First Guaranty Bancshares (NASDAQ:FGBI) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.83 and traded as low as $9.23. First Guaranty Bancshares shares last traded at $9.31, with a volume of 26,283 shares traded.

Wall Street Analyst Weigh In

FGBI has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of First Guaranty Bancshares in a report on Tuesday, April 21st. Wall Street Zen upgraded First Guaranty Bancshares to a “hold” rating in a report on Saturday, June 27th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

First Guaranty Bancshares Stock Down 6.7%

The firm’s 50 day simple moving average is $9.83 and its 200-day simple moving average is $9.06. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $153.24 million, a price-to-earnings ratio of -2.91 and a beta of 0.43.

First Guaranty Bancshares (NASDAQ:FGBI) last announced its quarterly earnings data on Monday, April 27th. The bank reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.07. First Guaranty Bancshares had a negative net margin of 21.47% and a negative return on equity of 17.06%. The company had revenue of $22.90 million during the quarter, compared to the consensus estimate of $22.15 million. Equities analysts expect that First Guaranty Bancshares, Inc. will post 0.4 earnings per share for the current fiscal year.

First Guaranty Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 26th were paid a $0.01 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.04 annualized dividend and a yield of 0.4%. First Guaranty Bancshares’s payout ratio is -1.25%.

Insider Buying and Selling

In other First Guaranty Bancshares news, Director Bruce Mcanally bought 109,051 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was purchased at an average cost of $9.17 per share, for a total transaction of $999,997.67. Following the completion of the purchase, the director directly owned 441,587 shares of the company’s stock, valued at approximately $4,049,352.79. This trade represents a 32.79% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Edgar R. Smith III acquired 109,051 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average price of $9.17 per share, with a total value of $999,997.67. Following the completion of the transaction, the director owned 784,400 shares in the company, valued at $7,192,948. The trade was a 16.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 49.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On First Guaranty Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC increased its holdings in First Guaranty Bancshares by 1,288.4% in the first quarter. NewEdge Advisors LLC now owns 6,942 shares of the bank’s stock valued at $56,000 after purchasing an additional 6,442 shares during the period. Barclays PLC lifted its holdings in First Guaranty Bancshares by 135.6% during the 4th quarter. Barclays PLC now owns 11,478 shares of the bank’s stock worth $62,000 after buying an additional 6,606 shares during the period. Renaissance Technologies LLC grew 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 valued at $152,000 after buying an additional 10,641 shares during the last quarter. Empowered Funds LLC increased its stake in shares of First Guaranty Bancshares by 8.8% in the first quarter. Empowered Funds LLC now owns 46,048 shares of the bank’s stock valued at $355,000 after buying an additional 3,742 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of First Guaranty Bancshares by 11.1% in the first quarter. Acadian Asset Management LLC now owns 49,565 shares of the bank’s stock valued at $379,000 after buying an additional 4,956 shares during the period. Institutional investors own 39.52% of the company’s stock.

First Guaranty Bancshares Company Profile

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.