First Bancshares Inc (NASDAQ:FBMS) Plans Quarterly Dividend of $0.08

First Bancshares Inc (NASDAQ:FBMS) announced a quarterly dividend on Tuesday, April 23rd, Wall Street Journal reports. Shareholders of record on Friday, May 10th will be given a dividend of 0.08 per share by the bank on Friday, May 24th. This represents a $0.32 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from First Bancshares’s previous quarterly dividend of $0.07.

First Bancshares has raised its dividend payment by an average of 10.1% annually over the last three years. First Bancshares has a dividend payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Bancshares to earn $2.96 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 10.8%.

FBMS stock traded down $0.18 during trading on Thursday, reaching $30.64. 16,536 shares of the company were exchanged, compared to its average volume of 31,736. The stock has a market cap of $529.25 million, a price-to-earnings ratio of 13.38 and a beta of 0.29. First Bancshares has a twelve month low of $27.84 and a twelve month high of $43.53. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.89 and a quick ratio of 0.89.

First Bancshares (NASDAQ:FBMS) last released its quarterly earnings data on Monday, April 22nd. The bank reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). First Bancshares had a return on equity of 10.24% and a net margin of 18.16%. The company had revenue of $32.69 million for the quarter, compared to analyst estimates of $32.58 million. On average, equities research analysts anticipate that First Bancshares will post 2.81 EPS for the current fiscal year.

Several equities analysts have issued reports on the stock. Zacks Investment Research cut shares of First Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. BidaskClub cut shares of First Bancshares from a “sell” rating to a “strong sell” rating in a research report on Wednesday, February 20th. Finally, ValuEngine cut shares of First Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th.

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First Bancshares Company Profile

The First Bancshares, Inc operates as the bank holding company for The First, A National Banking Association 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 accounts.

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Dividend History for First Bancshares (NASDAQ:FBMS)

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