Anton Schutz’s Mendon Capital Advisors Portfolio: Top 5 Finance Stocks

4. The First Bancshares, Inc. (NASDAQ:FBMS)

Mendon Capital Advisors’ Stake Value: $13,174,000

Percentage of Mendon Capital Advisors’ 13F Portfolio: 4.48%

Number of Hedge Fund Holders: 9

The First Bancshares, Inc. (NASDAQ:FBMS) is a Mississippi-based bank holding company, with operations in Louisiana, Alabama, Georgia, and Florida. Offering services like personal banking, mortgage lending, treasury management, and a network of ATMs and branches, The First Bancshares, Inc. (NASDAQ:FBMS) is one of the top finance stock picks of Anton Schutz, with Mendon Capital Management holding a $13.1 million stake in the company. 

Of the hedge funds monitored by Insider Monkey, Chuck Royce’s Royce & Associates is the largest stakeholder in The First Bancshares, Inc. (NASDAQ:FBMS), as of June this year, with 652,051 shares valued at $25.2 million. 

On October 25, earnings per share for Q3 were announced as $0.76 by The First Bancshares, Inc. (NASDAQ:FBMS), beating estimates by $0.01. Revenue for the quarter equated $40.03 million, surpassing forecasts by $0.48 million. 

The First Bancshares, Inc. (NASDAQ:FBMS) will distribute dividends amounting to $0.16 per common share on November 26, to shareholders on record as of November 9. This represents an increase of 6.67% when compared to the previous dividend payout.