First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Bruce Mcanally Acquires 24,615 Shares of Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Bruce Mcanally bought 24,615 shares of the business’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 owns 145,839 shares of the company’s stock, valued at approximately $1,235,256.33. The trade was a 20.31 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

First Guaranty Bancshares Trading Up 0.3 %

First Guaranty Bancshares stock opened at $7.73 on Thursday. The firm has a market cap of $96.66 million, a price-to-earnings ratio of 9.54 and a beta of 0.37. First Guaranty Bancshares, Inc. has a 1 year low of $6.56 and a 1 year high of $15.25. The firm’s 50 day moving average price is $8.77 and its two-hundred day moving average price is $10.51. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.91 and a current ratio of 0.91.

First Guaranty Bancshares (NASDAQ:FGBI) last issued its earnings results on Monday, February 3rd. The bank reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.13). First Guaranty Bancshares had a return on equity of 5.62% and a net margin of 5.04%. On average, research analysts predict that First Guaranty Bancshares, Inc. will post 0.89 EPS for the current fiscal year.

First Guaranty Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued 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 payout ratio is 4.94%.

Institutional Investors Weigh In On First Guaranty Bancshares

A number of large investors have recently made changes to their positions in the company. Arkadios Wealth Advisors acquired a new position in First Guaranty Bancshares in the 4th quarter worth approximately $122,000. Ameriprise Financial Inc. acquired a new stake in shares of First Guaranty Bancshares in the fourth quarter worth $149,000. Citadel Advisors LLC boosted its position in shares of First Guaranty Bancshares by 26.9% in the fourth quarter. Citadel Advisors LLC now owns 13,661 shares of the bank’s stock worth $155,000 after buying 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 valued at $172,000. Finally, 683 Capital Management LLC acquired a new position in First Guaranty Bancshares during the fourth quarter valued at $296,000. 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.