News headlines about The First Bancshares (NASDAQ:FBMS) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. The First Bancshares earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 46.6311948106418 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
FBMS has been the topic of several research reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $32.00 target price on shares of The First Bancshares in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded The First Bancshares from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Tuesday, October 31st.
The First Bancshares (NASDAQ:FBMS) traded down $0.20 during midday trading on Monday, reaching $30.55. The company’s stock had a trading volume of 5,400 shares, compared to its average volume of 21,454. The company has a market cap of $341.93, a PE ratio of 18.86 and a beta of -0.29. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.83 and a quick ratio of 0.82. The First Bancshares has a 12-month low of $22.60 and a 12-month high of $32.13.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, November 3rd will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.49%. The ex-dividend date is Thursday, November 2nd. The First Bancshares’s payout ratio is 13.04%.
In related news, Director J Douglas Seidenburg acquired 3,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were bought at an average price of $29.00 per share, for a total transaction of $87,000.00. Following the purchase, the director now directly owns 100,740 shares in the company, valued at approximately $2,921,460. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have bought 4,250 shares of company stock worth $123,250. Company insiders own 8.08% of the company’s stock.
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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.
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