First Guaranty Bancshares (NASDAQ:FGBI) Director Purchases $250,000.80 in Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Bruce Mcanally bought 31,056 shares of the company’s stock in a transaction dated Tuesday, September 30th. The shares were acquired at an average price of $8.05 per share, for a total transaction of $250,000.80. Following the completion of the transaction, the director directly owned 207,760 shares in the company, valued at approximately $1,672,468. This trade represents a 17.58% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

First Guaranty Bancshares Price Performance

NASDAQ:FGBI opened at $7.86 on Friday. First Guaranty Bancshares, Inc. has a 52 week low of $6.55 and a 52 week high of $15.25. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $118.84 million, a PE ratio of -7.78 and a beta of 0.37. The stock’s 50-day moving average price is $8.20 and its 200-day moving average price is $8.52.

First Guaranty Bancshares (NASDAQ:FGBI) last posted its earnings results on Monday, August 18th. The bank reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.41). First Guaranty Bancshares had a negative net margin of 4.49% and a negative return on equity of 4.73%. The business had revenue of $54.32 million for the quarter, compared to analyst estimates of $29.20 million. As a group, equities analysts expect that First Guaranty Bancshares, Inc. will post 0.89 EPS for the current fiscal year.

First Guaranty Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, September 23rd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.5%. First Guaranty Bancshares’s dividend payout ratio (DPR) is -3.96%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Arkadios Wealth Advisors lifted its stake in First Guaranty Bancshares by 14.0% in the 1st quarter. Arkadios Wealth Advisors now owns 12,236 shares of the bank’s stock worth $94,000 after purchasing an additional 1,502 shares in the last quarter. Citadel Advisors LLC lifted its stake in First Guaranty Bancshares by 26.9% in the 4th quarter. Citadel Advisors LLC now owns 13,661 shares of the bank’s stock worth $155,000 after purchasing an additional 2,894 shares in the last quarter. Empowered Funds LLC lifted its stake in First Guaranty Bancshares by 8.8% in the 1st quarter. Empowered Funds LLC now owns 46,048 shares of the bank’s stock worth $355,000 after purchasing an additional 3,742 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, Ameriprise Financial Inc. purchased a new position in First Guaranty Bancshares in the 4th quarter worth approximately $149,000. 39.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Zacks Research cut First Guaranty Bancshares from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, First Guaranty Bancshares presently has an average rating of “Sell”.

About First Guaranty Bancshares

First Guaranty Bancshares, Inc operates as the holding company for First Guaranty Bank that provides commercial banking services in Louisiana and Texas. It offers various deposit products, including personal and business checking, savings, money market, and demand accounts, as well as time deposits to consumers, small businesses, and municipalities.