Keefe, Bruyette & Woods reiterated their buy rating on shares of The First Bancshares, Inc. (NASDAQ:FBMS) in a research note issued to investors on Tuesday. Keefe, Bruyette & Woods currently has a $32.00 target price on the bank’s stock.

The First Bancshares (NASDAQ FBMS) traded up 0.50% during trading on Tuesday, reaching $30.15. 2,867 shares of the company’s stock traded hands. The First Bancshares has a 12 month low of $17.10 and a 12 month high of $30.85. The company has a 50-day moving average of $28.70 and a 200 day moving average of $28.09. The stock has a market capitalization of $275.72 million, a P/E ratio of 29.85 and a beta of -0.29.

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Hedge funds and other institutional investors have recently modified their holdings of the business. Nationwide Fund Advisors acquired a new stake in The First Bancshares in the 2nd quarter valued at about $128,000. Rhumbline Advisers acquired a new stake in The First Bancshares in the 2nd quarter valued at about $246,000. New York State Common Retirement Fund acquired a new stake in The First Bancshares in the 2nd quarter valued at about $251,000. Schwab Charles Investment Management Inc. acquired a new stake in The First Bancshares in the 2nd quarter valued at about $392,000. Finally, California State Teachers Retirement System acquired a new stake in The First Bancshares in the 2nd quarter valued at about $414,000. 57.90% of the stock is owned by institutional investors.

About The First Bancshares

The First Bancshares, Inc is a bank holding company for The First, A National Banking Association (the Bank). The Company and the Bank engage in a general commercial and retail banking business for small to medium-sized businesses, professional concerns and individuals. The Bank provides a range of banking services in its primary market area of South Mississippi, South Alabama and Louisiana.

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