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

Shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $8.88 and traded as low as $8.80. First Guaranty Bancshares shares last traded at $8.98, with a volume of 13,788 shares.

Wall Street Analyst Weigh In

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

First Guaranty Bancshares Stock Up 1.4%

The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.92. The stock has a market cap of $115.75 million, a P/E ratio of 69.08 and a beta of 0.40. The company's 50 day moving average price is $8.88 and its two-hundred day moving average price is $9.22.

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

First Guaranty Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Monday, June 23rd. First Guaranty Bancshares's dividend payout ratio (DPR) is presently 30.77%.

Insiders Place Their Bets

In other First Guaranty Bancshares news, Director Marshall T. Reynolds acquired 30,865 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were bought at an average cost of $8.10 per share, with a total value of $250,006.50. Following the completion of the acquisition, the director directly owned 1,916,468 shares in the company, valued at $15,523,390.80. This represents a 1.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edgar R. Smith III acquired 6,725 shares of First Guaranty Bancshares stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average cost of $9.66 per share, with a total value of $64,963.50. Following the purchase, the director directly owned 19,407 shares of the company's stock, valued at $187,471.62. This represents a 53.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 40,590 shares of company stock worth $342,330 in the last three months. Corporate insiders own 47.20% of the company's stock.

Institutional Trading of First Guaranty Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of FGBI. Arkadios Wealth Advisors lifted its stake in shares of First Guaranty Bancshares by 14.0% during the 1st quarter. Arkadios Wealth Advisors now owns 12,236 shares of the bank's stock worth $94,000 after purchasing an additional 1,502 shares during the last quarter. Ameriprise Financial Inc. bought a new position in First Guaranty Bancshares in the fourth quarter worth about $149,000. Citadel Advisors LLC lifted its position in shares of First Guaranty Bancshares by 26.9% during the fourth 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 during the last quarter. Millennium Management LLC bought a new stake in shares of First Guaranty Bancshares in the 4th quarter valued at about $172,000. Finally, 683 Capital Management LLC purchased a new position in shares of First Guaranty Bancshares in the 4th quarter worth approximately $296,000. 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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