Millennium Management LLC Cuts Stake in The First Bancshares, Inc. (NASDAQ:FBMS)

Millennium Management LLC reduced its holdings in shares of The First Bancshares, Inc. (NASDAQ:FBMS) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 240,357 shares of the bank’s stock after selling 4,080 shares during the period. Millennium Management LLC owned about 0.77% of First Bancshares worth $8,412,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of First Bancshares by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,598,088 shares of the bank’s stock valued at $55,933,000 after purchasing an additional 74,483 shares in the last quarter. Alliancebernstein L.P. lifted its stake in First Bancshares by 2.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,030,933 shares of the bank’s stock worth $36,083,000 after purchasing an additional 27,548 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in First Bancshares by 7.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 967,043 shares of the bank’s stock valued at $33,847,000 after buying an additional 68,396 shares during the period. Magnetar Financial LLC grew its stake in shares of First Bancshares by 2.5% during the fourth quarter. Magnetar Financial LLC now owns 755,555 shares of the bank’s stock valued at $26,444,000 after buying an additional 18,133 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of First Bancshares by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 678,407 shares of the bank’s stock worth $23,750,000 after buying an additional 2,959 shares during the period. 69.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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 Price Performance

Shares of First Bancshares stock opened at $33.75 on Monday. The firm has a market cap of $1.05 billion, a PE ratio of 13.83 and a beta of 0.92. The company’s fifty day simple moving average is $33.96 and its two-hundred day simple moving average is $35.32. 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 First Bancshares, Inc. has a 12-month low of $23.60 and a 12-month high of $39.21.

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.