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

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Marshall Reynolds bought 31,056 shares of the firm’s stock in a transaction on Tuesday, September 30th. The stock was acquired at an average cost of $8.05 per share, with a total value of $250,000.80. Following the completion of the transaction, the director directly owned 1,947,524 shares of the company’s stock, valued at approximately $15,677,568.20. This represents a 1.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

First Guaranty Bancshares Stock Performance

FGBI stock opened at $7.86 on Friday. 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 company has a market capitalization of $118.84 million, a price-to-earnings ratio of -7.78 and a beta of 0.37. First Guaranty Bancshares, Inc. has a 12 month low of $6.55 and a 12 month high of $15.25. The firm has a 50 day moving average of $8.20 and a two-hundred day moving average of $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 the consensus estimate of ($0.20) by ($0.41). The business had revenue of $54.32 million during the quarter, compared to the consensus estimate of $29.20 million. First Guaranty Bancshares had a negative return on equity of 4.73% and a negative net margin of 4.49%. As a group, equities analysts anticipate that First Guaranty Bancshares, Inc. will post 0.89 EPS for the current fiscal year.

First Guaranty Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 23rd. First Guaranty Bancshares’s dividend payout ratio is currently -3.96%.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of First Guaranty Bancshares from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 10th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of First Guaranty Bancshares

Large investors have recently modified their holdings of the company. Ameriprise Financial Inc. bought a new stake in shares of First Guaranty Bancshares during the 4th quarter worth $149,000. Citadel Advisors LLC raised its stake in First Guaranty Bancshares by 26.9% during the 4th quarter. Citadel Advisors LLC now owns 13,661 shares of the bank’s stock valued at $155,000 after purchasing an additional 2,894 shares during the last quarter. Millennium Management LLC acquired a new position in First Guaranty Bancshares during the 4th quarter valued at $172,000. Arkadios Wealth Advisors raised its stake in First Guaranty Bancshares by 14.0% during the 1st quarter. Arkadios Wealth Advisors now owns 12,236 shares of the bank’s stock valued at $94,000 after purchasing an additional 1,502 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in First Guaranty Bancshares by 11.1% during the 1st quarter. Acadian Asset Management LLC now owns 49,565 shares of the bank’s stock valued at $379,000 after purchasing an additional 4,956 shares during the last quarter. 39.52% of the stock is owned by institutional investors.

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.