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 $8.69 and traded as low as $8.08. First Guaranty Bancshares shares last traded at $8.81, with a volume of 20,820 shares traded.
Analyst Ratings Changes
A number of equities analysts have recently commented on FGBI shares. Zacks Research raised shares of First Guaranty Bancshares from a "strong sell" rating to a "hold" rating in a research report on Monday, December 8th. Weiss Ratings reiterated a "sell (d)" rating on shares of First Guaranty Bancshares in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Reduce".
Get Our Latest Stock Report on First Guaranty Bancshares
First Guaranty Bancshares Trading Up 8.5%
The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.88 and a current ratio of 0.88. The company has a 50-day simple moving average of $8.69 and a 200 day simple moving average of $7.37. The company has a market capitalization of $135.26 million, a P/E ratio of -2.27 and a beta of 0.31.
First Guaranty Bancshares Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 27th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.5%. First Guaranty Bancshares's payout ratio is -1.03%.
Institutional Trading of First Guaranty Bancshares
A number of hedge funds have recently bought and sold shares of FGBI. Acadian Asset Management LLC grew its position in First Guaranty Bancshares by 11.1% during the first quarter. Acadian Asset Management LLC now owns 49,565 shares of the bank's stock worth $379,000 after buying an additional 4,956 shares in the last quarter. Empowered Funds LLC raised its holdings in First Guaranty Bancshares by 8.8% in the 1st quarter. Empowered Funds LLC now owns 46,048 shares of the bank's stock valued at $355,000 after acquiring an additional 3,742 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of First Guaranty Bancshares by 60.1% in the 4th quarter. Renaissance Technologies LLC now owns 28,347 shares of the bank's stock worth $152,000 after acquiring an additional 10,641 shares during the period. Finally, Barclays PLC lifted its position in shares of First Guaranty Bancshares by 135.6% in the 4th quarter. Barclays PLC now owns 11,478 shares of the bank's stock worth $62,000 after acquiring an additional 6,606 shares during the period. 39.52% of the stock is owned by institutional investors.
First Guaranty Bancshares Company Profile
(
Get Free Report)
First Guaranty Bancshares, Inc is a financial holding company headquartered in Hammond, Louisiana. Through its principal subsidiary, First Guaranty Bank, the company provides a diversified range of commercial and retail banking services. Founded in 1932, First Guaranty Bancshares has grown from a community mutual bank into a publicly traded institution listed on the Nasdaq under the ticker FGBI.
The company's core business activities encompass traditional deposit products and lending solutions.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider First Guaranty Bancshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Guaranty Bancshares wasn't on the list.
While First Guaranty Bancshares currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply click the link below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
