First Guaranty Bancshares (NASDAQ:FGBI) Shares Pass Below 50-Day Moving Average - Time to Sell?

First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report)'s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $12.19 and traded as low as $11.22. First Guaranty Bancshares shares last traded at $11.30, with a volume of 5,724 shares traded.

First Guaranty Bancshares Trading Down 4.2 %

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $135.43 million, a PE ratio of 12.89 and a beta of 0.38. The business's 50-day moving average is $12.19 and its two-hundred day moving average is $10.82.

First Guaranty Bancshares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Friday, December 27th. First Guaranty Bancshares's payout ratio is currently 4.76%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Fourthstone LLC acquired a new stake in shares of First Guaranty Bancshares in the third quarter valued at approximately $366,000. Renaissance Technologies LLC purchased a new stake in First Guaranty Bancshares in the 2nd quarter valued at $138,000. Geode Capital Management LLC boosted its stake in First Guaranty Bancshares by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 68,788 shares of the bank's stock worth $733,000 after purchasing an additional 5,070 shares during the period. Finally, Empowered Funds LLC grew its position in First Guaranty Bancshares by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 40,338 shares of the bank's stock worth $430,000 after purchasing an additional 2,010 shares during the last quarter. 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.