The First Bancshares, Inc. (NASDAQ:FBMS) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. trimmed its holdings in The First Bancshares, Inc. (NASDAQ:FBMS) by 7.0% during the fourth quarter, HoldingsChannel reports. The firm owned 15,125 shares of the bank’s stock after selling 1,142 shares during the period. Corebridge Financial Inc.’s holdings in First Bancshares were worth $529,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. acquired a new position in First Bancshares in the 3rd quarter valued at about $846,000. JPMorgan Chase & Co. raised its position in shares of First Bancshares by 5.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 475,014 shares of the bank’s stock valued at $15,262,000 after buying an additional 26,349 shares during the period. State Street Corp lifted its holdings in First Bancshares by 3.0% in the third quarter. State Street Corp now owns 971,246 shares of the bank’s stock valued at $31,206,000 after acquiring an additional 28,215 shares during the last quarter. Barclays PLC lifted its holdings in First Bancshares by 48.1% in the third quarter. Barclays PLC now owns 86,748 shares of the bank’s stock valued at $2,787,000 after acquiring an additional 28,184 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in First Bancshares by 7.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 967,043 shares of the bank’s stock worth $33,847,000 after acquiring an additional 68,396 shares during the period. 69.95% of the stock is currently owned by institutional investors and hedge funds.

First Bancshares Trading Up 0.3 %

Shares of FBMS stock opened at $33.75 on Wednesday. The company has a 50-day moving average of $35.63 and a two-hundred day moving average of $35.09. The firm has a market cap of $1.05 billion, a PE ratio of 13.83 and a beta of 0.92. The First Bancshares, Inc. has a 1-year low of $22.96 and a 1-year high of $39.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84.

First Bancshares Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on First Bancshares in a research report on Sunday. They issued a “hold” rating on the stock.

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.