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

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 25,900 shares, a decline of 9.4% from the August 30th total of 28,600 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 7,000 shares, the short-interest ratio is presently 3.7 days.

Separately, ValuEngine raised shares of First Guaranty Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, September 16th.

Shares of FGBI traded up $0.45 during trading hours on Tuesday, reaching $21.75. 1,675 shares of the company traded hands, compared to its average volume of 5,691. The company’s fifty day moving average price is $20.41 and its two-hundred day moving average price is $20.89. The company has a market capitalization of $191.55 million, a price-to-earnings ratio of 15.25 and a beta of 0.45. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.21. First Guaranty Bancshares has a 12 month low of $18.00 and a 12 month high of $24.23.

First Guaranty Bancshares (NASDAQ:FGBI) last announced its earnings results on Friday, August 9th. The bank reported $0.36 earnings per share for the quarter. The firm had revenue of $17.35 million for the quarter. First Guaranty Bancshares had a net margin of 13.57% and a return on equity of 8.19%.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.94%. The ex-dividend date was Thursday, September 19th.

Large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its stake in First Guaranty Bancshares by 403.6% during the second quarter. Acadian Asset Management LLC now owns 3,374 shares of the bank’s stock worth $70,000 after acquiring an additional 2,704 shares in the last quarter. Renaissance Technologies LLC boosted its stake in First Guaranty Bancshares by 22.5% during the second quarter. Renaissance Technologies LLC now owns 28,550 shares of the bank’s stock worth $595,000 after acquiring an additional 5,240 shares in the last quarter. SG Americas Securities LLC boosted its stake in First Guaranty Bancshares by 10.2% during the second quarter. SG Americas Securities LLC now owns 5,978 shares of the bank’s stock worth $125,000 after acquiring an additional 554 shares in the last quarter. BlackRock Inc. boosted its stake in First Guaranty Bancshares by 1.6% during the second quarter. BlackRock Inc. now owns 228,405 shares of the bank’s stock worth $4,761,000 after acquiring an additional 3,608 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in First Guaranty Bancshares by 4.1% during the second quarter. Northern Trust Corp now owns 47,517 shares of the bank’s stock worth $991,000 after acquiring an additional 1,891 shares in the last quarter. 11.14% of the stock is currently owned by institutional investors and hedge funds.

About First Guaranty Bancshares

First Guaranty Bancshares, Inc operates as the holding company for First Guaranty Bank that provides commercial banking services to businesses, professionals, and individuals 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.

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