Deutsche Bank AG cut its holdings in shares of First Bancshares Inc (NASDAQ:FBMS) by 69.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,266 shares of the bank’s stock after selling 38,612 shares during the period. Deutsche Bank AG’s holdings in First Bancshares were worth $520,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of First Bancshares by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 126,494 shares of the bank’s stock valued at $3,826,000 after acquiring an additional 11,087 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of First Bancshares by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 190,904 shares of the bank’s stock valued at $5,775,000 after acquiring an additional 12,618 shares during the period. Legal & General Group Plc boosted its holdings in shares of First Bancshares by 40.5% in the fourth quarter. Legal & General Group Plc now owns 2,603 shares of the bank’s stock valued at $79,000 after acquiring an additional 750 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in shares of First Bancshares by 35.1% in the fourth quarter. Segall Bryant & Hamill LLC now owns 27,285 shares of the bank’s stock valued at $825,000 after acquiring an additional 7,095 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in shares of First Bancshares by 284.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,623 shares of the bank’s stock valued at $110,000 after acquiring an additional 2,680 shares during the period. Institutional investors own 51.66% of the company’s stock.

Shares of NASDAQ FBMS opened at $31.65 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.89 and a quick ratio of 0.90. First Bancshares Inc has a 1-year low of $27.84 and a 1-year high of $43.53. The firm has a market cap of $543.63 million, a P/E ratio of 13.82 and a beta of 0.29.

First Bancshares (NASDAQ:FBMS) last issued its quarterly earnings results on Monday, April 22nd. The bank reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.01). First Bancshares had a return on equity of 10.24% and a net margin of 18.16%. The company had revenue of $32.69 million for the quarter, compared to analyst estimates of $32.58 million. On average, sell-side analysts predict that First Bancshares Inc will post 2.81 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, May 9th. This is an increase from First Bancshares’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 1.01%. First Bancshares’s dividend payout ratio (DPR) is currently 13.97%.

Several research firms have recently weighed in on FBMS. Zacks Investment Research downgraded First Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. BidaskClub raised First Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. Finally, ValuEngine raised First Bancshares from a “sell” rating to a “hold” rating in a report on Friday.

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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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