Stieven Capital Advisors L.P. Cuts Stake in First Bancshares Inc (FBMS)

Stieven Capital Advisors L.P. cut its position in First Bancshares Inc (NASDAQ:FBMS) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 457,693 shares of the bank’s stock after selling 3,700 shares during the period. First Bancshares accounts for about 2.6% of Stieven Capital Advisors L.P.’s holdings, making the stock its 12th largest position. Stieven Capital Advisors L.P. owned 5.02% of First Bancshares worth $13,044,000 at the end of the most recent reporting period.

Separately, Pacific Ridge Capital Partners LLC raised its stake in shares of First Bancshares by 19.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 98,168 shares of the bank’s stock worth $2,798,000 after buying an additional 16,310 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of First Bancshares Inc (NASDAQ:FBMS) traded up 0.90% during trading on Friday, reaching $28.10. The company’s stock had a trading volume of 6,924 shares. The company’s 50 day moving average price is $28.26 and its 200 day moving average price is $27.22. First Bancshares Inc has a 12 month low of $16.03 and a 12 month high of $30.80. The firm has a market cap of $256.36 million, a PE ratio of 24.08 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 issued a $0.0375 dividend. The ex-dividend date is Monday, May 1st. This represents a $0.15 dividend on an annualized basis and a yield of 0.54%. First Bancshares’s payout ratio is presently 9.15%.

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A number of analysts recently commented on FBMS shares. Zacks Investment Research upgraded First Bancshares from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, April 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $30.00 price objective on shares of First Bancshares in a research report on Friday, March 17th.

In other First Bancshares news, insider M Ray Cole, Jr. sold 11,917 shares of the company’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $28.26, for a total value of $336,774.42. Following the completion of the transaction, the insider now owns 61,270 shares of the company’s stock, valued at approximately $1,731,490.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman E Ricky Gibson bought 2,000 shares of the stock in a transaction on Tuesday, May 16th. The stock was purchased at an average cost of $28.40 per share, with a total value of $56,800.00. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 19,917 shares of company stock valued at $565,882. Insiders own 11.76% of the company’s stock.

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.

12 Month Chart for NASDAQ:FBMS

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