First Guaranty Bancshares (NASDAQ:FGBI) Stock Passes Below 50 Day Moving Average - What's Next?

First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report)'s share price crossed 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 Trading Up 2.0 %

The company has a 50 day moving average of $8.88 and a 200 day moving average of $10.55. The firm has a market cap of $96.29 million, a price-to-earnings ratio of 9.51 and a beta of 0.42. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.91.

First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) last issued its 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 net margin of 5.04% and a return on equity of 5.62%. As a group, research analysts anticipate that First Guaranty Bancshares, Inc. will post 0.89 EPS for the current year.

First Guaranty Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.04 annualized dividend and a yield of 0.52%. First Guaranty Bancshares's dividend payout ratio is 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 FGBI. Millennium Management LLC acquired a new position in First Guaranty Bancshares in the fourth quarter worth $172,000. Bridgeway Capital Management LLC lifted its position in First Guaranty Bancshares by 1.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 82,497 shares of the bank's stock worth $937,000 after buying an additional 1,242 shares in the last quarter. Citadel Advisors LLC lifted its position in First Guaranty Bancshares by 26.9% during the 4th quarter. Citadel Advisors LLC now owns 13,661 shares of the bank's stock worth $155,000 after buying an additional 2,894 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in First Guaranty Bancshares during the 4th quarter worth about $149,000. Finally, 683 Capital Management LLC acquired a new stake in First Guaranty Bancshares in the 4th quarter valued at about $296,000. 39.52% of the stock is owned by institutional investors and hedge funds.

First Guaranty Bancshares Company Profile

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.