Castine Capital Management LLC grew its stake in shares of The First Bancshares, Inc. (NASDAQ:FBMS) by 7.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 322,714 shares of the bank’s stock after buying an additional 23,764 shares during the period. The First Bancshares accounts for approximately 3.6% of Castine Capital Management LLC’s holdings, making the stock its 8th biggest holding. Castine Capital Management LLC owned approximately 2.88% of The First Bancshares worth $9,730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FBMS. Nationwide Fund Advisors purchased a new stake in shares of The First Bancshares during the 2nd quarter valued at $128,000. Macquarie Group Ltd. purchased a new stake in The First Bancshares during the 3rd quarter worth $170,000. Rhumbline Advisers purchased a new stake in The First Bancshares during the 2nd quarter worth $246,000. New York State Common Retirement Fund purchased a new stake in The First Bancshares during the 2nd quarter worth $251,000. Finally, SG Americas Securities LLC purchased a new stake in The First Bancshares during the 3rd quarter worth $370,000. 47.39% of the stock is owned by institutional investors.

Shares of The First Bancshares, Inc. (NASDAQ FBMS) opened at $33.35 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. The First Bancshares, Inc. has a 12-month low of $24.05 and a 12-month high of $33.85. The firm has a market cap of $375.51, a price-to-earnings ratio of 20.71 and a beta of -0.29.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Friday, November 3rd were given a dividend of $0.0375 per share. The ex-dividend date was Thursday, November 2nd. This represents a $0.15 dividend on an annualized basis and a yield of 0.45%. The First Bancshares’s dividend payout ratio (DPR) is 13.04%.

In other The First Bancshares news, Director J Douglas Seidenburg purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was purchased at an average cost of $29.00 per share, with a total value of $87,000.00. Following the transaction, the director now owns 100,740 shares in the company, valued at $2,921,460. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have purchased 4,250 shares of company stock valued at $123,250. 8.08% of the stock is owned by corporate insiders.

FBMS has been the subject of a number of research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $32.00 price target on shares of The First Bancshares in a research report on Tuesday, October 3rd. Zacks Investment Research raised shares of The First Bancshares from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Tuesday, October 31st.

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The First Bancshares Company Profile

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.

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

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