First Bancshares (FBMS) Receiving Very Positive Press Coverage, Analysis Shows
Media stories about First Bancshares (NASDAQ:FBMS) have been trending very positive on Tuesday, AlphaOne Sentiment reports. The research firm, a division of Accern, identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Bancshares earned a daily sentiment score of 0.57 on AlphaOne’s scale. AlphaOne also assigned news coverage about the bank an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the near term.
Several research firms have weighed in on FBMS. Keefe, Bruyette & Woods reissued a “hold” rating and set a $31.00 price target on shares of First Bancshares in a research report on Wednesday, April 5th. Zacks Investment Research downgraded First Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, March 28th.
First Bancshares (NASDAQ:FBMS) opened at 28.20 on Tuesday. First Bancshares has a 52-week low of $16.25 and a 52-week high of $30.80. The firm’s 50-day moving average price is $28.25 and its 200 day moving average price is $27.35. The stock has a market cap of $257.27 million, a P/E ratio of 24.16 and a beta of -0.18.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 24th. Shareholders of record on Wednesday, May 3rd will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.53%. The ex-dividend date is Monday, May 1st. First Bancshares’s dividend payout ratio (DPR) is currently 9.15%.
In other First Bancshares news, insider M Ray Cole, Jr. sold 11,917 shares of the business’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $28.26, for a total transaction of $336,774.42. Following the sale, the insider now directly owns 61,270 shares of the company’s stock, valued at approximately $1,731,490.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Donna T. Rutland sold 3,373 shares of the business’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $28.65, for a total transaction of $96,636.45. Following the sale, the chief financial officer now directly owns 31,962 shares in the company, valued at $915,711.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,917 shares of company stock worth $565,882. Company insiders own 11.76% of the company’s stock.
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About 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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