First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Acquires $250,006.50 in Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Marshall T. Reynolds purchased 30,865 shares of the business’s stock in a transaction dated Monday, June 30th. The shares were acquired at an average price of $8.10 per share, for a total transaction of $250,006.50. Following the acquisition, the director owned 1,916,468 shares of the company’s stock, valued at $15,523,390.80. This trade represents a 1.64% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

First Guaranty Bancshares Price Performance

Shares of FGBI opened at $8.86 on Thursday. First Guaranty Bancshares, Inc. has a 1 year low of $6.56 and a 1 year high of $15.25. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $114.21 million, a price-to-earnings ratio of 68.16 and a beta of 0.40. The business has a 50-day moving average of $8.93 and a 200-day moving average of $9.27.

First Guaranty Bancshares (NASDAQ:FGBI) last released its earnings results on Monday, May 12th. The bank reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.71). First Guaranty Bancshares had a net margin of 1.59% and a return on equity of 1.78%. The firm had revenue of $56.82 million for the quarter, compared to analyst estimates of $27.90 million. As a group, equities research analysts anticipate that First Guaranty Bancshares, Inc. will post 0.89 earnings per share for the current year.

First Guaranty Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, June 23rd. First Guaranty Bancshares’s dividend payout ratio (DPR) is presently 30.77%.

Hedge Funds Weigh In On First Guaranty Bancshares

Hedge funds have recently bought and sold shares of the company. Bridgeway Capital Management LLC lifted its holdings in First Guaranty Bancshares by 1.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 82,497 shares of the bank’s stock valued at $937,000 after buying an additional 1,242 shares during the period. Arkadios Wealth Advisors raised its position in shares of First Guaranty Bancshares by 14.0% in the 1st quarter. Arkadios Wealth Advisors now owns 12,236 shares of the bank’s stock worth $94,000 after acquiring an additional 1,502 shares in the last quarter. Citadel Advisors LLC lifted its stake in shares of First Guaranty Bancshares by 26.9% in 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 period. Empowered Funds LLC lifted its stake in shares of First Guaranty Bancshares by 8.8% in 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 period. Finally, Acadian Asset Management LLC boosted its position 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 in the last quarter. Institutional investors own 39.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded First Guaranty Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, May 24th.

About First Guaranty Bancshares

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.