First Bancshares (NASDAQ:FBMS) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $39.00 price target on shares of First Bancshares in a report on Friday, December 22nd. 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 note on Tuesday, October 31st. Finally, ValuEngine raised shares of First Bancshares from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.

Shares of First Bancshares (FBMS) traded up $0.05 during midday trading on Friday, hitting $33.15. 17,494 shares of the company’s stock traded hands, compared to its average volume of 40,476. First Bancshares has a 12 month low of $26.05 and a 12 month high of $35.10. The stock has a market capitalization of $371.59, a P/E ratio of 28.83 and a beta of -0.24. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.63.

In other news, Director J Douglas Seidenburg acquired 3,000 shares of First Bancshares stock in a transaction that occurred on Tuesday, October 31st. The shares were acquired at an average price of $29.00 per share, with a total value of $87,000.00. Following the completion of the purchase, the director now owns 100,740 shares of the company’s stock, valued at approximately $2,921,460. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have purchased 4,250 shares of company stock worth $123,250 in the last three months. Insiders own 11.76% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Castine Capital Management LLC lifted its stake in shares of First Bancshares by 7.9% during the third quarter. Castine Capital Management LLC now owns 322,714 shares of the bank’s stock valued at $9,730,000 after buying an additional 23,764 shares during the period. Dimensional Fund Advisors LP increased its position in First Bancshares by 48.2% during the third quarter. Dimensional Fund Advisors LP now owns 49,205 shares of the bank’s stock worth $1,484,000 after purchasing an additional 15,997 shares during the last quarter. Wells Fargo & Company MN increased its position in First Bancshares by 5,262.6% during the third quarter. Wells Fargo & Company MN now owns 12,602 shares of the bank’s stock worth $380,000 after purchasing an additional 12,367 shares during the last quarter. Macquarie Group Ltd. acquired a new position in First Bancshares during the third quarter worth approximately $170,000. Finally, SG Americas Securities LLC acquired a new position in First Bancshares during the third quarter worth approximately $370,000. 47.39% of the stock is currently owned by institutional investors and hedge funds.

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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.

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