First Bancshares (NASDAQ:FBMS) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of First Bancshares (NASDAQ:FBMS) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the bank’s stock.

First Bancshares Trading Up 0.3 %

FBMS stock opened at $33.75 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. First Bancshares has a 52-week low of $22.96 and a 52-week high of $39.21. The company’s 50-day simple moving average is $35.77 and its 200-day simple moving average is $35.09. The firm has a market cap of $1.05 billion, a P/E ratio of 13.83 and a beta of 0.92.

Hedge Funds Weigh In On First Bancshares

A number of hedge funds have recently made changes to their positions in the company. FMR LLC increased its position in shares of First Bancshares by 50.8% during the third quarter. FMR LLC now owns 3,194 shares of the bank’s stock worth $103,000 after purchasing an additional 1,076 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of First Bancshares in the third quarter worth about $236,000. Centiva Capital LP boosted its holdings in shares of First Bancshares by 17.8% during the 3rd quarter. Centiva Capital LP now owns 9,767 shares of the bank’s stock worth $314,000 after purchasing an additional 1,476 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of First Bancshares by 120.5% in the third quarter. Stifel Financial Corp now owns 20,218 shares of the bank’s stock valued at $650,000 after purchasing an additional 11,048 shares during the last quarter. Finally, State Street Corp lifted its position in First Bancshares by 3.0% during the third 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 in the last quarter. Institutional investors and hedge funds own 69.95% of the company’s stock.

First Bancshares Company Profile

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.