Equities research analysts at StockNews.com assumed coverage on shares of First Bancshares (NASDAQ:FBMS - Get Free Report) in a research report issued to clients and investors on Friday. The brokerage set a "sell" rating on the bank's stock.
Separately, Keefe, Bruyette & Woods raised their price target on First Bancshares from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th.
Read Our Latest Research Report on First Bancshares
First Bancshares Stock Performance
Shares of NASDAQ FBMS traded up $0.77 during midday trading on Friday, hitting $35.82. The company's stock had a trading volume of 175,083 shares, compared to its average volume of 175,298. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.68 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. The stock has a fifty day moving average price of $36.03 and a 200 day moving average price of $34.92. First Bancshares has a one year low of $22.96 and a one year high of $39.21.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in FBMS. Lord Abbett & CO. LLC bought a new position in First Bancshares in the 3rd quarter worth about $56,256,000. Dimensional Fund Advisors LP lifted its position in First Bancshares by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,598,088 shares of the bank's stock valued at $55,933,000 after purchasing an additional 74,483 shares during the last quarter. Alliancebernstein L.P. lifted its position in First Bancshares by 2.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,030,933 shares of the bank's stock valued at $36,083,000 after purchasing an additional 27,548 shares during the last quarter. State Street Corp increased its holdings in shares of First Bancshares by 3.0% in the 3rd quarter. State Street Corp now owns 971,246 shares of the bank's stock worth $31,206,000 after buying an additional 28,215 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of First Bancshares by 7.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 967,043 shares of the bank's stock valued at $33,847,000 after buying an additional 68,396 shares in the last quarter. 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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