First Guaranty Bancshares (NASDAQ:FGBI) Shares Pass Below 50-Day Moving Average – What’s Next?

First Guaranty Bancshares, Inc. (NASDAQ:FGBI)’s share price 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 business’s 50-day moving average price is $9.06 and its 200 day moving average price is $10.60. The company has a market capitalization of $95.79 million, a P/E ratio of 9.46 and a beta of 0.42. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.91.

First Guaranty Bancshares (NASDAQ:FGBI) 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 net margin of 5.04% and a return on equity of 5.62%. Analysts anticipate that First Guaranty Bancshares, Inc. will post 0.89 EPS for the current fiscal year.

First Guaranty Bancshares Dividend Announcement

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

Institutional Trading of First Guaranty Bancshares

Large investors have recently modified their holdings of the business. Bridgeway Capital Management LLC raised its stake in 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 purchasing an additional 1,242 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of 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 buying an additional 1,968 shares during the last quarter. Citadel Advisors LLC raised its position in shares of First Guaranty Bancshares by 26.9% during the 4th quarter. Citadel Advisors LLC now owns 13,661 shares of the bank’s stock valued at $155,000 after buying an additional 2,894 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 5,070 shares during the last quarter. Finally, Northern Trust Corp grew its position in First Guaranty Bancshares by 48.8% in the fourth quarter. Northern Trust Corp now owns 26,780 shares of the bank’s stock worth $304,000 after acquiring an additional 8,780 shares in the last quarter. Institutional investors own 39.52% of the company’s stock.

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.