First Guaranty Bancshares (NASDAQ:FGBI) Director Marshall Reynolds Purchases 32,176 Shares

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Marshall Reynolds bought 32,176 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were purchased at an average price of $7.77 per share, for a total transaction of $250,007.52. Following the purchase, the director owned 2,025,997 shares in the company, valued at $15,741,996.69. This represents a 1.61% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

First Guaranty Bancshares Price Performance

FGBI stock traded up $0.39 during trading on Thursday, reaching $9.20. The company’s stock had a trading volume of 34,623 shares, compared to its average volume of 14,950. First Guaranty Bancshares, Inc. has a 1 year low of $4.31 and a 1 year high of $10.55. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $141.25 million, a P/E ratio of -2.37 and a beta of 0.31. The company’s fifty day moving average is $8.69 and its 200-day moving average is $7.37.

First Guaranty Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 27th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. First Guaranty Bancshares’s dividend payout ratio is -1.03%.

Institutional Trading of First Guaranty Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. 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. Empowered Funds LLC grew its position in shares of First Guaranty Bancshares by 8.8% during the first 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 in the last quarter. Renaissance Technologies LLC grew its position in shares of 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 in the last quarter. Finally, Barclays PLC increased its holdings in shares of First Guaranty Bancshares by 135.6% in the fourth 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 last quarter. 39.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FGBI has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of First Guaranty Bancshares in a research note on Thursday, January 22nd. Zacks Research raised shares of First Guaranty Bancshares from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently 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.