The First Bancshares, Inc. (NASDAQ:FBMS) Shares Bought by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC grew its position in The First Bancshares, Inc. (NASDAQ:FBMS) by 1.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 249,168 shares of the bank’s stock after acquiring an additional 4,702 shares during the quarter. Bridgeway Capital Management LLC’s holdings in First Bancshares were worth $8,721,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vestcor Inc acquired a new stake in First Bancshares during the 4th quarter worth $25,000. Meeder Asset Management Inc. acquired a new stake in shares of First Bancshares during the fourth quarter worth about $29,000. Sterling Capital Management LLC grew its holdings in shares of First Bancshares by 864.4% during the fourth quarter. Sterling Capital Management LLC now owns 974 shares of the bank’s stock worth $34,000 after buying an additional 873 shares during the last quarter. Tower Research Capital LLC TRC increased its position in First Bancshares by 26.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,102 shares of the bank’s stock valued at $109,000 after acquiring an additional 641 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in First Bancshares during the 4th quarter valued at approximately $182,000. 69.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of First Bancshares in a research report on Wednesday, April 30th. They issued a “hold” rating on the stock.

First Bancshares Stock Performance

NASDAQ FBMS opened at $33.75 on Wednesday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.83 and a beta of 0.92. The business’s 50 day moving average is $34.10 and its two-hundred day moving average is $35.32. The First Bancshares, Inc. has a 12-month low of $23.60 and a 12-month high of $39.21. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33.

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.