First Bancshares (NASDAQ:FBMS) Share Price Passes Below 50 Day Moving Average of $30.48

First Bancshares Inc (NASDAQ:FBMS)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $30.48 and traded as low as $29.30. First Bancshares shares last traded at $29.49, with a volume of 9,912 shares trading hands.

A number of research firms have issued reports on FBMS. Zacks Investment Research downgraded shares of First Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. ValuEngine upgraded shares of First Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. Finally, BidaskClub upgraded shares of First Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th.

The stock has a market cap of $503.67 million, a price-to-earnings ratio of 13.02 and a beta of 0.32. The firm’s 50-day moving average is $30.48. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.31.

First Bancshares (NASDAQ:FBMS) last issued its quarterly earnings results on Monday, April 22nd. The bank reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). First Bancshares had a return on equity of 10.24% and a net margin of 18.16%. The company had revenue of $32.69 million during the quarter, compared to the consensus estimate of $32.58 million. On average, equities research analysts anticipate that First Bancshares Inc will post 2.83 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of FBMS. Trustcore Financial Services LLC bought a new position in shares of First Bancshares in the first quarter worth $53,000. Great West Life Assurance Co. Can increased its position in shares of First Bancshares by 16,750.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 2,696 shares of the bank’s stock worth $78,000 after purchasing an additional 2,680 shares during the period. Legal & General Group Plc increased its position in shares of First Bancshares by 40.5% in the fourth quarter. Legal & General Group Plc now owns 2,603 shares of the bank’s stock worth $79,000 after purchasing an additional 750 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of First Bancshares by 508.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,590 shares of the bank’s stock worth $80,000 after purchasing an additional 2,164 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of First Bancshares by 284.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,623 shares of the bank’s stock worth $110,000 after purchasing an additional 2,680 shares during the period. Institutional investors own 56.54% of the company’s stock.

About First Bancshares (NASDAQ:FBMS)

The First Bancshares, Inc operates as the bank 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.

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