Equities researchers at StockNews.com began coverage on shares of First Bancshares (NASDAQ:FBMS - Get Free Report) in a report issued on Saturday. The brokerage set a "sell" rating on the bank's stock.
Separately, Keefe, Bruyette & Woods upped their price objective on First Bancshares from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th.
Check Out Our Latest Stock Analysis on First Bancshares
First Bancshares Trading Up 0.3 %
Shares of FBMS stock traded up $0.10 during trading hours on Friday, reaching $33.75. 2,277,247 shares of the stock were exchanged, compared to its average volume of 188,772. First Bancshares has a 12-month low of $22.96 and a 12-month high of $39.21. The company's 50-day moving average price is $35.93 and its 200-day moving average price is $35.06. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.83 and a beta of 0.92. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of FBMS. LPL Financial LLC lifted its holdings in shares of First Bancshares by 2.7% in the 4th quarter. LPL Financial LLC now owns 19,518 shares of the bank's stock worth $683,000 after buying an additional 521 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of First Bancshares by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,286 shares of the bank's stock valued at $605,000 after acquiring an additional 638 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in First Bancshares by 26.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,102 shares of the bank's stock worth $109,000 after acquiring an additional 641 shares during the period. MetLife Investment Management LLC grew its holdings in First Bancshares by 3.9% during the 4th quarter. MetLife Investment Management LLC now owns 18,404 shares of the bank's stock worth $644,000 after acquiring an additional 695 shares in the last quarter. Finally, Vestcor Inc purchased a new position in First Bancshares during the 4th quarter valued at about $25,000. Institutional investors own 69.95% of the company's stock.
First Bancshares Company Profile
(
Get Free Report)
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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