Kennedy Capital Management Inc. lifted its holdings in First Guaranty Bancshares, Inc. (NASDAQ:FGBI) by 98.0% during the 4th quarter, HoldingsChannel reports. The fund owned 148,159 shares of the bank’s stock after acquiring an additional 73,341 shares during the quarter. Kennedy Capital Management Inc.’s holdings in First Guaranty Bancshares were worth $3,704,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in FGBI. Teachers Advisors LLC acquired a new position in shares of First Guaranty Bancshares in the second quarter valued at about $207,000. TIAA CREF Investment Management LLC acquired a new position in shares of First Guaranty Bancshares in the second quarter valued at about $284,000. New York State Common Retirement Fund acquired a new position in shares of First Guaranty Bancshares in the second quarter valued at about $114,000. Northern Trust Corp acquired a new position in shares of First Guaranty Bancshares in the second quarter valued at about $919,000. Finally, Vanguard Group Inc. grew its stake in shares of First Guaranty Bancshares by 142.5% in the second quarter. Vanguard Group Inc. now owns 78,681 shares of the bank’s stock valued at $2,143,000 after acquiring an additional 46,235 shares in the last quarter. Institutional investors and hedge funds own 13.33% of the company’s stock.
Several equities analysts recently commented on FGBI shares. ValuEngine downgraded shares of First Guaranty Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub upgraded shares of First Guaranty Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Sandler O’Neill set a $27.00 price objective on shares of First Guaranty Bancshares and gave the stock a “hold” rating in a research note on Friday, February 9th.
Shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBI) opened at $25.97 on Tuesday. The stock has a market cap of $221.85, a PE ratio of 17.21 and a beta of 0.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.75 and a current ratio of 0.75. First Guaranty Bancshares, Inc. has a one year low of $22.12 and a one year high of $29.95.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Tuesday, March 20th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, March 19th. This represents a $0.64 dividend on an annualized basis and a yield of 2.46%. First Guaranty Bancshares’s payout ratio is 43.73%.
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About First Guaranty Bancshares
First Guaranty Bancshares, Inc is a bank holding company. The Company operates through its owned subsidiary, First Guaranty Bank (the Bank). The Bank offers personalized commercial banking services to Louisiana customers, through approximately 20 banking facilities located in the Market Services Areas (MSAs).
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