First Guaranty Bancshares (NASDAQ:FGBI) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Tuesday.

A number of other research firms have also commented on FGBI. ValuEngine lowered First Guaranty Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Sandler O’Neill set a $29.00 price objective on shares of First Guaranty Bancshares and gave the stock a “hold” rating in a research report on Wednesday, August 30th.

First Guaranty Bancshares (FGBI) opened at $28.88 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $257.89, a P/E ratio of 20.00 and a beta of 0.66. First Guaranty Bancshares has a 12-month low of $20.81 and a 12-month high of $29.95.

First Guaranty Bancshares (NASDAQ:FGBI) last issued its quarterly earnings results on Monday, October 30th. The bank reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). First Guaranty Bancshares had a net margin of 17.30% and a return on equity of 9.29%.

In other First Guaranty Bancshares news, Director William K. Hood bought 3,285 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were bought at an average cost of $27.00 per share, for a total transaction of $88,695.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director William K. Hood purchased 18,987 shares of the stock in a transaction dated Thursday, December 7th. The stock was purchased at an average price of $29.00 per share, for a total transaction of $550,623.00. The disclosure for this purchase can be found here. 42.70% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Advisor Group Inc. acquired a new stake in First Guaranty Bancshares in the 2nd quarter valued at $506,000. Bank of New York Mellon Corp purchased a new stake in shares of First Guaranty Bancshares during the second quarter worth approximately $299,000. Context BH Capital Management LP raised its position in First Guaranty Bancshares by 70.1% in the third quarter. Context BH Capital Management LP now owns 14,384 shares of the bank’s stock worth $388,000 after acquiring an additional 5,930 shares in the last quarter. TIAA CREF Investment Management LLC purchased a new position in First Guaranty Bancshares in the second quarter worth $284,000. Finally, Teachers Advisors LLC acquired a new stake in First Guaranty Bancshares in the second quarter valued at $207,000. 11.65% of the stock is owned by hedge funds and other institutional investors.

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First Guaranty Bancshares Company Profile

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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