First Guaranty Bancshares (NASDAQ:FGBI) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $10.45 and traded as high as $10.77. First Guaranty Bancshares shares last traded at $10.75, with a volume of 8,109 shares.

First Guaranty Bancshares Price Performance

The firm has a fifty day simple moving average of $10.46 and a 200 day simple moving average of $10.27. The company has a market capitalization of $134.18 million, a PE ratio of 12.77 and a beta of 0.30. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.00 and a current ratio of 1.00.

First Guaranty Bancshares (NASDAQ:FGBI) last announced its earnings results on Thursday, October 31st. The bank reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.10. The business had revenue of $27.10 million for the quarter, compared to analysts’ expectations of $24.13 million. First Guaranty Bancshares had a return on equity of 5.84% and a net margin of 5.53%. Equities analysts anticipate that First Guaranty Bancshares, Inc. will post 0.84 EPS for the current year.

First Guaranty Bancshares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were given a $0.08 dividend. The ex-dividend date was Friday, September 20th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.98%. First Guaranty Bancshares’s payout ratio is 38.10%.

Institutional Trading of First Guaranty Bancshares

A number of institutional investors have recently made changes to their positions in FGBI. Renaissance Technologies LLC purchased a new position in First Guaranty Bancshares in the 2nd quarter worth $138,000. Empowered Funds LLC raised its stake in First Guaranty Bancshares by 8.0% in the 1st quarter. Empowered Funds LLC now owns 37,585 shares of the bank’s stock worth $381,000 after acquiring an additional 2,800 shares during the last quarter. Vanguard Group Inc. raised its stake in First Guaranty Bancshares by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 272,035 shares of the bank’s stock worth $2,761,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Cullen Investment Group LTD. raised its stake in First Guaranty Bancshares by 1.8% in the 2nd quarter. Cullen Investment Group LTD. now owns 73,049 shares of the bank’s stock worth $657,000 after acquiring an additional 1,274 shares during the last quarter. Institutional investors and hedge funds own 39.52% of the company’s stock.

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.