Deutsche Bank AG Acquires 40,800 Shares of The First Bancshares, Inc. (NASDAQ:FBMS)

Deutsche Bank AG lifted its stake in shares of The First Bancshares, Inc. (NASDAQ:FBMS) by 247.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,282 shares of the bank’s stock after buying an additional 40,800 shares during the period. Deutsche Bank AG owned about 0.18% of First Bancshares worth $2,005,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FBMS. Barclays PLC raised its holdings in First Bancshares by 48.1% during the third quarter. Barclays PLC now owns 86,748 shares of the bank’s stock worth $2,787,000 after buying an additional 28,184 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in First Bancshares by 22.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,553 shares of the bank’s stock valued at $719,000 after purchasing an additional 3,802 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of First Bancshares during the fourth quarter worth about $6,296,000. Empowered Funds LLC raised its position in shares of First Bancshares by 5.1% during the 4th quarter. Empowered Funds LLC now owns 97,768 shares of the bank’s stock valued at $3,422,000 after buying an additional 4,702 shares in the last quarter. Finally, ABC Arbitrage SA purchased a new position in shares of First Bancshares during the 4th quarter valued at about $4,543,000. 69.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on First Bancshares in a research report on Friday, May 16th. They set a “hold” rating on the stock.

First Bancshares Stock Performance

First Bancshares stock opened at $33.75 on Friday. The stock’s 50 day simple moving average is $33.96 and its two-hundred day simple moving average is $35.35. 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 stock has a market cap of $1.05 billion, a price-to-earnings ratio of 13.83 and a beta of 0.92. The First Bancshares, Inc. has a fifty-two week low of $23.60 and a fifty-two week high of $39.21.

About First Bancshares

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.