The First Bancshares, Inc. (NASDAQ:FBMS) Shares Purchased by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC raised its position in The First Bancshares, Inc. (NASDAQ:FBMS) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,168 shares of the bank’s stock after acquiring an additional 4,702 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.80% of First Bancshares worth $8,721,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FBMS. Barclays PLC grew its holdings in shares of First Bancshares by 48.1% in the third quarter. Barclays PLC now owns 86,748 shares of the bank’s stock valued at $2,787,000 after purchasing an additional 28,184 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of First Bancshares by 5.9% in the third quarter. JPMorgan Chase & Co. now owns 475,014 shares of the bank’s stock worth $15,262,000 after acquiring an additional 26,349 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of First Bancshares by 22.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,553 shares of the bank’s stock worth $719,000 after acquiring an additional 3,802 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of First Bancshares in the fourth quarter valued at $6,296,000. Finally, Empowered Funds LLC boosted its holdings in First Bancshares by 5.1% in the fourth quarter. Empowered Funds LLC now owns 97,768 shares of the bank’s stock valued at $3,422,000 after purchasing an additional 4,702 shares during the period. 69.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on First Bancshares in a research report on Wednesday, April 30th. They issued a “hold” rating on the stock.

First Bancshares Price Performance

First Bancshares stock opened at $33.75 on Wednesday. The stock 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 fifty day simple moving average of $34.10 and a 200-day simple moving average of $35.32. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The First Bancshares, Inc. has a 12-month low of $23.60 and a 12-month high of $39.21.

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.