First Guaranty Bancshares (NASDAQ:FGBI) Director Robert Walker Purchases 3,593 Shares

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Robert Walker purchased 3,593 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was bought at an average price of $19.12 per share, with a total value of $68,698.16. Following the completion of the purchase, the director owned 5,202 shares of the company’s stock, valued at $99,462.24. This trade represents a 223.31% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

First Guaranty Bancshares Price Performance

Shares of NASDAQ FGBI opened at $9.10 on Friday. The business has a fifty day moving average price of $9.68 and a two-hundred day moving average price of $9.32. The stock has a market capitalization of $150.51 million, a PE ratio of -3.76 and a beta of 0.44. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.73 and a quick ratio of 0.75. First Guaranty Bancshares, Inc. has a fifty-two week low of $4.31 and a fifty-two week high of $11.02.

First Guaranty Bancshares (NASDAQ:FGBI) last posted its quarterly earnings results on Monday, July 27th. The bank reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.08. The business had revenue of $24.18 million during the quarter, compared to the consensus estimate of $21.66 million. First Guaranty Bancshares had a negative return on equity of 12.25% and a negative net margin of 16.83%. As a group, equities analysts predict that First Guaranty Bancshares, Inc. will post 0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Guaranty Bancshares

Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in First Guaranty Bancshares by 60.1% during the fourth quarter. Renaissance Technologies LLC now owns 28,347 shares of the bank’s stock valued at $152,000 after purchasing an additional 10,641 shares during the last quarter. Barclays PLC boosted its stake in First Guaranty Bancshares by 135.6% in the 4th quarter. Barclays PLC now owns 11,478 shares of the bank’s stock worth $62,000 after purchasing an additional 6,606 shares during the period. NewEdge Advisors LLC grew its stake in First Guaranty Bancshares by 1,288.4% during the first quarter. NewEdge Advisors LLC now owns 6,942 shares of the bank’s stock valued at $56,000 after acquiring an additional 6,442 shares in the last quarter. Acadian Asset Management LLC lifted its stake in First Guaranty Bancshares by 11.1% in the 1st quarter. Acadian Asset Management LLC now owns 49,565 shares of the bank’s stock worth $379,000 after purchasing an additional 4,956 shares in the last quarter. Finally, Empowered Funds LLC grew its position in First Guaranty Bancshares by 8.8% during the first quarter. Empowered Funds LLC now owns 46,048 shares of the bank’s stock worth $355,000 after buying an additional 3,742 shares in the last quarter. Institutional investors own 39.52% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on FGBI. Wall Street Zen raised shares of First Guaranty Bancshares to a “hold” rating in a report on Saturday, June 27th. Weiss Ratings cut shares of First Guaranty Bancshares from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

First Guaranty Bancshares Company Profile

First Guaranty Bancshares, Inc is a financial holding company headquartered in Hammond, Louisiana. Through its principal subsidiary, First Guaranty Bank, the company provides a diversified range of commercial and retail banking services. Founded in 1932, First Guaranty Bancshares has grown from a community mutual bank into a publicly traded institution listed on the Nasdaq under the ticker FGBI.

The company’s core business activities encompass traditional deposit products and lending solutions.