First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Short Interest Down 32.2% in April

First Guaranty Bancshares, Inc. (NASDAQ:FGBIGet Rating) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 10,100 shares, a decline of 32.2% from the April 15th total of 14,900 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 11,700 shares, the days-to-cover ratio is currently 0.9 days.

NASDAQ:FGBI traded up $0.26 during trading on Friday, reaching $28.75. The company’s stock had a trading volume of 34,995 shares, compared to its average volume of 27,981. First Guaranty Bancshares has a 12 month low of $16.45 and a 12 month high of $28.75. The firm has a market cap of $308.20 million, a price-to-earnings ratio of 11.04 and a beta of 0.38. The firm has a 50 day moving average of $23.99 and a 200-day moving average of $22.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.92 and a current ratio of 0.92.

First Guaranty Bancshares (NASDAQ:FGBIGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The bank reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. First Guaranty Bancshares had a net margin of 23.43% and a return on equity of 16.05%. Equities research analysts forecast that First Guaranty Bancshares will post 2.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Monday, March 21st were paid a dividend of $0.16 per share. The ex-dividend date was Friday, March 18th. This represents a $0.64 annualized dividend and a dividend yield of 2.23%. First Guaranty Bancshares’s payout ratio is currently 24.57%.

In related news, Chairman Marshall T. Reynolds sold 1,390 shares of the stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $22.16, for a total transaction of $30,802.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 42.70% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of FGBI. Morgan Stanley increased its position in First Guaranty Bancshares by 48.8% in the first quarter. Morgan Stanley now owns 3,917 shares of the bank’s stock worth $70,000 after buying an additional 1,284 shares during the last quarter. Royal Bank of Canada grew its stake in shares of First Guaranty Bancshares by 1,501.0% during the 2nd quarter. Royal Bank of Canada now owns 1,537 shares of the bank’s stock worth $30,000 after acquiring an additional 1,441 shares during the period. Geode Capital Management LLC raised its stake in First Guaranty Bancshares by 25.2% in the 3rd quarter. Geode Capital Management LLC now owns 18,261 shares of the bank’s stock valued at $366,000 after acquiring an additional 3,680 shares during the period. Beam Wealth Advisors Inc. lifted its holdings in First Guaranty Bancshares by 10.0% during the fourth quarter. Beam Wealth Advisors Inc. now owns 27,500 shares of the bank’s stock valued at $560,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in First Guaranty Bancshares during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 7.33% of the company’s stock.

First Guaranty Bancshares Company Profile (Get Rating)

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.

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