Crispr Therapeutics shares tumble after significant earnings miss
First Guaranty Bancshares Inc (NASDAQ:FGBI) stock has experienced a notable downturn, touching a 52-week low of $8.34. This latest price level reflects a significant retreat from better-performing times, with the stock down nearly 14% in the past week alone. According to InvestingPro analysis, the stock’s RSI indicates oversold conditions, suggesting potential for a technical rebound. Over the past year, FGBI has seen its value decrease by 22.39%, indicating a challenging period for the financial institution. Despite the decline, the company maintains solid fundamentals with a P/E ratio of 10.49 and a 19-year track record of consistent dividend payments. InvestingPro analysis suggests the stock is currently undervalued, making it potentially attractive for value investors. The 52-week low serves as a critical point of reference for both potential buyers looking for a bargain entry and current shareholders considering their position in FGBI. Additional insights and metrics are available on InvestingPro.
In other recent news, First Guaranty Bancshares announced a quarterly cash dividend for holders of its depositary shares, each representing a 1/40th interest in its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The dividend is set at $0.421875 per depositary share, with eligibility for shareholders of record as of February 14, 2025, and payment on March 3, 2025. Additionally, the company declared a quarterly cash dividend of $0.01 per share for its common stock shareholders, scheduled for payment on December 31, 2024. This marks the 126th consecutive quarterly dividend for common shareholders, reflecting the company’s consistent commitment to shareholder returns.
Furthermore, First Guaranty Bancshares has appointed Bruce McAnally to its Board of Directors. Mr. McAnally, a registered pharmacist and independent pharmacy owner, brings significant leadership experience to the board. His appointment follows the acquisition of Synergy Bank in 2017 and is part of the company’s efforts to enhance its governance. These developments have been reported in compliance with regulatory requirements, ensuring transparency in First Guaranty Bancshares’ corporate practices.
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