Donna T. Rutland Buys 750 Shares of The First Bancshares, Inc. (FBMS) Stock

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%.

COPYRIGHT VIOLATION WARNING: This news story was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of international copyright laws. The legal version of this news story can be read at https://sportsperspectives.com/2017/11/02/donna-t-rutland-buys-750-shares-of-the-first-bancshares-inc-fbms-stock.html.

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.

Insider Buying and Selling by Quarter for The First Bancshares (NASDAQ:FBMS)

Receive News & Ratings for The First Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The First Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply