First Bancshares Inc (FBMS) Announces Quarterly Dividend of $0.05

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First Bancshares Inc (NASDAQ:FBMS) announced a quarterly dividend on Tuesday, October 23rd, NASDAQ reports. Stockholders of record on Wednesday, November 7th will be given a dividend of 0.05 per share by the bank on Friday, November 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Tuesday, November 6th.

First Bancshares has a dividend payout ratio of 8.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect First Bancshares to earn $2.83 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 7.1%.

First Bancshares stock opened at $36.04 on Thursday. First Bancshares has a twelve month low of $29.75 and a twelve month high of $43.53. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $457.70 million, a PE ratio of 20.48 and a beta of -0.19.

First Bancshares (NASDAQ:FBMS) last posted its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. First Bancshares had a return on equity of 10.34% and a net margin of 16.09%. The business had revenue of $26.74 million for the quarter, compared to analyst estimates of $26.48 million. Analysts predict that First Bancshares will post 2.26 EPS for the current year.

A hedge fund recently raised its stake in First Bancshares stock. Bank of New York Mellon Corp boosted its holdings in First Bancshares Inc (NASDAQ:FBMS) by 12.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,539 shares of the bank’s stock after buying an additional 5,231 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.36% of First Bancshares worth $1,709,000 at the end of the most recent quarter. 66.95% of the stock is owned by institutional investors.

FBMS has been the topic of several recent analyst reports. Zacks Investment Research raised First Bancshares from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Wednesday. Stephens reissued a “buy” rating and issued a $44.00 target price on shares of First Bancshares in a report on Wednesday, October 24th. BidaskClub raised First Bancshares from a “hold” rating to a “buy” rating in a report on Tuesday, August 21st. Finally, ValuEngine lowered First Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. First Bancshares presently has an average rating of “Hold” and an average target price of $40.67.

About First Bancshares

The First Bancshares, Inc operates as the 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.

See Also: Institutional Investors

Dividend History for First Bancshares (NASDAQ:FBMS)

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