Investment analysts at StockNews.com started coverage on shares of First Bancshares (NASDAQ:FBMS - Get Free Report) in a research report issued to clients and investors on Thursday. The brokerage set a "sell" rating on the bank's stock.
Separately, Keefe, Bruyette & Woods upped their target price on shares of First Bancshares from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th.
Get Our Latest Analysis on FBMS
First Bancshares Trading Up 4.5 %
NASDAQ:FBMS traded up $1.47 on Thursday, reaching $34.33. The stock had a trading volume of 146,789 shares, compared to its average volume of 175,422. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 14.07 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 firm's fifty day moving average is $35.98 and its two-hundred day moving average is $34.88. First Bancshares has a 12-month low of $22.96 and a 12-month high of $39.21.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of FBMS. Lord Abbett & CO. LLC purchased a new position in shares of First Bancshares during the 3rd quarter worth about $56,256,000. Citigroup Inc. lifted its holdings in shares of First Bancshares by 1,454.0% during the 3rd quarter. Citigroup Inc. now owns 619,730 shares of the bank's stock worth $19,912,000 after acquiring an additional 579,851 shares during the period. Susquehanna International Group LLP lifted its holdings in shares of First Bancshares by 436.7% during the 4th quarter. Susquehanna International Group LLP now owns 376,549 shares of the bank's stock worth $13,179,000 after acquiring an additional 306,390 shares during the period. Gardner Lewis Asset Management L P lifted its holdings in shares of First Bancshares by 346.5% during the 4th quarter. Gardner Lewis Asset Management L P now owns 360,555 shares of the bank's stock worth $12,619,000 after acquiring an additional 279,812 shares during the period. Finally, Westchester Capital Management LLC purchased a new position in shares of First Bancshares during the 3rd quarter worth about $8,249,000. 69.95% of the stock is currently owned by hedge funds and other institutional investors.
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.
See Also
Before you consider First Bancshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Bancshares wasn't on the list.
While First Bancshares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for April 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
