Geode Capital Management LLC Purchases 5,070 Shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBI)

Geode Capital Management LLC lifted its position in First Guaranty Bancshares, Inc. (NASDAQ:FGBI) by 8.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,788 shares of the bank’s stock after purchasing an additional 5,070 shares during the quarter. Geode Capital Management LLC owned about 0.55% of First Guaranty Bancshares worth $733,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Empowered Funds LLC increased its stake in First Guaranty Bancshares by 5.2% during the third quarter. Empowered Funds LLC now owns 40,338 shares of the bank’s stock worth $430,000 after acquiring an additional 2,010 shares during the last quarter. Fourthstone LLC bought a new stake in First Guaranty Bancshares during the third quarter worth approximately $366,000. Finally, Renaissance Technologies LLC bought a new stake in First Guaranty Bancshares during the second quarter worth approximately $138,000. 39.52% of the stock is owned by institutional investors.

First Guaranty Bancshares Trading Down 2.4 %

Shares of NASDAQ FGBI opened at $10.47 on Friday. The business’s 50 day moving average is $12.23 and its two-hundred day moving average is $10.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.91 and a quick ratio of 0.91. First Guaranty Bancshares, Inc. has a 1-year low of $8.39 and a 1-year high of $15.25. The stock has a market capitalization of $130.93 million, a P/E ratio of 12.46 and a beta of 0.42.

First Guaranty Bancshares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 27th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.04 annualized dividend and a yield of 0.38%. First Guaranty Bancshares’s payout ratio is currently 4.76%.

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.