First Bancshares (NASDAQ:FBMS) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

The First Bancshares, Inc. (NASDAQ:FBMS) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $34.74 and traded as low as $32.91. First Bancshares shares last traded at $33.75, with a volume of 2,277,247 shares.

Analyst Ratings Changes

Separately, Wall Street Zen assumed coverage on shares of First Bancshares in a research note on Friday, May 16th. They issued a “hold” rating on the stock.

First Bancshares Price Performance

The stock’s fifty day moving average price is $33.75 and its 200-day moving average price is $34.74. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 13.83 and a beta of 0.92. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33.

Institutional Trading of First Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vestcor Inc acquired a new stake in shares of First Bancshares during the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new stake in shares of First Bancshares during the 4th quarter worth approximately $29,000. Sterling Capital Management LLC increased its holdings in First Bancshares by 864.4% in the 4th quarter. Sterling Capital Management LLC now owns 974 shares of the bank’s stock valued at $34,000 after purchasing an additional 873 shares during the last quarter. Summit Securities Group LLC acquired a new stake in First Bancshares in the 1st quarter valued at approximately $43,000. Finally, GAMMA Investing LLC increased its holdings in First Bancshares by 11,808.7% in the 1st quarter. GAMMA Investing LLC now owns 2,739 shares of the bank’s stock valued at $93,000 after purchasing an additional 2,716 shares during the last quarter. Institutional investors and hedge funds 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.