Key Points
- Director Robert Walker purchased 7,500 shares of First Guaranty Bancshares at an average price of $4.54 on December 10, spending $34,050 and increasing his stake to 45,376 shares (a 19.8% boost); the trade was disclosed in an SEC filing.
- FGBI traded around $4.83 (up 2.8%) with a market cap of roughly $74.1M, but the company reported a quarterly EPS of -$3.01, negative margins and ROE, a $0.01 quarterly dividend (0.8% yield), and carries a MarketBeat consensus rating of "Reduce".
First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report) Director Robert Walker bought 7,500 shares of the business's stock in a transaction on Wednesday, December 10th. The shares were acquired at an average price of $4.54 per share, for a total transaction of $34,050.00. Following the completion of the transaction, the director owned 45,376 shares in the company, valued at approximately $206,007.04. This trade represents a 19.80% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
First Guaranty Bancshares Trading Up 2.8%
FGBI traded up $0.13 during midday trading on Friday, reaching $4.83. 3,979 shares of the company were exchanged, compared to its average volume of 14,385. The stock has a market capitalization of $74.14 million, a P/E ratio of -1.17 and a beta of 0.36. First Guaranty Bancshares, Inc. has a one year low of $4.31 and a one year high of $13.06. The stock's 50-day simple moving average is $6.49 and its 200 day simple moving average is $7.72. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.88 and a current ratio of 0.88.
First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) last issued its earnings results on Friday, October 31st. The bank reported ($3.01) EPS for the quarter. The firm had revenue of $24.10 million during the quarter. First Guaranty Bancshares had a negative net margin of 25.11% and a negative return on equity of 20.76%. As a group, analysts forecast that First Guaranty Bancshares, Inc. will post 0.89 earnings per share for the current fiscal year.
First Guaranty Bancshares Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 26th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is currently -0.97%.
Wall Street Analyst Weigh In
FGBI has been the topic of a number of research analyst reports. Zacks Research upgraded shares of First Guaranty Bancshares from a "strong sell" rating to a "hold" rating in a report on Monday. Weiss Ratings restated a "sell (d)" rating on shares of First Guaranty Bancshares in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, First Guaranty Bancshares presently has a consensus rating of "Reduce".
Read Our Latest Stock Analysis on First Guaranty Bancshares
Institutional Inflows and Outflows
A hedge fund recently raised its stake in First Guaranty Bancshares stock. Empowered Funds LLC boosted its position in First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Free Report) by 8.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 46,048 shares of the bank's stock after acquiring an additional 3,742 shares during the period. Empowered Funds LLC owned 0.37% of First Guaranty Bancshares worth $355,000 as of its most recent SEC filing. 39.52% of the stock is owned by institutional investors.
About First Guaranty Bancshares
(
Get Free Report)
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.
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