Key Points
- Director Edgar Smith III bought 208,996 shares on Dec. 31 at an average price of $5.40 (≈$1.128M), boosting his ownership 63.67% to 537,266 shares valued at roughly $2.9M, per an SEC filing.
- First Guaranty Bancshares shows weak fundamentals — last quarter EPS was ($3.01) with negative margins and ROE, a market cap of about $82.6M, and a consensus analyst rating of Reduce; the stock yields a nominal $0.01 quarterly dividend.
First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report) Director Marshall Reynolds purchased 46,297 shares of the company's stock in a transaction dated Wednesday, December 31st. The shares were bought at an average cost of $5.40 per share, for a total transaction of $250,003.80. Following the acquisition, the director owned 1,993,821 shares in the company, valued at approximately $10,766,633.40. The trade was a 2.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
First Guaranty Bancshares Stock Up 0.2%
FGBI opened at $5.38 on Friday. The stock has a market capitalization of $82.60 million, a price-to-earnings ratio of -1.30 and a beta of 0.36. The firm has a 50 day moving average price of $5.42 and a 200-day moving average price of $7.33. First Guaranty Bancshares, Inc. has a twelve month low of $4.31 and a twelve month high of $11.22. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.99.
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. The company had revenue of $24.10 million during the quarter. First Guaranty Bancshares had a negative return on equity of 20.76% and a negative net margin of 25.11%. Equities research analysts forecast 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 Wednesday, December 31st. Investors of record on Friday, December 26th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.04 annualized dividend and a dividend yield of 0.7%. First Guaranty Bancshares's payout ratio is presently -0.97%.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Weiss Ratings reissued a "sell (d)" rating on shares of First Guaranty Bancshares in a research report on Wednesday, October 8th. Zacks Research raised shares of First Guaranty Bancshares from a "strong sell" rating to a "hold" rating in a report on Monday, December 8th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, First Guaranty Bancshares has an average rating of "Reduce".
Check Out Our Latest Analysis on First Guaranty Bancshares
Hedge Funds Weigh In On First Guaranty Bancshares
A hedge fund recently raised its stake in First Guaranty Bancshares stock. Empowered Funds LLC lifted its position in First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Free Report) by 8.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,048 shares of the bank's stock after purchasing an additional 3,742 shares during the period. Empowered Funds LLC owned about 0.37% of First Guaranty Bancshares worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 39.52% of the stock is currently owned by hedge funds and other institutional investors.
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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