Public Employees Retirement Association of Colorado Sells 541 Shares of The First Bancshares, Inc. (NASDAQ:FBMS)

Public Employees Retirement Association of Colorado lowered its position in shares of The First Bancshares, Inc. (NASDAQ:FBMS) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,195 shares of the bank’s stock after selling 541 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in First Bancshares were worth $252,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC raised its holdings in First Bancshares by 2.7% during the 4th quarter. LPL Financial LLC now owns 19,518 shares of the bank’s stock worth $683,000 after purchasing an additional 521 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of First Bancshares by 26.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,102 shares of the bank’s stock worth $109,000 after buying an additional 641 shares during the period. MetLife Investment Management LLC raised its stake in shares of First Bancshares by 3.9% during the fourth quarter. MetLife Investment Management LLC now owns 18,404 shares of the bank’s stock worth $644,000 after buying an additional 695 shares during the last quarter. Vestcor Inc acquired a new position in First Bancshares in the fourth quarter valued at approximately $25,000. Finally, Meeder Asset Management Inc. bought a new position in First Bancshares in the fourth quarter valued at approximately $29,000. Institutional investors own 69.95% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on First Bancshares in a research note on Wednesday. They issued a “hold” rating on the stock.

First Bancshares Stock Up 0.3 %

First Bancshares stock opened at $33.75 on Friday. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.83 and a beta of 0.92. The company’s 50 day simple moving average is $34.16 and its 200 day simple moving average is $35.31. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The First Bancshares, Inc. has a fifty-two week low of $23.60 and a fifty-two week high of $39.21.

About First Bancshares

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.