First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in First Guaranty Bancshares, Inc. (NASDAQ:FGBI) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 272,035 shares of the bank’s stock after buying an additional 2,200 shares during the period. Vanguard Group Inc. owned 2.18% of First Guaranty Bancshares worth $2,761,000 as of its most recent SEC filing.

Separately, Cullen Investment Group LTD. increased its holdings in shares of First Guaranty Bancshares by 1.5% during the first quarter. Cullen Investment Group LTD. now owns 71,775 shares of the bank’s stock valued at $730,000 after purchasing an additional 1,082 shares during the period. Hedge funds and other institutional investors own 39.52% of the company’s stock.

First Guaranty Bancshares Price Performance

Shares of FGBI opened at $10.64 on Tuesday. The firm has a market capitalization of $133.05 million, a price-to-earnings ratio of 21.71 and a beta of 0.32. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.00 and a current ratio of 1.00. First Guaranty Bancshares, Inc. has a one year low of $8.39 and a one year high of $13.32. The stock’s fifty day moving average is $9.70 and its 200-day moving average is $10.40.

First Guaranty Bancshares (NASDAQ:FGBI) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.33. First Guaranty Bancshares had a return on equity of 5.90% and a net margin of 5.53%. The company had revenue of $36.77 million for the quarter, compared to analyst estimates of $24.86 million. Equities analysts anticipate that First Guaranty Bancshares, Inc. will post 0.85 EPS for the current year.

First Guaranty Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 25th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, June 25th. This represents a $0.64 annualized dividend and a yield of 6.02%. First Guaranty Bancshares’s dividend payout ratio is currently 130.61%.

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.