Equities researchers at StockNews.com assumed coverage on shares of First Bancshares (NASDAQ:FBMS - Get Free Report) in a research note issued to investors on Saturday. The brokerage set a "sell" rating on the bank's stock.
Separately, Keefe, Bruyette & Woods raised their target price on First Bancshares from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th.
Get Our Latest Stock Report on FBMS
First Bancshares Stock Performance
Shares of NASDAQ FBMS traded up $0.16 during trading hours on Friday, reaching $33.81. The stock had a trading volume of 2,277,247 shares, compared to its average volume of 189,428. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 13.86 and a beta of 0.92. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The business's fifty day moving average is $36.06 and its two-hundred day moving average is $35.04. First Bancshares has a twelve month low of $22.96 and a twelve month high of $39.21.
Institutional Investors Weigh In On First Bancshares
Hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in First Bancshares by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 898,647 shares of the bank's stock valued at $28,874,000 after acquiring an additional 37,167 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in First Bancshares during the 3rd quarter valued at about $389,000. Quantbot Technologies LP bought a new position in shares of First Bancshares in the 3rd quarter valued at about $308,000. FMR LLC grew its position in shares of First Bancshares by 50.8% during the 3rd quarter. FMR LLC now owns 3,194 shares of the bank's stock worth $103,000 after buying an additional 1,076 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of First Bancshares during the third quarter worth approximately $954,000. Institutional investors own 69.95% of the company's stock.
About First Bancshares
(
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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