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.
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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