Curi RMB Capital LLC Sells 9,264 Shares of The First Bancshares, Inc. (NASDAQ:FBMS)

Curi RMB Capital LLC lowered its stake in The First Bancshares, Inc. (NASDAQ:FBMS) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,000 shares of the bank’s stock after selling 9,264 shares during the period. Curi RMB Capital LLC owned 0.80% of First Bancshares worth $8,750,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FBMS. Dimensional Fund Advisors LP grew its holdings in First Bancshares by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,598,088 shares of the bank’s stock worth $55,933,000 after acquiring an additional 74,483 shares during the last quarter. Barclays PLC increased its position in shares of First Bancshares by 10.2% during the fourth quarter. Barclays PLC now owns 95,579 shares of the bank’s stock valued at $3,347,000 after acquiring an additional 8,831 shares during the last quarter. Water Island Capital LLC boosted its holdings in shares of First Bancshares by 165.4% in the 4th quarter. Water Island Capital LLC now owns 34,345 shares of the bank’s stock worth $1,202,000 after buying an additional 21,402 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of First Bancshares by 864.4% in the 4th quarter. Sterling Capital Management LLC now owns 974 shares of the bank’s stock worth $34,000 after purchasing an additional 873 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in First Bancshares in the 4th quarter valued at about $307,000. Institutional investors own 69.95% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on First Bancshares in a research note on Monday, April 14th. They issued a “hold” rating for the company.

First Bancshares Stock Up 0.3 %

Shares of NASDAQ:FBMS opened at $33.75 on Friday. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 13.83 and a beta of 0.92. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $34.81 and a 200 day moving average price of $35.20. The First Bancshares, Inc. has a 12 month low of $23.60 and a 12 month high of $39.21.

First Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Monday, February 10th. First Bancshares’s dividend payout ratio (DPR) is currently 40.98%.

About First Bancshares

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.