StockNews.com Begins Coverage on First Bancshares (NASDAQ:FBMS)

StockNews.com began coverage on shares of First Bancshares (NASDAQ:FBMS) in a report issued on Friday. The firm issued a hold rating on the bank’s stock.

First Bancshares Stock Performance

Shares of FBMS stock opened at $33.75 on Friday. The company has a market capitalization of $1.05 billion, a P/E ratio of 13.83 and a beta of 0.92. The business’s 50 day moving average is $33.99 and its two-hundred day moving average is $35.34. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. First Bancshares has a 12-month low of $23.60 and a 12-month high of $39.21.

Hedge Funds Weigh In On First Bancshares

A number of hedge funds have recently bought and sold shares of the business. Millennium Management LLC lifted its position in shares of First Bancshares by 252.1% in the first quarter. Millennium Management LLC now owns 846,307 shares of the bank’s stock valued at $28,614,000 after acquiring an additional 605,950 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of First Bancshares by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,085 shares of the bank’s stock valued at $611,000 after acquiring an additional 799 shares in the last quarter. EJF Capital LLC lifted its position in shares of First Bancshares by 8.0% in the first quarter. EJF Capital LLC now owns 106,149 shares of the bank’s stock valued at $3,589,000 after acquiring an additional 7,847 shares in the last quarter. AQR Arbitrage LLC lifted its position in shares of First Bancshares by 3.4% in the first quarter. AQR Arbitrage LLC now owns 581,420 shares of the bank’s stock valued at $19,658,000 after acquiring an additional 19,370 shares in the last quarter. Finally, Magnetar Financial LLC lifted its position in shares of First Bancshares by 0.4% in the first quarter. Magnetar Financial LLC now owns 758,210 shares of the bank’s stock valued at $25,635,000 after acquiring an additional 2,655 shares in the last quarter. Hedge funds and other institutional investors 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.