California State Teachers Retirement System Acquires 2,904 Shares of First Bancshares Inc (FBMS)

California State Teachers Retirement System grew its holdings in First Bancshares Inc (NASDAQ:FBMS) by 21.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,387 shares of the bank’s stock after purchasing an additional 2,904 shares during the quarter. California State Teachers Retirement System owned approximately 0.15% of First Bancshares worth $560,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Banc Funds Co. LLC boosted its stake in shares of First Bancshares by 8.4% in the 4th quarter. Banc Funds Co. LLC now owns 746,364 shares of the bank’s stock valued at $25,526,000 after purchasing an additional 57,521 shares during the last quarter. BlackRock Inc. boosted its stake in shares of First Bancshares by 22.1% in the 4th quarter. BlackRock Inc. now owns 448,434 shares of the bank’s stock valued at $15,336,000 after purchasing an additional 81,244 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of First Bancshares by 34.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 418,086 shares of the bank’s stock valued at $14,299,000 after purchasing an additional 107,029 shares during the last quarter. Maltese Capital Management LLC boosted its stake in shares of First Bancshares by 17.4% in the 4th quarter. Maltese Capital Management LLC now owns 318,444 shares of the bank’s stock valued at $10,891,000 after purchasing an additional 47,119 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. bought a new position in shares of First Bancshares in the 4th quarter valued at about $5,127,000. 61.00% of the stock is currently owned by institutional investors.

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Several brokerages have recently issued reports on FBMS. Zacks Investment Research lowered shares of First Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. BidaskClub lowered shares of First Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. ValuEngine raised shares of First Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stephens reissued a “buy” rating and set a $37.00 price objective on shares of First Bancshares in a research note on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $39.00 price objective on shares of First Bancshares in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $38.00.

First Bancshares stock opened at $31.80 on Monday. First Bancshares Inc has a fifty-two week low of $26.05 and a fifty-two week high of $35.10. The company has a market cap of $392.38, a P/E ratio of 18.07 and a beta of -0.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.89 and a current ratio of 0.90.

First Bancshares (NASDAQ:FBMS) last released its quarterly earnings data on Friday, January 26th. The bank reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. First Bancshares had a net margin of 13.20% and a return on equity of 9.49%. The business had revenue of $18.78 million for the quarter, compared to analyst estimates of $19.55 million. analysts expect that First Bancshares Inc will post 2.21 EPS for the current fiscal year.

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First Bancshares Profile

The First Bancshares, Inc operates as the holding company for The First, A National Banking Association 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 accounts.

Institutional Ownership by Quarter for First Bancshares (NASDAQ:FBMS)

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