The First Bancshares, Inc. Buyback
OLI recorded this information on 2/28/2024
Company:
The First Bancshares, Inc.
Buyback:
FBMS buyback
$Amount Authorized:
$50,000,000
Buyback Details:
The First Bancshares, Inc. (NASDAQ:FBMS) ("First Bancshares" or the "Company"), the holding company for The First Bank, announced today that the Company's board of directors has approved a new share repurchase program for the 2024 calendar year. Under the program, the Company may, but is not required to, from time to time repurchase up to $50 million of shares of its common stock in any manner determined appropriate by the Company's management. The actual timing and method of any purchases, the target number of shares and the maximum price (or range of prices) under the program, will be determined by management at its discretion and will depend on a number of factors, including the market price of the Company's common stock, general market and economic conditions, and applicable legal and regulatory requirements. The new share repurchase program has an expiration date of December 31, 2024, and is effectively a renewal of the Company's 2024 share repurchase program.
First Bancshares is a bank holding company. Through its subsidiary, The First Bank, Co. provides a range of financial services, including consumer and commercial loans, deposit accounts and safe deposit services. Co. provides a range of deposit services including checking accounts, NOW accounts, savings accounts, and other time deposits of various types, ranging from daily money market accounts to longer-term certificates of deposit. Co. also provides a range of commercial and personal loans, including both secured and unsecured loans for working capital, business expansion, and purchase of equipment and machinery.15,796
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Avg. Broker Rec.
 
|
Buy (3.00 out of 4) 30th percentile
(ranked lower than approx. 70% of all stocks covered)
Analysts' Target Price: FBMS Stock Forecast Based on Zacks ABR data; powered by Xignite |
