The First Bancshares, Inc. (NASDAQ:FBMS) CFO Donna T. Rutland acquired 750 shares of the stock in a transaction dated Tuesday, October 31st. The stock was acquired at an average cost of $29.00 per share, for a total transaction of $21,750.00. Following the purchase, the chief financial officer now directly owns 27,798 shares in the company, valued at $806,142. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
The firm 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 dividend of $0.0375 per share. The ex-dividend date is Thursday, November 2nd. This represents a $0.15 dividend on an annualized basis and a yield of 0.47%. The First Bancshares’s payout ratio is presently 13.04%.
A number of institutional investors have recently added to or reduced their stakes in FBMS. Vanguard Group Inc. lifted its position in The First Bancshares by 145.8% during the 1st quarter. Vanguard Group Inc. now owns 213,193 shares of the bank’s stock valued at $6,076,000 after purchasing an additional 126,470 shares during the period. Geode Capital Management LLC acquired a new position in The First Bancshares during the 1st quarter valued at about $945,000. Dimensional Fund Advisors LP lifted its position in The First Bancshares by 18.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 24,483 shares of the bank’s stock valued at $698,000 after purchasing an additional 3,832 shares during the period. Goldman Sachs Group Inc. acquired a new position in The First Bancshares during the 1st quarter valued at about $1,060,000. Finally, Smith Shellnut Wilson LLC ADV lifted its position in The First Bancshares by 34.2% during the 2nd quarter. Smith Shellnut Wilson LLC ADV now owns 44,304 shares of the bank’s stock valued at $765,000 after purchasing an additional 11,302 shares during the period. Institutional investors own 57.88% of the company’s stock.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of The First Bancshares from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Tuesday. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $32.00 price objective on shares of The First Bancshares in a research note on Tuesday, October 3rd.
About The First Bancshares
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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