First Guaranty Bancshares (NASDAQ:FGBI) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

First Guaranty Bancshares, Inc. (NASDAQ:FGBI)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $8.69 and traded as low as $8.08. First Guaranty Bancshares shares last traded at $8.81, with a volume of 20,820 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently commented on FGBI shares. Zacks Research raised shares of First Guaranty Bancshares from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of First Guaranty Bancshares in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

First Guaranty Bancshares Trading Up 8.5%

The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.88 and a current ratio of 0.88. The company has a 50-day simple moving average of $8.69 and a 200 day simple moving average of $7.37. The company has a market capitalization of $135.26 million, a P/E ratio of -2.27 and a beta of 0.31.

First Guaranty Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 27th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.5%. First Guaranty Bancshares’s payout ratio is -1.03%.

Institutional Trading of First Guaranty Bancshares

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

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.