Several other research firms also recently weighed in on FBMS. Zacks Investment Research downgraded First Bancshares from a buy rating to a hold rating in a report on Friday, August 16th. Stephens downgraded First Bancshares from an overweight rating to an equal weight rating and set a $34.00 price objective for the company. in a report on Tuesday, July 9th. Finally, BidaskClub raised First Bancshares from a sell rating to a hold rating in a report on Friday, July 26th.
FBMS traded down $0.07 on Wednesday, reaching $31.44. The company’s stock had a trading volume of 28,734 shares, compared to its average volume of 84,569. The stock has a 50 day moving average of $32.16 and a two-hundred day moving average of $31.12. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $540.03 million, a price-to-earnings ratio of 13.73 and a beta of 0.34. First Bancshares has a fifty-two week low of $27.84 and a fifty-two week high of $39.69.
A number of large investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its position in First Bancshares by 6.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,358,252 shares of the bank’s stock worth $41,209,000 after acquiring an additional 80,962 shares in the last quarter. BlackRock Inc. increased its position in shares of First Bancshares by 38.9% in the second quarter. BlackRock Inc. now owns 928,987 shares of the bank’s stock valued at $28,186,000 after buying an additional 259,971 shares in the last quarter. Vanguard Group Inc. increased its position in shares of First Bancshares by 3.6% in the second quarter. Vanguard Group Inc. now owns 649,671 shares of the bank’s stock valued at $19,711,000 after buying an additional 22,442 shares in the last quarter. Jacobs Asset Management LLC increased its position in shares of First Bancshares by 7.0% in the second quarter. Jacobs Asset Management LLC now owns 610,029 shares of the bank’s stock valued at $18,508,000 after buying an additional 39,999 shares in the last quarter. Finally, Mendon Capital Advisors Corp increased its position in shares of First Bancshares by 5.7% in the second quarter. Mendon Capital Advisors Corp now owns 546,291 shares of the bank’s stock valued at $16,575,000 after buying an additional 29,426 shares in the last quarter. Hedge funds and other institutional investors own 59.49% of the company’s stock.
About First Bancshares
The First Bancshares, Inc operates as the bank holding company for The First, A National Banking Association 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 accounts.
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