Mendon Capital Advisors Corp raised its stake in shares of First Bancshares Inc (NASDAQ:FBMS) by 5.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 546,291 shares of the bank’s stock after purchasing an additional 29,426 shares during the period. First Bancshares makes up 2.6% of Mendon Capital Advisors Corp’s portfolio, making the stock its 14th biggest position. Mendon Capital Advisors Corp’s holdings in First Bancshares were worth $16,575,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can bought a new stake in First Bancshares during the second quarter valued at approximately $42,000. Trustcore Financial Services LLC bought a new stake in First Bancshares during the first quarter valued at approximately $53,000. BNP Paribas Arbitrage SA lifted its position in First Bancshares by 508.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,590 shares of the bank’s stock valued at $80,000 after purchasing an additional 2,164 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of First Bancshares by 141.4% in the 2nd quarter. Bessemer Group Inc. now owns 7,000 shares of the bank’s stock worth $212,000 after acquiring an additional 4,100 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of First Bancshares by 30.4% in the 4th quarter. Bank of America Corp DE now owns 9,321 shares of the bank’s stock worth $282,000 after acquiring an additional 2,175 shares during the last quarter. Institutional investors and hedge funds own 59.49% of the company’s stock.

FBMS has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of First Bancshares from a “buy” rating to a “hold” rating in a report on Friday, August 16th. ValuEngine lowered shares of First Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Stephens lowered shares of First Bancshares from an “overweight” rating to an “equal weight” rating and set a $34.00 price objective for the company. in a report on Tuesday, July 9th. Finally, BidaskClub upgraded shares of First Bancshares from a “sell” rating to a “hold” rating in a report on Friday, July 26th.

Shares of FBMS traded down $0.05 during mid-day trading on Friday, reaching $33.90. The company’s stock had a trading volume of 1,157 shares, compared to its average volume of 42,950. The stock has a market cap of $566.93 million, a PE ratio of 14.84 and a beta of 0.35. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.33. First Bancshares Inc has a 52 week low of $27.84 and a 52 week high of $40.95. The company’s fifty day moving average price is $31.86 and its two-hundred day moving average price is $30.99.

First Bancshares (NASDAQ:FBMS) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. The firm had revenue of $37.49 million during the quarter, compared to analyst estimates of $35.50 million. First Bancshares had a net margin of 20.99% and a return on equity of 10.06%. Research analysts anticipate that First Bancshares Inc will post 2.82 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a $0.08 dividend. The ex-dividend date was Thursday, August 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.94%. First Bancshares’s payout ratio is 13.97%.

First Bancshares Profile

The First Bancshares, Inc operates as the bank holding company for The First, A National Banking Association that provides general commercial and retail banking services. The company operates through three segments: Commercial/Retail Bank, Mortgage Banking Division, and Holding Company. It offers deposit services, including checking, NOW, and savings accounts; other time deposits, such as daily money market accounts and longer-term certificates of deposit; and individual retirement accounts.

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

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