First Guaranty Bancshares, Inc. (NASDAQ:FGBI – Get Rating) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 79,500 shares, an increase of 687.1% from the April 30th total of 10,100 shares. Based on an average daily volume of 17,800 shares, the short-interest ratio is presently 4.5 days. Currently, 1.4% of the company’s stock are short sold.
Separately, DA Davidson increased their target price on shares of First Guaranty Bancshares to $30.00 and gave the company a “na” rating in a research report on Monday, May 16th.
In other First Guaranty Bancshares news, Chairman Marshall T. Reynolds sold 1,390 shares of the stock in a transaction that occurred on Thursday, March 17th. The shares were sold at an average price of $22.16, for a total value of $30,802.40. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 42.70% of the company’s stock.
Shares of NASDAQ FGBI traded up $0.09 during mid-day trading on Wednesday, reaching $28.20. The company had a trading volume of 662 shares, compared to its average volume of 14,523. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24. The firm has a 50 day simple moving average of $24.90 and a two-hundred day simple moving average of $22.64. The stock has a market cap of $302.22 million, a P/E ratio of 10.79 and a beta of 0.38. First Guaranty Bancshares has a 52-week low of $16.48 and a 52-week high of $29.00.
First Guaranty Bancshares (NASDAQ:FGBI – Get Rating) last posted its earnings results on Thursday, April 28th. The bank reported $0.65 EPS for the quarter, beating 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 15.99%. On average, equities analysts expect that First Guaranty Bancshares will post 2.63 EPS for the current year.
About First Guaranty Bancshares (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.
- Get a free copy of the StockNews.com research report on First Guaranty Bancshares (FGBI)
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