Maltese Capital Management LLC Reduces Position in The First Bancshares, Inc. (FBMS)

Maltese Capital Management LLC decreased its position in The First Bancshares, Inc. (NASDAQ:FBMS) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 271,325 shares of the bank’s stock after selling 1,765 shares during the period. Maltese Capital Management LLC owned approximately 2.42% of The First Bancshares worth $8,180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FBMS. Vanguard Group Inc. grew its position in The First Bancshares by 145.8% in the 1st quarter. Vanguard Group Inc. now owns 213,193 shares of the bank’s stock worth $6,076,000 after purchasing an additional 126,470 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in The First Bancshares by 46.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 308,592 shares of the bank’s stock worth $8,517,000 after purchasing an additional 98,592 shares during the last quarter. State Street Corp bought a new position in The First Bancshares in the 2nd quarter worth about $2,633,000. Northern Trust Corp bought a new position in The First Bancshares in the 2nd quarter worth about $2,153,000. Finally, Goldman Sachs Group Inc. bought a new position in The First Bancshares in the 1st quarter worth about $1,060,000. Hedge funds and other institutional investors own 47.39% of the company’s stock.

The First Bancshares, Inc. (NASDAQ:FBMS) opened at $33.35 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.63. The stock has a market cap of $375.51, a P/E ratio of 20.71 and a beta of -0.29. The First Bancshares, Inc. has a 1-year low of $24.05 and a 1-year high of $33.85.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Friday, November 3rd were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Thursday, November 2nd. The First Bancshares’s dividend payout ratio (DPR) is presently 13.04%.

Several research firms have commented on FBMS. Zacks Investment Research upgraded shares of The First Bancshares from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods restated 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 firm’s 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 $87,000.00. Following the completion of the acquisition, the director now directly owns 100,740 shares of the company’s stock, valued at approximately $2,921,460. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders bought 4,250 shares of company stock valued at $123,250 over the last quarter. Insiders own 8.08% of the company’s stock.

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The First Bancshares Company 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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Institutional Ownership by Quarter for The First Bancshares (NASDAQ:FBMS)

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