Curi RMB Capital LLC Sells 30,736 Shares of The First Bancshares, Inc. (NASDAQ:FBMS)

Curi RMB Capital LLC lessened its stake in shares of The First Bancshares, Inc. (NASDAQ:FBMS) by 10.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 259,264 shares of the bank’s stock after selling 30,736 shares during the quarter. Curi RMB Capital LLC owned about 0.83% of First Bancshares worth $8,330,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings in First Bancshares by 72.7% during the first quarter. Russell Investments Group Ltd. now owns 62,984 shares of the bank’s stock valued at $1,634,000 after purchasing an additional 26,514 shares during the last quarter. Boston Partners acquired a new position in First Bancshares in the 1st quarter valued at $895,000. Vanguard Group Inc. grew its stake in First Bancshares by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 1,626,074 shares of the bank’s stock valued at $42,197,000 after buying an additional 59,471 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in First Bancshares by 16.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 119,512 shares of the bank’s stock worth $3,105,000 after acquiring an additional 16,723 shares during the period. Finally, Elizabeth Park Capital Advisors Ltd. acquired a new position in First Bancshares during the 2nd quarter worth $4,548,000. 69.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Janney Montgomery Scott downgraded First Bancshares from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. StockNews.com initiated coverage on First Bancshares in a research report on Wednesday. They issued a “sell” rating on the stock. Keefe, Bruyette & Woods raised First Bancshares from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $31.00 to $40.00 in a research report on Friday, August 2nd. Finally, Hovde Group raised their price objective on shares of First Bancshares from $29.00 to $32.50 and gave the stock a “market perform” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $35.50.

First Bancshares Price Performance

Shares of FBMS stock opened at $36.28 on Friday. The First Bancshares, Inc. has a 12 month low of $22.96 and a 12 month high of $38.21. The company has a market capitalization of $1.13 billion, a P/E ratio of 14.52 and a beta of 0.91. The stock has a 50 day moving average of $33.06 and a two-hundred day moving average of $29.61. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33.

First Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 2.76%. First Bancshares’s dividend payout ratio is currently 45.25%.

First Bancshares Company Profile

The First Bancshares, Inc operates as the bank holding company for The First Bank 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 and health savings accounts.