a $0.15 annualized dividend and a dividend yield of 0.45%. The First Bancshares’s dividend payout ratio (DPR) is presently 13.04%.
In other The First Bancshares news, Director J Douglas Seidenburg acquired 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were bought at an average cost of $29.00 per share, with a total value of $87,000.00. Following the completion of the transaction, the director now directly owns 100,740 shares of the company’s stock, valued at approximately $2,921,460. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 4,250 shares of company stock worth $123,250 over the last ninety days. 11.76% of the stock is currently owned by insiders.
Several equities research analysts recently commented on FBMS shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $32.00 price objective on shares of The First Bancshares in a research report on Tuesday, October 3rd. Zacks Investment Research raised The First Bancshares from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Tuesday, October 31st.
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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