The First Bancshares, Inc. (FBMS) to Issue Quarterly Dividend of $0.25 on February 26th

The First Bancshares, Inc. (NASDAQ:FBMS) announced a quarterly dividend on Tuesday, January 28th,Wall Street Journal reports. Shareholders of record on Monday, February 10th will be paid a dividend of 0.25 per share by the bank on Wednesday, February 26th. This represents a $1.00 annualized dividend and a yield of 2.61%. The ex-dividend date is Monday, February 10th.

First Bancshares has raised its dividend by an average of 28.9% annually over the last three years.

First Bancshares Trading Down 1.8 %

Shares of NASDAQ:FBMS opened at $38.29 on Friday. The business has a 50 day moving average of $36.01 and a two-hundred day moving average of $34.18. First Bancshares has a 12-month low of $22.96 and a 12-month high of $39.21. The company has a market capitalization of $1.19 billion, a PE ratio of 15.17 and a beta of 0.94. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33.

Analyst Ratings Changes

FBMS has been the topic of a number of research analyst reports. 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. StockNews.com assumed coverage on First Bancshares in a report on Saturday, February 1st. They issued a “sell” rating for the company. Finally, Janney Montgomery Scott downgraded shares of First Bancshares from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. One 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’s stock. According to MarketBeat.com, First Bancshares has an average rating of “Hold” and an average price target of $38.75.

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.