Curi RMB Capital LLC Lowers Stock Position in The First Bancshares, Inc. (NASDAQ:FBMS)

Curi RMB Capital LLC trimmed its holdings in shares of The First Bancshares, Inc. (NASDAQ:FBMS) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 250,000 shares of the bank’s stock after selling 9,264 shares during the quarter. Curi RMB Capital LLC’s holdings in First Bancshares were worth $8,750,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. FMR LLC lifted its stake in shares of First Bancshares by 50.8% during the 3rd quarter. FMR LLC now owns 3,194 shares of the bank’s stock worth $103,000 after purchasing an additional 1,076 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of First Bancshares by 120.5% in the 3rd quarter. Stifel Financial Corp now owns 20,218 shares of the bank’s stock valued at $650,000 after buying an additional 11,048 shares in the last quarter. State Street Corp grew its position in shares of First Bancshares by 3.0% in the 3rd quarter. State Street Corp now owns 971,246 shares of the bank’s stock worth $31,206,000 after buying an additional 28,215 shares during the last quarter. Barclays PLC lifted its position in First Bancshares by 48.1% during the third quarter. Barclays PLC now owns 86,748 shares of the bank’s stock valued at $2,787,000 after acquiring an additional 28,184 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in First Bancshares by 1.9% in the third quarter. Geode Capital Management LLC now owns 675,448 shares of the bank’s stock valued at $21,706,000 after acquiring an additional 12,567 shares in the last quarter. Hedge funds and other institutional investors own 69.95% of the company’s stock.

First Bancshares Stock Performance

FBMS opened at $33.75 on Friday. The firm has a 50 day moving average of $34.81 and a two-hundred day moving average of $35.20. The firm has a market capitalization of $1.05 billion, a PE ratio of 13.83 and a beta of 0.92. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The First Bancshares, Inc. has a 12-month low of $23.60 and a 12-month high of $39.21.

First Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.96%. The ex-dividend date was Monday, February 10th. First Bancshares’s dividend payout ratio is currently 40.98%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on First Bancshares in a research report on Monday, April 14th. They set a “hold” rating on the stock.

About First Bancshares

The First Bancshares, Inc operates as the bank holding company for The First Bank that provides general commercial and retail banking services. The company operates through three segments: Commercial/Retail Bank, Mortgage Banking Division, and Holding Company. It offers deposit services, including checking, NOW, and savings accounts; other time deposits, such as daily money market accounts and longer-term certificates of deposit; and individual retirement and health savings accounts.