Olympiad Research LP Has $640,000 Stake in The First Bancshares, Inc. (NASDAQ:FBMS)

Olympiad Research LP decreased its position in The First Bancshares, Inc. (NASDAQ:FBMS) by 41.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,300 shares of the bank’s stock after selling 12,727 shares during the quarter. First Bancshares accounts for approximately 0.7% of Olympiad Research LP’s holdings, making the stock its 27th largest holding. Olympiad Research LP owned 0.06% of First Bancshares worth $640,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FBMS. CWM LLC raised its stake in shares of First Bancshares by 73.2% in the 3rd quarter. CWM LLC now owns 2,960 shares of the bank’s stock valued at $95,000 after purchasing an additional 1,251 shares during the period. FMR LLC increased its position in shares of First Bancshares by 50.8% in the third quarter. FMR LLC now owns 3,194 shares of the bank’s stock valued at $103,000 after acquiring an additional 1,076 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of First Bancshares in the third quarter valued at about $203,000. Verition Fund Management LLC acquired a new stake in shares of First Bancshares in the third quarter valued at about $236,000. Finally, Quantbot Technologies LP acquired a new stake in shares of First Bancshares in the third quarter valued at about $308,000. Institutional investors and hedge funds own 69.95% of the company’s stock.

First Bancshares Trading Down 1.7 %

First Bancshares stock opened at $36.06 on Friday. The First Bancshares, Inc. has a 52 week low of $22.96 and a 52 week high of $39.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $1.12 billion, a P/E ratio of 14.78 and a beta of 0.94. The stock has a 50-day simple moving average of $36.13 and a 200 day simple moving average of $34.62.

First Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Monday, February 10th. First Bancshares’s payout ratio is currently 40.98%.

Analysts Set New Price Targets

FBMS has been the topic of a number of recent research reports. StockNews.com initiated coverage on First Bancshares in a research report on Monday, February 17th. They issued a “sell” rating on the stock. Keefe, Bruyette & Woods lifted their target price on First Bancshares from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $38.75.

First Bancshares Company 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.