1 week Ago By ABMN Staff
Arrowstreet Capital Limited Partnership cut its holdings in shares of The First Bancshares, Inc. ( NASDAQ:FBMS – Free Report ) by 37.2% during the 4th quarter, HoldingsChannel.
com reports. The institutional investor owned 162,475 shares of the bank’s stock after selling 96,038 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in First Bancshares were worth $5,687,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of FBMS. FMR LLC lifted its stake in shares of First Bancshares by 50.8% in the 3rd quarter.
FMR LLC now owns 3,194 shares of the bank’s stock valued at $103,000 after purchasing an additional 1,076 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of First Bancshares in the third quarter valued at about $236,000. Centiva Capital LP raised its holdings in shares of First Bancshares by 17.
8% during the 3rd quarter. Centiva Capital LP now owns 9,767 shares of the bank’s stock valued at $314,000 after buying an additional 1,476 shares during the period. Stifel Financial Corp boosted its holdings in First Bancshares by 120.
5% in the 3rd quarter. Stifel Financial Corp now owns 20,218 shares of the bank’s stock worth $650,000 after acquiring an additional 11,048 shares during the period. Finally, State Street Corp boosted its holdings in First Bancshares by 3.
0% in the 3rd quarter. State Street Corp now owns 971,246 shares of the bank’s stock worth $31,206,000 after acquiring an additional 28,215 shares during the period. 69.
95% of the stock is currently owned by hedge funds and other institutional investors. First Bancshares Trading Up 0.3 % NASDAQ:FBMS opened at $33.
75 on Tuesday. 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 one year low of $22.96 and a one year high of $39.21.
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 business’s 50-day simple moving average is $35.77 and its 200 day simple moving average is $35.
09. First Bancshares Announces Dividend Wall Street Analysts Forecast Growth Separately, StockNews.com assumed coverage on shares of First Bancshares in a research note on Sunday.
They set a “hold” rating on the stock. Get Our Latest Stock Report on FBMS First Bancshares Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding FBMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The First Bancshares, Inc.
( NASDAQ:FBMS – Free Report ). Receive News & Ratings for First Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Bancshares and related companies with MarketBeat.com's FREE daily email newsletter .
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