First Guaranty Bancshares (NASDAQ:FGBI) Director Robert Walker Buys 4,000 Shares

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Robert Walker bought 4,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average price of $17.74 per share, for a total transaction of $70,960.00. Following the completion of the transaction, the director directly owned 11,702 shares of the company’s stock, valued at $207,593.48. This represents a 51.93% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

First Guaranty Bancshares Stock Performance

NASDAQ:FGBI opened at $8.68 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a 50-day simple moving average of $8.94 and a two-hundred day simple moving average of $9.21. The firm has a market capitalization of $143.57 million, a PE ratio of -3.59 and a beta of 0.42. First Guaranty Bancshares, Inc. has a 52-week low of $4.31 and a 52-week high of $11.02.

First Guaranty Bancshares (NASDAQ:FGBI) last posted its quarterly earnings data on Monday, July 27th. The bank reported $0.17 EPS for the quarter, topping the consensus estimate of $0.09 by $0.08. First Guaranty Bancshares had a negative return on equity of 12.25% and a negative net margin of 16.83%.The firm had revenue of $24.18 million for the quarter, compared to the consensus estimate of $21.66 million. Analysts forecast that First Guaranty Bancshares, Inc. will post 0.4 EPS for the current year.

First Guaranty Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 25th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, September 25th. This represents a $0.04 dividend on an annualized basis and a yield of 0.5%. First Guaranty Bancshares’s dividend payout ratio (DPR) is presently -1.65%.

Hedge Funds Weigh In On First Guaranty Bancshares

A hedge fund recently raised its stake in First Guaranty Bancshares stock. NewEdge Advisors LLC lifted its holdings in First Guaranty Bancshares, Inc. (NASDAQ:FGBI) by 1,288.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,942 shares of the bank’s stock after acquiring an additional 6,442 shares during the period. NewEdge Advisors LLC’s holdings in First Guaranty Bancshares were worth $56,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 39.52% of the company’s stock.

Analyst Upgrades and Downgrades

FGBI has been the subject of a number of recent analyst reports. Weiss Ratings lowered shares of First Guaranty Bancshares from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. Wall Street Zen raised shares of First Guaranty Bancshares to a “hold” rating in a research note on Saturday, June 27th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

First Guaranty Bancshares Company Profile

First Guaranty Bancshares, Inc is a bank holding company headquartered in Hammond, Louisiana. Through its principal subsidiary, First Guaranty Bank, the company provides community banking services to individuals, businesses and organizations.

First Guaranty Bank offers deposit products such as checking, savings and money market accounts, certificates of deposit and business deposits. Its lending activities include commercial and industrial loans, commercial real estate financing, construction and development loans, residential real estate loans, agricultural lending and consumer loans.

The bank also provides treasury management, online and mobile banking, cash management and other financial services.