First Bancshares (FBMS) Upgraded at ValuEngine

First Bancshares (NASDAQ:FBMS) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Sunday, December 31st.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of First Bancshares from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $39.00 price objective on shares of First Bancshares in a research report on Friday, December 22nd.

First Bancshares (NASDAQ:FBMS) opened at $33.50 on Friday. The stock has a market cap of $374.95, a PE ratio of 29.13 and a beta of -0.24. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. First Bancshares has a 1 year low of $26.05 and a 1 year high of $35.10.

In other First Bancshares news, Director J Douglas Seidenburg bought 3,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were bought at an average price of $29.00 per share, for a total transaction of $87,000.00. Following the acquisition, the director now directly owns 100,740 shares of the company’s stock, valued at approximately $2,921,460. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought a total of 4,250 shares of company stock worth $123,250 in the last three months. Insiders own 8.08% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nationwide Fund Advisors acquired a new stake in shares of First Bancshares in the 2nd quarter worth about $128,000. Macquarie Group Ltd. acquired a new stake in shares of First Bancshares in the 3rd quarter worth about $170,000. Rhumbline Advisers acquired a new stake in shares of First Bancshares in the 2nd quarter worth about $246,000. New York State Common Retirement Fund purchased a new stake in First Bancshares in the 2nd quarter valued at about $251,000. Finally, SG Americas Securities LLC purchased a new stake in First Bancshares in the 3rd quarter valued at about $370,000. Institutional investors own 47.39% of the company’s stock.

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About First Bancshares

The First Bancshares, Inc is a bank holding company for The First, A National Banking Association (the Bank). The Company and the Bank engage in a general commercial and retail banking business for small to medium-sized businesses, professional concerns and individuals. The Bank provides a range of banking services in its primary market area of South Mississippi, South Alabama and Louisiana.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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