First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report)'s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.50 and traded as low as $8.50. First Guaranty Bancshares shares last traded at $8.52, with a volume of 3,210 shares.
First Guaranty Bancshares Price Performance
The company has a market cap of $100.42 million, a P/E ratio of 9.91 and a beta of 0.40. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.91 and a current ratio of 0.91. The firm's fifty day moving average is $10.29 and its two-hundred day moving average is $10.96.
First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The bank reported $0.03 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.13). First Guaranty Bancshares had a return on equity of 5.62% and a net margin of 5.04%. As a group, analysts anticipate that First Guaranty Bancshares, Inc. will post 0.89 earnings per share for the current fiscal year.
First Guaranty Bancshares Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 27th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.50%. First Guaranty Bancshares's dividend payout ratio is currently 4.94%.
Institutional Investors Weigh In On First Guaranty Bancshares
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Arkadios Wealth Advisors acquired a new stake in shares of First Guaranty Bancshares in the fourth quarter valued at about $122,000. Ameriprise Financial Inc. purchased a new position in First Guaranty Bancshares during the fourth quarter worth about $149,000. Citadel Advisors LLC raised its stake in First Guaranty Bancshares by 26.9% during the fourth quarter. Citadel Advisors LLC now owns 13,661 shares of the bank's stock worth $155,000 after purchasing an additional 2,894 shares during the period. Millennium Management LLC purchased a new stake in shares of First Guaranty Bancshares in the 4th quarter valued at approximately $172,000. Finally, 683 Capital Management LLC purchased a new stake in shares of First Guaranty Bancshares in the 4th quarter valued at approximately $296,000. Hedge funds and other institutional investors own 39.52% of the company's stock.
About First Guaranty Bancshares
(
Get Free Report)
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.
See Also
Before you consider First Guaranty Bancshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Guaranty Bancshares wasn't on the list.
While First Guaranty Bancshares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
