Wells Fargo & Company MN Has $625,000 Stock Holdings in The First Bancshares, Inc. (NASDAQ:FBMS)

Wells Fargo & Company MN grew its holdings in shares of The First Bancshares, Inc. (NASDAQ:FBMS) by 27.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,857 shares of the bank’s stock after buying an additional 3,890 shares during the quarter. Wells Fargo & Company MN owned 0.06% of First Bancshares worth $625,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in First Bancshares by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 678,407 shares of the bank’s stock valued at $23,750,000 after purchasing an additional 2,959 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of First Bancshares by 2.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,030,933 shares of the bank’s stock valued at $36,083,000 after buying an additional 27,548 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in First Bancshares during the fourth quarter worth $29,000. Gardner Lewis Asset Management L P raised its position in First Bancshares by 346.5% in the 4th quarter. Gardner Lewis Asset Management L P now owns 360,555 shares of the bank’s stock valued at $12,619,000 after buying an additional 279,812 shares during the last quarter. Finally, Chicago Capital Management LLC bought a new position in First Bancshares during the 4th quarter valued at $352,000. 69.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

First Bancshares Price Performance

Shares of NASDAQ FBMS opened at $33.75 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $1.05 billion, a PE ratio of 13.83 and a beta of 0.92. The stock’s 50 day moving average price is $34.16 and its 200-day moving average price is $35.31. The First Bancshares, Inc. has a twelve month low of $23.60 and a twelve month high of $39.21.

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.