First Guaranty Bancshares (NASDAQ:FGBI) Share Price Passes Above 50 Day Moving Average of $10.36

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.36 and traded as high as $10.50. First Guaranty Bancshares shares last traded at $10.34, with a volume of 12,218 shares trading hands.

First Guaranty Bancshares Trading Down 0.2 %

The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $133.43 million, a PE ratio of 21.78 and a beta of 0.30. The stock has a 50 day moving average price of $10.40 and a 200-day moving average price of $10.23.

First Guaranty Bancshares (NASDAQ:FGBI) last announced its earnings results on Tuesday, July 23rd. The bank reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.33. First Guaranty Bancshares had a return on equity of 5.84% and a net margin of 5.53%. The business had revenue of $36.77 million for the quarter, compared to analysts’ expectations of $24.86 million. Sell-side analysts expect that First Guaranty Bancshares, Inc. will post 0.85 earnings per share for the current year.

First Guaranty Bancshares Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, September 20th. This represents a $0.32 annualized dividend and a yield of 3.00%. First Guaranty Bancshares’s dividend payout ratio (DPR) is 65.31%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC purchased a new stake in shares of First Guaranty Bancshares in the 2nd quarter worth $138,000. Empowered Funds LLC increased its position in First Guaranty Bancshares by 8.0% in the first quarter. Empowered Funds LLC now owns 37,585 shares of the bank’s stock worth $381,000 after buying an additional 2,800 shares in the last quarter. Cullen Investment Group LTD. raised its stake in shares of First Guaranty Bancshares by 1.8% in the second quarter. Cullen Investment Group LTD. now owns 73,049 shares of the bank’s stock worth $657,000 after buying an additional 1,274 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of First Guaranty Bancshares by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 272,035 shares of the bank’s stock valued at $2,761,000 after buying an additional 2,200 shares in the last quarter. 39.52% of the stock is currently owned by institutional investors.

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.