First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Short Interest Update

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 12,700 shares, an increase of 9.5% from the December 31st total of 11,600 shares. Based on an average daily volume of 11,400 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On First Guaranty Bancshares

A number of institutional investors have recently bought and sold shares of the business. Fourthstone LLC acquired a new stake in shares of First Guaranty Bancshares in the third quarter valued at approximately $366,000. Renaissance Technologies LLC acquired a new stake in First Guaranty Bancshares during the 2nd quarter valued at $138,000. Arkadios Wealth Advisors bought a new position in First Guaranty Bancshares during the fourth quarter worth $122,000. Geode Capital Management LLC increased its holdings in shares of First Guaranty Bancshares by 8.0% in the third quarter. Geode Capital Management LLC now owns 68,788 shares of the bank’s stock valued at $733,000 after purchasing an additional 5,070 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of First Guaranty Bancshares by 5.2% in the third quarter. Empowered Funds LLC now owns 40,338 shares of the bank’s stock valued at $430,000 after purchasing an additional 2,010 shares during the period. Institutional investors and hedge funds own 39.52% of the company’s stock.

First Guaranty Bancshares Stock Up 0.2 %

NASDAQ:FGBI opened at $10.30 on Tuesday. First Guaranty Bancshares has a twelve month low of $8.39 and a twelve month high of $15.25. The firm has a market capitalization of $128.85 million, a price-to-earnings ratio of 12.72 and a beta of 0.40. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.91. The stock’s 50 day moving average price is $11.80 and its two-hundred day moving average price is $11.06.

First Guaranty Bancshares (NASDAQ:FGBI) last posted its quarterly earnings results on Monday, February 3rd. The bank reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.13). First Guaranty Bancshares had a return on equity of 5.62% and a net margin of 5.04%. Equities research analysts expect that First Guaranty Bancshares will post 1.31 earnings per share for the current fiscal year.

First Guaranty Bancshares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 27th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.04 annualized dividend and a yield of 0.39%. First Guaranty Bancshares’s dividend payout ratio (DPR) is currently 4.94%.

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.