Teachers Advisors LLC bought a new position in The First Bancshares, Inc. (NASDAQ:FBMS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,024 shares of the bank’s stock, valued at approximately $415,000. Teachers Advisors LLC owned about 0.16% of The First Bancshares as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in FBMS. Rhumbline Advisers purchased a new position in The First Bancshares in the second quarter worth about $246,000. Schwab Charles Investment Management Inc. purchased a new position in The First Bancshares in the second quarter worth about $392,000. Dimensional Fund Advisors LP boosted its position in The First Bancshares by 18.6% in the first quarter. Dimensional Fund Advisors LP now owns 24,483 shares of the bank’s stock worth $698,000 after purchasing an additional 3,832 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in The First Bancshares in the second quarter worth about $714,000. Finally, Geode Capital Management LLC purchased a new position in The First Bancshares in the first quarter worth about $945,000. 47.46% of the stock is currently owned by institutional investors and hedge funds.
FBMS has been the topic of several research reports. Zacks Investment Research raised The First Bancshares from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $32.00 target price on shares of The First Bancshares in a research report on Tuesday, October 3rd.
In related news, Director J Douglas Seidenburg acquired 3,000 shares of the stock in a transaction dated Tuesday, October 31st. The shares were purchased at an average cost of $29.00 per share, with a total value of $87,000.00. Following the transaction, the director now directly owns 100,740 shares in the company, valued at $2,921,460. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have bought 4,250 shares of company stock worth $123,250. Insiders own 8.08% of the company’s stock.
The First Bancshares, Inc. (NASDAQ:FBMS) opened at $31.40 on Tuesday. The stock has a market capitalization of $341.93, a PE ratio of 18.86 and a beta of -0.29. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.83 and a quick ratio of 0.82. The First Bancshares, Inc. has a 12-month low of $22.60 and a 12-month high of $32.13.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, November 3rd will be given a $0.0375 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $0.15 annualized dividend and a yield of 0.48%. The First Bancshares’s payout ratio is 13.04%.
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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