First Guaranty Bancshares (NASDAQ:FGBI) Director Buys $92,735.00 in Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Robert Walker acquired 8,500 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average price of $10.91 per share, with a total value of $92,735.00. Following the completion of the transaction, the director owned 62,621 shares of the company’s stock, valued at approximately $683,195.11. This trade represents a 15.71% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

First Guaranty Bancshares Stock Performance

First Guaranty Bancshares stock opened at $7.95 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.96. First Guaranty Bancshares, Inc. has a 1 year low of $4.31 and a 1 year high of $11.02. The company has a market cap of $131.49 million, a PE ratio of -3.29 and a beta of 0.42. The company’s 50-day moving average is $9.05 and its two-hundred day moving average is $9.23.

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

First Guaranty Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 25th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, September 25th. First Guaranty Bancshares’s payout ratio is currently -1.65%.

Wall Street Analysts Forecast Growth

FGBI has been the topic of a number of analyst reports. Wall Street Zen raised First Guaranty Bancshares to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings cut First Guaranty Bancshares from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Institutional Investors Weigh In On First Guaranty Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its position in First Guaranty Bancshares by 1,288.4% in the 1st 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. Barclays PLC increased its holdings in First Guaranty Bancshares by 135.6% during 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 in the last quarter. Renaissance Technologies LLC increased its holdings in First Guaranty Bancshares by 60.1% during the 4th quarter. Renaissance Technologies LLC now owns 28,347 shares of the bank’s stock worth $152,000 after purchasing an additional 10,641 shares in the last quarter. Empowered Funds LLC raised its stake in shares of First Guaranty Bancshares by 8.8% in the 1st quarter. Empowered Funds LLC now owns 46,048 shares of the bank’s stock valued at $355,000 after purchasing an additional 3,742 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of First Guaranty Bancshares by 11.1% in the first quarter. Acadian Asset Management LLC now owns 49,565 shares of the bank’s stock valued at $379,000 after purchasing an additional 4,956 shares in the last quarter. 39.52% of the stock is currently owned by institutional investors and hedge funds.

About First Guaranty Bancshares

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.