Somewhat Positive Media Coverage Somewhat Unlikely to Affect The First Bancshares (FBMS) Stock Price

Media headlines about The First Bancshares (NASDAQ:FBMS) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. The First Bancshares earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.4748374993496 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Several research firms have recently issued reports on FBMS. Zacks Investment Research raised shares of The First Bancshares from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $32.00 price objective on shares of The First Bancshares in a research note on Tuesday, October 3rd.

Shares of The First Bancshares (FBMS) traded up $0.60 during midday trading on Wednesday, reaching $32.00. 72,200 shares of the company’s stock traded hands, compared to its average volume of 21,854. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 0.63. The company has a market cap of $351.44, a price-to-earnings ratio of 19.38 and a beta of -0.29. The First Bancshares has a 1-year low of $22.60 and a 1-year high of $32.13.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Friday, November 3rd will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Thursday, November 2nd. The First Bancshares’s dividend payout ratio (DPR) is 13.04%.

In related news, Director J Douglas Seidenburg purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were purchased at an average price of $29.00 per share, with a total value of $87,000.00. Following the acquisition, the director now directly owns 100,740 shares in the company, valued at approximately $2,921,460. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders have bought 4,250 shares of company stock worth $123,250. Insiders own 8.08% of the company’s stock.

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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)

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