Shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.45 and traded as high as $10.77. First Guaranty Bancshares shares last traded at $10.75, with a volume of 8,109 shares trading hands.
First Guaranty Bancshares Stock Down 0.2 %
The firm's 50-day simple moving average is $10.45 and its 200 day simple moving average is $10.26. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $134.18 million, a P/E ratio of 12.61 and a beta of 0.30.
First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) last released its earnings results on Thursday, October 31st. The bank reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.10. The business had revenue of $27.10 million for the quarter, compared to analyst estimates of $24.13 million. First Guaranty Bancshares had a return on equity of 5.84% and a net margin of 5.53%. As a group, research analysts expect that First Guaranty Bancshares, Inc. will post 0.84 EPS for the current year.
First Guaranty Bancshares Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Friday, September 20th. First Guaranty Bancshares's payout ratio is presently 38.10%.
Hedge Funds Weigh In On First Guaranty Bancshares
A number of institutional investors have recently added to or reduced their stakes in FGBI. Cullen Investment Group LTD. raised its stake in First Guaranty Bancshares by 1.8% in the second quarter. Cullen Investment Group LTD. now owns 73,049 shares of the bank's stock valued at $657,000 after buying an additional 1,274 shares during the period. Vanguard Group Inc. raised its stake in First Guaranty Bancshares by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 272,035 shares of the bank's stock valued at $2,761,000 after acquiring an additional 2,200 shares during the period. Empowered Funds LLC lifted its holdings in First Guaranty Bancshares by 8.0% during the 1st quarter. Empowered Funds LLC now owns 37,585 shares of the bank's stock valued at $381,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in First Guaranty Bancshares during the second quarter worth $138,000. 39.52% of the stock is currently owned by institutional investors and hedge funds.
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.
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