First Bancshares (NASDAQ:FBMS – Get Free Report) issued its quarterly earnings results on Wednesday. The bank reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02, Zacks reports. First Bancshares had a net margin of 20.00% and a return on equity of 9.73%. The company had revenue of $104.35 million during the quarter, compared to the consensus estimate of $70.40 million. During the same quarter in the prior year, the firm posted $0.85 EPS.
First Bancshares Price Performance
NASDAQ:FBMS traded up $0.67 on Thursday, hitting $30.26. The company had a trading volume of 304,956 shares, compared to its average volume of 161,312. The stock has a market capitalization of $944.72 million, a price-to-earnings ratio of 12.01 and a beta of 0.93. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $25.75 and a two-hundred day moving average of $25.39. First Bancshares has a 52 week low of $22.96 and a 52 week high of $32.06.
First Bancshares Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Thursday, August 8th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Thursday, August 8th. First Bancshares’s payout ratio is 39.68%.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on First Bancshares
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.
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