Insider Buying: First Guaranty Bancshares (NASDAQ:FGBI) Director Acquires 46,297 Shares of Stock

by · The Markets Daily

First Guaranty Bancshares, Inc. (NASDAQ:FGBI – Get Free Report) Director Marshall Reynolds purchased 46,297 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average price of $5.40 per share, for a total transaction of $250,003.80. Following the purchase, the director owned 1,993,821 shares in the company, valued at $10,766,633.40. This represents a 2.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

First Guaranty Bancshares Stock Up 0.2%

FGBI stock traded up $0.01 during trading on Friday, hitting $5.38. 4,648 shares of the stock traded hands, compared to its average volume of 14,717. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $82.58 million, a price-to-earnings ratio of -1.30 and a beta of 0.33. First Guaranty Bancshares, Inc. has a 1 year low of $4.31 and a 1 year high of $11.22. The firm’s 50 day moving average is $5.47 and its two-hundred day moving average is $7.34.

First Guaranty Bancshares (NASDAQ:FGBI – Get Free Report) last issued its earnings results on Friday, October 31st. The bank reported ($3.01) earnings per share (EPS) for the quarter. First Guaranty Bancshares had a negative return on equity of 20.76% and a negative net margin of 25.11%.The firm had revenue of $24.10 million during the quarter. On average, sell-side analysts anticipate that First Guaranty Bancshares, Inc. will post 0.89 EPS for the current year.

First Guaranty Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 26th were given a $0.01 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.04 annualized dividend and a yield of 0.7%. First Guaranty Bancshares’s dividend payout ratio is -0.97%.

Institutional Trading of First Guaranty Bancshares

An institutional investor recently raised its position in First Guaranty Bancshares stock. Acadian Asset Management LLC raised its position in First Guaranty Bancshares, Inc. (NASDAQ:FGBI – Free Report) by 11.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,565 shares of the bank’s stock after acquiring an additional 4,956 shares during the quarter. Acadian Asset Management LLC owned approximately 0.38% of First Guaranty Bancshares worth $379,000 at the end of the most recent quarter. Institutional investors and hedge funds own 39.52% of the company’s stock.

Analysts Set New Price Targets

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

Read Our Latest Analysis on FGBI

First Guaranty Bancshares Company Profile

(Get Free Report)

First Guaranty Bancshares, Inc is a financial holding company headquartered in Hammond, Louisiana. Through its principal subsidiary, First Guaranty Bank, the company provides a diversified range of commercial and retail banking services. Founded in 1932, First Guaranty Bancshares has grown from a community mutual bank into a publicly traded institution listed on the Nasdaq under the ticker FGBI.

The company’s core business activities encompass traditional deposit products and lending solutions.

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