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

First Guaranty Bancshares, Inc. (NASDAQ:FGBIGet Free Report) Director Bruce Mcanally acquired 31,056 shares of First Guaranty Bancshares stock in a transaction dated Tuesday, September 30th. The stock was bought at an average price of $8.05 per share, with a total value of $250,000.80. Following the completion of the purchase, the director directly owned 207,760 shares in the company, valued at $1,672,468. This represents a 17.58% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

First Guaranty Bancshares Trading Up 12.2%

NASDAQ:FGBI opened at $8.82 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $133.36 million, a price-to-earnings ratio of -8.73 and a beta of 0.37. First Guaranty Bancshares, Inc. has a one year low of $6.55 and a one year high of $15.25. The business has a fifty day moving average price of $8.20 and a 200-day moving average price of $8.55.

First Guaranty Bancshares (NASDAQ:FGBIGet Free Report) last posted its quarterly earnings data on Monday, August 18th. The bank reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.41). The company had revenue of $54.32 million during the quarter, compared to analysts’ expectations of $29.20 million. First Guaranty Bancshares had a negative return on equity of 4.73% and a negative net margin of 4.49%. Sell-side analysts forecast that First Guaranty Bancshares, Inc. will post 0.89 EPS for the current year.

First Guaranty Bancshares Announces Dividend

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

Institutional Investors Weigh In On First Guaranty Bancshares

A number of institutional investors have recently bought and sold shares of FGBI. Acadian Asset Management LLC boosted its holdings in shares of 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. Empowered Funds LLC boosted its holdings in shares of First Guaranty Bancshares by 8.8% during the 1st 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 during the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of 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. Millennium Management LLC bought a new position in shares of First Guaranty Bancshares during the 4th quarter valued at about $172,000. Finally, Citadel Advisors LLC boosted its holdings in shares of 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. Hedge funds and other institutional investors own 39.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of First Guaranty Bancshares in a research note on Saturday, September 27th. Zacks Research lowered First Guaranty Bancshares from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 10th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

View Our Latest Stock Report on First Guaranty Bancshares

About First Guaranty Bancshares

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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.

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