Renaissance Technologies LLC Has $742,000 Position in The First Bancshares, Inc. (NASDAQ:FBMS)

Renaissance Technologies LLC cut its holdings in The First Bancshares, Inc. (NASDAQ:FBMS) by 60.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,200 shares of the bank’s stock after selling 32,800 shares during the quarter. Renaissance Technologies LLC owned approximately 0.07% of First Bancshares worth $742,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Vestcor Inc bought a new stake in shares of First Bancshares during the fourth quarter worth $25,000. Meeder Asset Management Inc. bought a new stake in First Bancshares during the 4th quarter worth about $29,000. KLP Kapitalforvaltning AS acquired a new position in First Bancshares during the 4th quarter valued at about $182,000. Raymond James Financial Inc. acquired a new position in First Bancshares during the 4th quarter valued at about $307,000. Finally, Chicago Capital Management LLC bought a new position in shares of First Bancshares in the 4th quarter valued at about $352,000. 69.95% of the stock is owned by institutional investors.

First Bancshares Trading Up 0.3 %

Shares of NASDAQ:FBMS opened at $33.75 on Friday. The First Bancshares, Inc. has a 52-week low of $23.60 and a 52-week high of $39.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $1.05 billion, a P/E ratio of 13.83 and a beta of 0.92. The company has a 50-day simple moving average of $34.20 and a 200 day simple moving average of $35.31.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on First Bancshares in a research note on Wednesday. They issued a “hold” rating for the company.

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.