Goldman Sachs Group Inc. acquired a new position in shares of The First Bancshares, Inc. (NASDAQ:FBMS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 37,199 shares of the bank’s stock, valued at approximately $1,060,000.

Other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of The First Bancshares by 18.6% in the first quarter. Dimensional Fund Advisors LP now owns 24,483 shares of the bank’s stock worth $698,000 after buying an additional 3,832 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of The 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. Geode Capital Management LLC bought a new stake in shares of The First Bancshares during the first quarter worth $945,000. Mendon Capital Advisors Corp raised its stake in shares of The First Bancshares by 9.4% in the first quarter. Mendon Capital Advisors Corp now owns 392,934 shares of the bank’s stock worth $11,199,000 after buying an additional 33,630 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of The First Bancshares by 145.8% in the first quarter. Vanguard Group Inc. now owns 213,193 shares of the bank’s stock worth $6,076,000 after buying an additional 126,470 shares during the last quarter. Institutional investors own 50.40% of the company’s stock.

Shares of The First Bancshares, Inc. (FBMS) traded down 1.31% during midday trading on Friday, reaching $26.35. 11,544 shares of the company were exchanged. The firm has a 50-day moving average of $27.46 and a 200 day moving average of $28.12. The First Bancshares, Inc. has a 52 week low of $17.05 and a 52 week high of $30.80. The firm has a market capitalization of $240.97 million, a P/E ratio of 26.06 and a beta of -0.32.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Friday, August 4th will be given a dividend of $0.0375 per share. The ex-dividend date is Wednesday, August 2nd. This represents a $0.15 annualized dividend and a dividend yield of 0.57%. The First Bancshares’s dividend payout ratio is presently 13.76%.

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A number of brokerages recently weighed in on FBMS. Keefe, Bruyette & Woods upgraded shares of The First Bancshares from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $31.00 to $30.00 in a report on Thursday, July 27th. Zacks Investment Research lowered shares of The First Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, ValuEngine upgraded shares of The First Bancshares from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

In other The First Bancshares news, Chairman E Ricky Gibson purchased 2,000 shares of The First Bancshares stock in a transaction dated Tuesday, May 16th. The shares were acquired at an average price of $28.40 per share, with a total value of $56,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 11.76% of the stock is currently owned by corporate insiders.

About The 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.

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

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