First Guaranty Bancshares (NASDAQ:FGBI) Share Price Passes Below 50-Day Moving Average - Should You Sell?

First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report)'s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.13 and traded as low as $8.01. First Guaranty Bancshares shares last traded at $8.08, with a volume of 46,751 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen cut First Guaranty Bancshares from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th.

First Guaranty Bancshares Stock Performance

The company has a market cap of $104.15 million, a PE ratio of 62.16 and a beta of 0.43. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.92 and a quick ratio of 0.92. The business has a 50-day moving average of $9.13 and a 200 day moving average of $9.57.

First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The bank reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.71). The firm had revenue of $56.82 million for the quarter, compared to analysts' expectations of $27.90 million. First Guaranty Bancshares had a net margin of 1.59% and a return on equity of 1.78%. Equities research analysts anticipate that First Guaranty Bancshares, Inc. will post 0.89 EPS for the current fiscal year.

First Guaranty Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 23rd will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Monday, June 23rd. First Guaranty Bancshares's payout ratio is 30.77%.

Insiders Place Their Bets

In related news, Director Edgar R. Smith III purchased 6,725 shares of First Guaranty Bancshares stock in a transaction on Monday, May 12th. The stock was acquired at an average price of $9.66 per share, for a total transaction of $64,963.50. Following the completion of the transaction, the director now directly owns 19,407 shares in the company, valued at $187,471.62. This represents a 53.03% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bruce Mcanally purchased 24,615 shares of First Guaranty Bancshares stock in a transaction on Monday, March 31st. The stock was bought at an average price of $8.47 per share, with a total value of $208,489.05. Following the transaction, the director now owns 145,839 shares of the company's stock, valued at approximately $1,235,256.33. This represents a 20.31% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 132,900 shares of company stock worth $1,135,616 over the last quarter. 47.20% of the stock is currently owned by corporate insiders.

Institutional Trading of First Guaranty Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of FGBI. Arkadios Wealth Advisors increased its position in First Guaranty Bancshares by 14.0% in the first quarter. Arkadios Wealth Advisors now owns 12,236 shares of the bank's stock worth $94,000 after buying an additional 1,502 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of First Guaranty Bancshares in the fourth quarter worth about $149,000. Citadel Advisors LLC boosted its stake in shares of First Guaranty Bancshares by 26.9% in the fourth quarter. Citadel Advisors LLC now owns 13,661 shares of the bank's stock worth $155,000 after acquiring an additional 2,894 shares during the period. Millennium Management LLC bought a new position in shares of First Guaranty Bancshares in the fourth quarter worth about $172,000. Finally, 683 Capital Management LLC bought a new position in shares of First Guaranty Bancshares in the fourth quarter worth about $296,000. Hedge funds and other 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.

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