First Guaranty Bancshares (NASDAQ:FGBI) Share Price Crosses Below 50 Day Moving Average – What’s Next?

First Guaranty Bancshares, Inc. (NASDAQ:FGBI)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.50 and traded as low as $8.50. First Guaranty Bancshares shares last traded at $8.52, with a volume of 3,210 shares.

First Guaranty Bancshares Price Performance

The company has a market cap of $106.79 million, a P/E ratio of 10.54 and a beta of 0.40. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.91 and a current ratio of 0.91. The firm’s fifty day moving average is $10.43 and its two-hundred day moving average is $10.98.

First Guaranty Bancshares (NASDAQ:FGBI) last issued its earnings results on Monday, February 3rd. The bank reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.13). First Guaranty Bancshares had a return on equity of 5.62% and a net margin of 5.04%. As a group, analysts anticipate that First Guaranty Bancshares, Inc. will post 0.89 earnings per share for the current fiscal year.

First Guaranty Bancshares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 27th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Friday, December 27th. First Guaranty Bancshares’s payout ratio is currently 4.94%.

Institutional Trading of First Guaranty Bancshares

Several hedge funds have recently bought and sold shares of FGBI. Empowered Funds LLC lifted its stake in First Guaranty Bancshares by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 40,338 shares of the bank’s stock worth $430,000 after purchasing an additional 2,010 shares in the last quarter. Fourthstone LLC purchased a new stake in First Guaranty Bancshares in the 3rd quarter worth $366,000. Geode Capital Management LLC lifted its stake in First Guaranty Bancshares by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 68,788 shares of the bank’s stock worth $733,000 after purchasing an additional 5,070 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in First Guaranty Bancshares in the 4th quarter worth $122,000. Finally, LPL Financial LLC purchased a new stake in First Guaranty Bancshares in the 4th quarter worth $400,000. 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.