Northern Trust Corp Buys 20,409 Shares of The First Bancshares, Inc. (NASDAQ:FBMS)

Northern Trust Corp lifted its position in The First Bancshares, Inc. (NASDAQ:FBMS) by 7.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 291,028 shares of the bank’s stock after purchasing an additional 20,409 shares during the quarter. Northern Trust Corp owned 0.93% of First Bancshares worth $10,186,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Susquehanna International Group LLP grew its position in First Bancshares by 436.7% during the 4th quarter. Susquehanna International Group LLP now owns 376,549 shares of the bank’s stock worth $13,179,000 after acquiring an additional 306,390 shares during the last quarter. Gardner Lewis Asset Management L P lifted its position in First Bancshares by 346.5% during 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 acquiring an additional 279,812 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of First Bancshares during the fourth quarter valued at approximately $6,296,000. ABC Arbitrage SA bought a new stake in First Bancshares in the fourth quarter worth $4,543,000. Finally, Credit Industriel ET Commercial bought a new position in First Bancshares in the 4th quarter worth about $3,500,000. Hedge funds and other institutional investors own 69.95% of the company’s stock.

First Bancshares Stock Performance

Shares of FBMS opened at $33.75 on Friday. The business has a fifty day moving average of $33.99 and a 200 day moving average of $35.35. The firm has a market capitalization of $1.05 billion, a P/E ratio of 13.83 and a beta of 0.92. The First Bancshares, Inc. has a one year low of $23.60 and a one year high of $39.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on First Bancshares in a research note on Friday. They set a “hold” rating on the stock.

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.