The First Bancshares, Inc. (NASDAQ:FBMS) – Stock analysts at FIG Partners increased their FY2017 earnings per share estimates for The First Bancshares in a research report issued on Monday. FIG Partners analyst C. Marinac now anticipates that the bank will post earnings per share of $1.82 for the year, up from their previous forecast of $1.66. FIG Partners also issued estimates for The First Bancshares’ Q4 2017 earnings at $0.48 EPS, Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.60 EPS, FY2018 earnings at $2.09 EPS, Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.59 EPS, Q3 2019 earnings at $0.61 EPS and FY2019 earnings at $2.39 EPS.
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Separately, Keefe, Bruyette & Woods upgraded The First Bancshares from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $31.00 to $30.00 in a research note on Thursday, July 27th.
Shares of The First Bancshares (FBMS) opened at 31.25 on Tuesday. The company has a market capitalization of $285.78 million, a price-to-earnings ratio of 30.94 and a beta of -0.29. The First Bancshares has a 52 week low of $21.50 and a 52 week high of $32.05. The firm has a 50 day moving average price of $29.97 and a 200 day moving average price of $28.37.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, November 3rd will be paid a $0.0375 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.48%. The First Bancshares’s dividend payout ratio (DPR) is currently 13.04%.
Several hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in shares of 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 buying an additional 98,592 shares during the last quarter. Castine Capital Management LLC boosted its stake in shares of The First Bancshares by 7.7% in the 2nd quarter. Castine Capital Management LLC now owns 298,950 shares of the bank’s stock worth $8,251,000 after buying an additional 21,302 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of The First Bancshares by 15.1% in the 2nd quarter. Vanguard Group Inc. now owns 245,310 shares of the bank’s stock worth $6,770,000 after buying an additional 32,117 shares during the last quarter. State Street Corp purchased a new position in shares of The First Bancshares in the 2nd quarter worth $2,633,000. Finally, Northern Trust Corp purchased a new position in shares of The First Bancshares in the 2nd quarter worth $2,153,000. Hedge funds and other institutional investors own 57.88% of the company’s stock.
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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