First Guaranty Bancshares (NASDAQ:FGBI) Director Purchases $26,024.85 in Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Robert Walker bought 5,745 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were acquired at an average price of $4.53 per share, with a total value of $26,024.85. Following the purchase, the director owned 51,121 shares in the company, valued at $231,578.13. This trade represents a 12.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

First Guaranty Bancshares Stock Performance

Shares of NASDAQ FGBI traded up $0.12 during mid-day trading on Monday, hitting $4.89. The company had a trading volume of 16,861 shares, compared to its average volume of 14,443. First Guaranty Bancshares, Inc. has a 12 month low of $4.31 and a 12 month high of $13.06. The firm has a market cap of $75.08 million, a P/E ratio of -1.18 and a beta of 0.36. The business’s 50-day simple moving average is $6.41 and its 200-day simple moving average is $7.67. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.88 and a quick ratio of 0.88.

First Guaranty Bancshares (NASDAQ:FGBI) last issued its earnings results on Friday, October 31st. The bank reported ($3.01) earnings per share for the quarter. First Guaranty Bancshares had a negative net margin of 25.11% and a negative return on equity of 20.76%. The business had revenue of $24.10 million for the quarter. As a group, analysts predict that First Guaranty Bancshares, Inc. will post 0.89 earnings per share for the current fiscal year.

First Guaranty Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 26th will be paid a $0.01 dividend. The ex-dividend date is Friday, December 26th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.8%. First Guaranty Bancshares’s payout ratio is -0.97%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of First Guaranty Bancshares in a report on Wednesday, October 8th. Zacks Research upgraded shares of First Guaranty Bancshares from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Institutional Trading of First Guaranty Bancshares

A hedge fund recently raised its stake in First Guaranty Bancshares stock. Acadian Asset Management LLC grew its stake in First Guaranty Bancshares, Inc. (NASDAQ:FGBI) by 11.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,565 shares of the bank’s stock after purchasing an additional 4,956 shares during the quarter. Acadian Asset Management LLC owned approximately 0.38% of First Guaranty Bancshares worth $379,000 as of its most recent SEC filing. 39.52% of the stock is currently 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.