The First Bancshares, Inc. (NASDAQ:FBMS) Announces Quarterly Dividend of $0.04

The First Bancshares, Inc. (NASDAQ:FBMS) declared a quarterly dividend on Monday, July 24th, Wall Street Journal reports. Shareholders of record on Friday, August 4th will be paid a dividend of 0.0375 per share by the bank on Thursday, August 24th. This represents a $0.15 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, August 2nd.

The First Bancshares (NASDAQ FBMS) traded up 0.18% during mid-day trading on Friday, reaching $27.15. 17,282 shares of the company’s stock were exchanged. The First Bancshares has a 12 month low of $17.06 and a 12 month high of $30.80. The stock has a 50-day moving average of $27.41 and a 200-day moving average of $28.11. The firm has a market cap of $248.29 million, a price-to-earnings ratio of 26.88 and a beta of -0.32.

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An institutional investor recently bought a new position in The First Bancshares stock. State Street Corp purchased a new position in The First Bancshares, Inc. (NASDAQ:FBMS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 95,350 shares of the bank’s stock, valued at approximately $2,633,000. State Street Corp owned about 1.04% of The First Bancshares as of its most recent filing with the SEC. Institutional investors own 50.95% of the company’s stock.

Several research firms recently issued reports on FBMS. Keefe, Bruyette & Woods raised shares of The First Bancshares from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $31.00 to $30.00 in a report on Thursday, July 27th. Zacks Investment Research lowered shares of The First Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, ValuEngine raised shares of The First Bancshares from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

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.

Dividend History for The First Bancshares (NASDAQ:FBMS)

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