Key Points
- Director Robert Walker bought 5,745 shares of First Guaranty Bancshares at $4.53 each (total $26,024.85), raising his stake to 51,121 shares — a 12.66% increase disclosed in an SEC filing.
- The company is financially weak: FGBI shares traded around $4.89, market cap ~$75.1M, and the firm posted a quarterly loss of $3.01 per share with negative return on equity and net margin, reflecting ongoing profitability issues.
- First Guaranty declared a $0.01 quarterly dividend (0.8% yield) and faces mixed analyst views (consensus "Reduce"), while institutional ownership is about 39.5% with Empowered Funds recently increasing its position.
First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report) Director Robert Walker acquired 5,745 shares of the stock in a transaction dated Thursday, December 11th. The shares were purchased at an average price of $4.53 per share, for a total transaction of $26,024.85. Following the completion of the purchase, the director directly owned 51,121 shares in the company, valued at $231,578.13. The trade was a 12.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
First Guaranty Bancshares Stock Up 2.5%
Shares of FGBI stock opened at $4.89 on Tuesday. First Guaranty Bancshares, Inc. has a 52-week low of $4.31 and a 52-week high of $13.06. The stock has a market cap of $75.06 million, a price-to-earnings ratio of -1.18 and a beta of 0.36. The firm's 50-day moving average is $6.33 and its 200-day moving average is $7.64. 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 announced its quarterly earnings results on Friday, October 31st. The bank reported ($3.01) earnings per share for the quarter. The business had revenue of $24.10 million for the quarter. First Guaranty Bancshares had a negative return on equity of 20.76% and a negative net margin of 25.11%. Sell-side analysts predict that First Guaranty Bancshares, Inc. will post 0.89 EPS for the current year.
First Guaranty Bancshares Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 26th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, December 26th. First Guaranty Bancshares's dividend payout ratio is -0.97%.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the company. Zacks Research raised First Guaranty Bancshares from a "strong sell" rating to a "hold" rating in a report on Monday, December 8th. Weiss Ratings reissued a "sell (d)" rating on shares of First Guaranty Bancshares in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, First Guaranty Bancshares has a consensus rating of "Reduce".
Read Our Latest Stock Report on First Guaranty Bancshares
Institutional Trading of First Guaranty Bancshares
An institutional investor recently raised its position in First Guaranty Bancshares stock. Empowered Funds LLC raised its position in First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Free Report) by 8.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,048 shares of the bank's stock after buying an additional 3,742 shares during the quarter. Empowered Funds LLC owned 0.37% of First Guaranty Bancshares worth $355,000 at the end of the most recent reporting period. Institutional investors own 39.52% of the company's stock.
First Guaranty Bancshares Company Profile
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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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