Empowered Funds LLC Has $430,000 Stock Position in First Guaranty Bancshares, Inc. (NASDAQ:FGBI)

Empowered Funds LLC increased its holdings in shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBI) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,338 shares of the bank’s stock after buying an additional 2,010 shares during the quarter. Empowered Funds LLC’s holdings in First Guaranty Bancshares were worth $430,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new position in shares of First Guaranty Bancshares during the second quarter worth $138,000. Vanguard Group Inc. raised its holdings in First Guaranty Bancshares by 0.8% during the first quarter. Vanguard Group Inc. now owns 272,035 shares of the bank’s stock worth $2,761,000 after buying an additional 2,200 shares during the last quarter. Finally, Cullen Investment Group LTD. raised its position in First Guaranty Bancshares by 1.8% in the 2nd quarter. Cullen Investment Group LTD. now owns 73,049 shares of the bank’s stock valued at $657,000 after buying an additional 1,274 shares during the last quarter. Institutional investors and hedge funds own 39.52% of the company’s stock.

First Guaranty Bancshares Price Performance

First Guaranty Bancshares stock opened at $13.48 on Monday. 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 has a market cap of $168.63 million, a P/E ratio of 16.05 and a beta of 0.30. First Guaranty Bancshares, Inc. has a 52 week low of $8.39 and a 52 week high of $13.49. The company’s 50 day moving average price is $10.87 and its two-hundred day moving average price is $10.40.

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.