OMERS ADMINISTRATION Corp Has $7.54 Million Stake in The First Bancshares, Inc. (NASDAQ:FBMS)

OMERS ADMINISTRATION Corp grew its position in shares of The First Bancshares, Inc. (NASDAQ:FBMS) by 42.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 215,300 shares of the bank’s stock after purchasing an additional 64,500 shares during the period. OMERS ADMINISTRATION Corp’s holdings in First Bancshares were worth $7,536,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in First Bancshares by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,286 shares of the bank’s stock valued at $605,000 after acquiring an additional 638 shares during the last quarter. Deutsche Bank AG lifted its position in shares of First Bancshares by 247.5% in the 4th quarter. Deutsche Bank AG now owns 57,282 shares of the bank’s stock worth $2,005,000 after purchasing an additional 40,800 shares during the period. Bridgeway Capital Management LLC lifted its position in shares of First Bancshares by 1.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 249,168 shares of the bank’s stock worth $8,721,000 after purchasing an additional 4,702 shares during the period. Bank of America Corp DE lifted its position in shares of First Bancshares by 63.6% in the 4th quarter. Bank of America Corp DE now owns 92,187 shares of the bank’s stock worth $3,227,000 after purchasing an additional 35,836 shares during the period. Finally, Ameriprise Financial Inc. acquired a new position in shares of First Bancshares in the 4th quarter worth approximately $218,000. 69.95% of the stock is owned by institutional investors and hedge funds.

First Bancshares Stock Performance

Shares of First Bancshares stock opened at $33.75 on Wednesday. The company has a market cap of $1.05 billion, a PE ratio of 13.83 and a beta of 0.92. The business has a 50 day moving average price of $33.98 and a 200-day moving average price of $35.35. The First Bancshares, Inc. has a 52 week low of $23.60 and a 52 week high of $39.21. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on First Bancshares in a research note on Thursday, May 8th. They issued a “hold” rating on the stock.

First Bancshares 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.