Empowered Funds LLC raised its holdings in First Guaranty Bancshares, Inc. (NASDAQ:FGBI – Free Report) by 5.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,338 shares of the bank’s stock after buying an additional 2,010 shares during the quarter. Empowered Funds LLC owned 0.32% of First Guaranty Bancshares worth $430,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in FGBI. Renaissance Technologies LLC bought a new stake in shares of First Guaranty Bancshares in the second quarter valued at approximately $138,000. Cullen Investment Group LTD. boosted its holdings in First Guaranty Bancshares by 1.8% in the 2nd quarter. Cullen Investment Group LTD. now owns 73,049 shares of the bank’s stock valued at $657,000 after purchasing an additional 1,274 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in First Guaranty Bancshares by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 272,035 shares of the bank’s stock valued at $2,761,000 after purchasing an additional 2,200 shares during the period. 39.52% of the stock is owned by institutional investors.
First Guaranty Bancshares Price Performance
Shares of FGBI stock opened at $13.48 on Monday. The stock has a 50 day moving average of $10.87 and a two-hundred day moving average of $10.40. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $168.63 million, a P/E ratio of 16.05 and a beta of 0.30. First Guaranty Bancshares, Inc. has a 12 month low of $8.39 and a 12 month high of $13.49.
First Guaranty Bancshares 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.
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