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


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First Guaranty Bancshares, Inc. (NASDAQ:FGBI) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 73,200 shares, a growth of 25.3% from the March 31st total of 58,400 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

A number of research analysts recently weighed in on the company. Zacks Investment Research upgraded First Guaranty Bancshares from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Monday, February 22nd. DA Davidson reiterated a “neutral” rating on shares of First Guaranty Bancshares in a report on Tuesday, April 27th.

Several institutional investors and hedge funds have recently modified their holdings of the business. Community Trust & Investment Co. acquired a new position in shares of First Guaranty Bancshares during the first quarter worth about $283,000. JPMorgan Chase & Co. increased its position in shares of First Guaranty Bancshares by 221.6% during the fourth quarter. JPMorgan Chase & Co. now owns 12,669 shares of the bank’s stock worth $225,000 after acquiring an additional 8,730 shares during the last quarter. Mcdonald Partners LLC purchased a new stake in shares of First Guaranty Bancshares during the fourth quarter worth about $430,000. Finally, BlackRock Inc. increased its position in shares of First Guaranty Bancshares by 6.4% during the fourth quarter. BlackRock Inc. now owns 265,865 shares of the bank’s stock worth $4,723,000 after acquiring an additional 15,961 shares during the last quarter. Institutional investors own 10.63% of the company’s stock.

Shares of FGBI traded up $0.06 during midday trading on Tuesday, reaching $17.28. 11,821 shares of the company were exchanged, compared to its average volume of 10,767. The stock has a 50-day moving average price of $17.88 and a 200-day moving average price of $17.05. The company has a market cap of $168.32 million, a price-to-earnings ratio of 9.21 and a beta of 0.49. First Guaranty Bancshares has a 1-year low of $11.31 and a 1-year high of $21.29. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35.

First Guaranty Bancshares (NASDAQ:FGBI) last issued its quarterly earnings data on Sunday, April 25th. The bank reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.10. First Guaranty Bancshares had a return on equity of 10.43% and a net margin of 16.35%. Equities research analysts anticipate that First Guaranty Bancshares will post 1.66 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Monday, March 22nd were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Friday, March 19th. First Guaranty Bancshares’s dividend payout ratio is presently 43.54%.

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.

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