Equities research 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.
FBMS has been the subject of several other research reports. Janney Montgomery Scott downgraded shares of First Bancshares from a "buy" rating to a "neutral" rating in a report on Thursday, October 24th. Hovde Group raised their price target on First Bancshares from $29.00 to $32.50 and gave the company a "market perform" rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods raised First Bancshares from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $31.00 to $40.00 in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, First Bancshares currently has a consensus rating of "Hold" and an average target price of $35.50.
Get Our Latest Stock Report on FBMS
First Bancshares Price Performance
FBMS traded down $0.56 during trading on Wednesday, reaching $36.55. 124,427 shares of the company traded hands, compared to its average volume of 193,521. The company has a market cap of $1.14 billion, a P/E ratio of 14.73 and a beta of 0.91. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 0.84. First Bancshares has a 12-month low of $22.96 and a 12-month high of $38.21. The firm has a fifty day simple moving average of $32.92 and a 200 day simple moving average of $29.51.
Hedge Funds Weigh In On First Bancshares
Several large investors have recently modified their holdings of FBMS. Innealta Capital LLC bought a new stake in First Bancshares in the second quarter worth about $36,000. CWM LLC raised its holdings in shares of First Bancshares by 3,387.8% in the second quarter. CWM LLC now owns 1,709 shares of the bank's stock worth $44,000 after buying an additional 1,660 shares during the period. FMR LLC lifted its stake 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 acquiring an additional 1,076 shares during the last quarter. Quest Partners LLC purchased a new position in First Bancshares during the 2nd quarter valued at $89,000. Finally, EntryPoint Capital LLC bought a new position in First Bancshares in the 1st quarter valued at $103,000. 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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