XTX Topco Ltd Takes $421,000 Position in The First Bancshares, Inc. (NASDAQ:FBMS)

XTX Topco Ltd purchased a new stake in shares of The First Bancshares, Inc. (NASDAQ:FBMS) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 13,113 shares of the bank’s stock, valued at approximately $421,000.

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of First Bancshares by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,404,491 shares of the bank’s stock valued at $36,487,000 after acquiring an additional 91,314 shares during the last quarter. State Street Corp increased its holdings in First Bancshares by 3.0% in the 3rd quarter. State Street Corp now owns 971,246 shares of the bank’s stock valued at $31,206,000 after purchasing an additional 28,215 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in First Bancshares by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 898,647 shares of the bank’s stock valued at $28,874,000 after purchasing an additional 37,167 shares during the period. Citigroup Inc. lifted its stake in First Bancshares by 1,454.0% during the third quarter. Citigroup Inc. now owns 619,730 shares of the bank’s stock worth $19,912,000 after purchasing an additional 579,851 shares in the last quarter. Finally, Westchester Capital Management LLC purchased a new position in shares of First Bancshares during the third quarter worth $8,249,000. 69.95% of the stock is currently owned by institutional investors and hedge funds.

First Bancshares Trading Down 0.3 %

NASDAQ:FBMS opened at $36.17 on Monday. The company has a market capitalization of $1.13 billion, a PE ratio of 16.37 and a beta of 0.93. The First Bancshares, Inc. has a 52-week low of $22.96 and a 52-week high of $39.08. The stock’s 50 day moving average price is $35.15 and its 200 day moving average price is $31.41. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33.

First Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.76%. First Bancshares’s payout ratio is 45.25%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FBMS. Janney Montgomery Scott lowered shares of First Bancshares from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods lifted their price objective on shares of First Bancshares from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Finally, StockNews.com began coverage on shares of First Bancshares in a report on Sunday. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $37.17.

First Bancshares 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.