Insider Buying: First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Buys 24,615 Shares of Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Bruce Mcanally purchased 24,615 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average cost of $8.47 per share, with a total value of $208,489.05. Following the completion of the purchase, the director now directly owns 145,839 shares in the company, valued at $1,235,256.33. The trade was a 20.31 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

First Guaranty Bancshares Stock Up 0.3 %

FGBI stock traded up $0.02 during trading on Wednesday, hitting $7.73. 9,967 shares of the company’s stock traded hands, compared to its average volume of 11,769. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $96.66 million, a P/E ratio of 9.54 and a beta of 0.42. The business has a fifty day simple moving average of $8.83 and a two-hundred day simple moving average of $10.53. First Guaranty Bancshares, Inc. has a 1 year low of $6.56 and a 1 year high of $15.25.

First Guaranty Bancshares (NASDAQ:FGBI) last posted its quarterly earnings data on Monday, February 3rd. The bank reported $0.03 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.13). First Guaranty Bancshares had a return on equity of 5.62% and a net margin of 5.04%. Sell-side analysts anticipate that First Guaranty Bancshares, Inc. will post 0.89 EPS for the current year.

First Guaranty Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Thursday, March 27th. First Guaranty Bancshares’s payout ratio is presently 4.94%.

Hedge Funds Weigh In On First Guaranty Bancshares

Large investors have recently made changes to their positions in the stock. Arkadios Wealth Advisors acquired a new stake in shares of First Guaranty Bancshares in the fourth quarter valued at $122,000. Ameriprise Financial Inc. acquired a new position in shares of First Guaranty Bancshares in the 4th quarter valued at $149,000. Citadel Advisors LLC increased its holdings in shares of First Guaranty Bancshares by 26.9% in the 4th quarter. Citadel Advisors LLC now owns 13,661 shares of the bank’s stock valued at $155,000 after acquiring an additional 2,894 shares during the period. Millennium Management LLC purchased a new position in shares of First Guaranty Bancshares during the fourth quarter worth about $172,000. Finally, 683 Capital Management LLC purchased a new stake in shares of First Guaranty Bancshares during the fourth quarter worth approximately $296,000. 39.52% of the stock is currently owned by institutional investors and hedge funds.

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.