First Guaranty Bancshares (NASDAQ:FGBI) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBI) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.06 and traded as low as $7.61. First Guaranty Bancshares shares last traded at $7.66, with a volume of 9,551 shares traded.

First Guaranty Bancshares Price Performance

The stock has a market cap of $95.79 million, a P/E ratio of 9.46 and a beta of 0.42. The business has a 50 day simple moving average of $9.06 and a 200-day simple moving average of $10.60. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.91 and a current ratio of 0.91.

First Guaranty Bancshares (NASDAQ:FGBI) last posted its quarterly earnings results on Monday, February 3rd. The bank reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.13). First Guaranty Bancshares had a net margin of 5.04% and a return on equity of 5.62%. On average, sell-side analysts forecast that First Guaranty Bancshares, Inc. will post 0.89 EPS for the current year.

First Guaranty Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.52%. First Guaranty Bancshares’s payout ratio is currently 4.94%.

Hedge Funds Weigh In On First Guaranty Bancshares

Institutional investors have recently bought and sold shares of the company. Bridgeway Capital Management LLC raised its stake in shares of First Guaranty Bancshares by 1.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 82,497 shares of the bank’s stock valued at $937,000 after buying an additional 1,242 shares during the period. Empowered Funds LLC increased its holdings in First Guaranty Bancshares by 4.9% in the 4th quarter. Empowered Funds LLC now owns 42,306 shares of the bank’s stock worth $481,000 after acquiring an additional 1,968 shares during the last quarter. Citadel Advisors LLC raised its stake in First Guaranty Bancshares by 26.9% in the 4th quarter. Citadel Advisors LLC now owns 13,661 shares of the bank’s stock valued at $155,000 after acquiring an additional 2,894 shares during the period. Geode Capital Management LLC lifted its holdings in First Guaranty Bancshares by 8.0% during the third quarter. Geode Capital Management LLC now owns 68,788 shares of the bank’s stock valued at $733,000 after purchasing an additional 5,070 shares during the last quarter. Finally, Northern Trust Corp boosted its position in First Guaranty Bancshares by 48.8% during the fourth quarter. Northern Trust Corp now owns 26,780 shares of the bank’s stock worth $304,000 after purchasing an additional 8,780 shares during the period. Hedge funds and other institutional investors own 39.52% of the company’s stock.

About First Guaranty Bancshares

First Guaranty Bancshares, Inc operates as the holding company for First Guaranty Bank that provides commercial banking services in Louisiana and Texas. It offers various deposit products, including personal and business checking, savings, money market, and demand accounts, as well as time deposits to consumers, small businesses, and municipalities.