First Guaranty Bancshares (NASDAQ:FGBI) Stock Crosses Below 50-Day Moving Average of $11.32

Shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.32 and traded as low as $10.15. First Guaranty Bancshares shares last traded at $10.15, with a volume of 4,477 shares.

First Guaranty Bancshares Stock Performance

The firm has a market capitalization of $126.98 million, a P/E ratio of 16.37 and a beta of 0.43. The stock has a fifty day simple moving average of $11.29 and a two-hundred day simple moving average of $10.93. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.98 and a quick ratio of 0.98.

First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) last issued its earnings results on Monday, February 5th. The bank reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.03). The business had revenue of $23.62 million during the quarter, compared to the consensus estimate of $23.02 million. First Guaranty Bancshares had a return on equity of 4.19% and a net margin of 4.46%. On average, research analysts predict that First Guaranty Bancshares, Inc. will post 0.67 EPS for the current year.

First Guaranty Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 22nd will be issued a $0.16 dividend. The ex-dividend date is Thursday, March 21st. This represents a $0.64 dividend on an annualized basis and a yield of 6.31%. First Guaranty Bancshares's payout ratio is currently 103.23%.

Institutional Investors Weigh In On First Guaranty Bancshares

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada bought a new stake in shares of First Guaranty Bancshares during the first quarter valued at approximately $32,000. BNP Paribas Arbitrage SA bought a new stake in shares of First Guaranty Bancshares during the second quarter valued at approximately $34,000. Barclays PLC increased its holdings in shares of First Guaranty Bancshares by 377.7% during the fourth quarter. Barclays PLC now owns 1,629 shares of the bank's stock valued at $38,000 after acquiring an additional 1,288 shares in the last quarter. BNP Paribas Arbitrage SNC increased its holdings in shares of First Guaranty Bancshares by 46.3% during the third quarter. BNP Paribas Arbitrage SNC now owns 2,073 shares of the bank's stock valued at $45,000 after acquiring an additional 656 shares in the last quarter. Finally, LSV Asset Management bought a new stake in shares of First Guaranty Bancshares during the first quarter valued at approximately $56,000. 39.52% of the stock is currently owned by institutional investors.

About First Guaranty Bancshares

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.