First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Purchases $833,956.20 in Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Edgar R. Smith III bought 98,460 shares of First Guaranty Bancshares stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average price of $8.47 per share, with a total value of $833,956.20. Following the completion of the acquisition, the director now directly owns 98,460 shares of the company’s stock, valued at $833,956.20. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

First Guaranty Bancshares Price Performance

Shares of NASDAQ:FGBI opened at $7.70 on Friday. The company has a market capitalization of $96.29 million, a PE ratio of 9.51 and a beta of 0.37. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a fifty day moving average of $8.66 and a 200-day moving average of $10.47. First Guaranty Bancshares, Inc. has a one year low of $6.56 and a one year high of $15.25.

First Guaranty Bancshares (NASDAQ:FGBI) last announced its earnings results 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 net margin of 5.04% and a return on equity of 5.62%. As a group, equities analysts anticipate that First Guaranty Bancshares, Inc. will post 0.89 EPS for the current fiscal year.

First Guaranty Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.01 dividend. 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 dividend payout ratio (DPR) is currently 4.94%.

Institutional Investors Weigh In On First Guaranty Bancshares

A number of large investors have recently made changes to their positions in FGBI. Bridgeway Capital Management LLC grew its position in First Guaranty Bancshares by 1.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 82,497 shares of the bank’s stock worth $937,000 after purchasing an additional 1,242 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of First Guaranty Bancshares by 8.0% during the third quarter. Geode Capital Management LLC now owns 68,788 shares of the bank’s stock valued at $733,000 after buying an additional 5,070 shares in the last quarter. Empowered Funds LLC boosted its position in First Guaranty Bancshares by 4.9% during the 4th quarter. Empowered Funds LLC now owns 42,306 shares of the bank’s stock worth $481,000 after acquiring an additional 1,968 shares during the period. LPL Financial LLC purchased a new position in First Guaranty Bancshares during the 4th quarter valued at about $400,000. Finally, Northern Trust Corp increased its holdings in shares of First Guaranty Bancshares by 48.8% in the 4th quarter. Northern Trust Corp now owns 26,780 shares of the bank’s stock valued at $304,000 after purchasing an additional 8,780 shares during the period. Institutional investors and hedge funds own 39.52% of the company’s stock.

First Guaranty Bancshares Company Profile

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.