First Bancshares (NASDAQ:FBMS) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of First Bancshares (NASDAQ:FBMS) in a research note issued on Monday. The brokerage set a “hold” rating on the bank’s stock.

First Bancshares Price Performance

FBMS stock opened at $33.75 on Monday. The company’s 50-day moving average price is $35.26 and its two-hundred day moving average price is $35.14. The firm has a market cap of $1.05 billion, a P/E ratio of 13.83 and a beta of 0.92. 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 12 month low of $22.96 and a 12 month high of $39.21.

Institutional Trading of First Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in shares of First Bancshares by 11,808.7% during the 1st quarter. GAMMA Investing LLC now owns 2,739 shares of the bank’s stock valued at $93,000 after acquiring an additional 2,716 shares in the last quarter. Mascagni Wealth Management Inc. acquired a new stake in shares of First Bancshares during the fourth quarter valued at about $562,000. CSS LLC IL grew its holdings in shares of First Bancshares by 293.9% during the fourth quarter. CSS LLC IL now owns 32,665 shares of the bank’s stock worth $1,143,000 after purchasing an additional 24,372 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of First Bancshares in the fourth quarter valued at approximately $1,279,000. Finally, Sagefield Capital LP raised its holdings in First Bancshares by 7.4% in the 4th quarter. Sagefield Capital LP now owns 54,425 shares of the bank’s stock valued at $1,905,000 after buying an additional 3,729 shares during the last quarter. Institutional investors own 69.95% of the company’s stock.

About First Bancshares

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.