Cullen Investment Group LTD. Has $730,000 Stock Position in First Guaranty Bancshares, Inc. (NASDAQ:FGBI)

Cullen Investment Group LTD. increased its position in shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBI) by 1.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,775 shares of the bank’s stock after purchasing an additional 1,082 shares during the quarter. Cullen Investment Group LTD. owned approximately 0.57% of First Guaranty Bancshares worth $730,000 at the end of the most recent quarter.

First Guaranty Bancshares Trading Down 1.2 %

Shares of First Guaranty Bancshares stock opened at $9.25 on Thursday. The stock has a market capitalization of $115.72 million, a P/E ratio of 18.88 and a beta of 0.34. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.03. The company has a 50-day simple moving average of $10.51 and a 200 day simple moving average of $10.94. First Guaranty Bancshares, Inc. has a 12-month low of $9.24 and a 12-month high of $14.03.

First Guaranty Bancshares (NASDAQ:FGBI) last announced its earnings results on Friday, May 10th. The bank reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $24.23 million during the quarter, compared to analysts’ expectations of $23.72 million. First Guaranty Bancshares had a net margin of 3.94% and a return on equity of 3.81%. Research analysts expect that First Guaranty Bancshares, Inc. will post 0.85 earnings per share for the current fiscal year.

First Guaranty Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 25th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date of this dividend is Tuesday, June 25th. First Guaranty Bancshares’s dividend payout ratio (DPR) is currently 130.61%.

About First Guaranty Bancshares

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.