Investment analysts at StockNews.com initiated coverage on shares of First Bancshares (NASDAQ:FBMS - Get Free Report) in a research note issued to investors on Wednesday. The firm set a "sell" rating on the bank's stock.
Separately, Keefe, Bruyette & Woods boosted 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.
Read Our Latest Report on FBMS
First Bancshares Stock Performance
Shares of FBMS stock traded up $0.05 during trading hours on Wednesday, reaching $34.50. 110,965 shares of the company's stock were exchanged, compared to its average volume of 181,243. First Bancshares has a fifty-two week low of $22.96 and a fifty-two week high of $39.21. The stock has a market capitalization of $1.08 billion, a P/E ratio of 14.14 and a beta of 0.92. The business has a fifty day moving average price of $36.16 and a 200-day moving average price of $34.83. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33.
Institutional Trading of First Bancshares
A number of institutional investors and hedge funds have recently modified their holdings of FBMS. Olympiad Research LP bought a new stake in shares of First Bancshares during the third quarter valued at approximately $997,000. Principal Financial Group Inc. bought a new stake in First Bancshares in the third quarter valued at $846,000. Wolverine Asset Management LLC bought a new stake in First Bancshares in the third quarter valued at $1,054,000. Versor Investments LP bought a new stake in First Bancshares in the third quarter valued at $1,666,000. Finally, Entropy Technologies LP bought a new stake in First Bancshares in the third quarter valued at $203,000. 69.95% of the stock is currently owned by institutional investors.
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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