First Bancshares (NASDAQ:FBMS) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of First Bancshares (NASDAQ:FBMS) in a report issued on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

First Bancshares Stock Up 0.3 %

NASDAQ:FBMS opened at $33.75 on Wednesday. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.83 and a beta of 0.92. First Bancshares has a one year low of $23.60 and a one year high of $39.21. The stock has a 50-day simple moving average of $34.20 and a 200 day simple moving average of $35.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84.

Hedge Funds Weigh In On First Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Alps Advisors Inc. acquired a new position in First Bancshares in the first quarter valued at approximately $349,000. Bank of New York Mellon Corp boosted its stake in First Bancshares by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 151,116 shares of the bank’s stock valued at $5,109,000 after acquiring an additional 5,928 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in First Bancshares by 12.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,136 shares of the bank’s stock valued at $779,000 after acquiring an additional 2,583 shares during the period. Capital Advisory Group Advisory Services LLC acquired a new position in First Bancshares in the first quarter valued at approximately $297,000. Finally, GAMMA Investing LLC boosted its stake in First Bancshares by 11,808.7% in the first quarter. GAMMA Investing LLC now owns 2,739 shares of the bank’s stock valued at $93,000 after acquiring an additional 2,716 shares during the period. 69.95% of the stock is currently owned by institutional investors and hedge funds.

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.