Key Points
- Director Edgar Smith III purchased 138,083 shares at an average of $7.77 per share (~$1.07M), increasing his direct stake to 675,349 shares — a 25.7% boost.
- FGBI opened at $9.20 with a market cap of $145.3M and a negative P/E (-2.37); the company paid a $0.01 quarterly dividend (annualized $0.04, ~0.4% yield) and Wall Street consensus rates the stock as "Reduce".
First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report) Director Bruce Mcanally acquired 32,176 shares of the stock in a transaction dated Tuesday, March 31st. The stock was acquired at an average price of $7.77 per share, with a total value of $250,007.52. Following the completion of the acquisition, the director owned 332,536 shares in the company, valued at approximately $2,583,804.72. The trade was a 10.71% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
First Guaranty Bancshares Price Performance
FGBI stock opened at $9.20 on Friday. The firm has a market cap of $145.27 million, a P/E ratio of -2.37 and a beta of 0.32. The firm's fifty day moving average is $8.71 and its 200 day moving average is $7.39. First Guaranty Bancshares, Inc. has a 52 week low of $4.31 and a 52 week high of $10.55. 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 27th were issued a $0.01 dividend. The ex-dividend date was Friday, March 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. First Guaranty Bancshares's payout ratio is currently -1.03%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on FGBI shares. Zacks Research upgraded First Guaranty Bancshares from a "strong sell" rating to a "hold" rating in a research report on Monday, December 8th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of First Guaranty Bancshares in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Reduce".
Get Our Latest Stock Analysis on First Guaranty Bancshares
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC raised its position in First Guaranty Bancshares by 135.6% during the 4th quarter. Barclays PLC now owns 11,478 shares of the bank's stock valued at $62,000 after purchasing an additional 6,606 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of First Guaranty Bancshares by 60.1% during the fourth quarter. Renaissance Technologies LLC now owns 28,347 shares of the bank's stock valued at $152,000 after buying an additional 10,641 shares during the period. Empowered Funds LLC raised its holdings in shares of First Guaranty Bancshares by 8.8% during the first quarter. Empowered Funds LLC now owns 46,048 shares of the bank's stock valued at $355,000 after acquiring an additional 3,742 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in First Guaranty Bancshares by 11.1% in the first quarter. Acadian Asset Management LLC now owns 49,565 shares of the bank's stock worth $379,000 after acquiring an additional 4,956 shares during the period. Institutional investors own 39.52% of the company's stock.
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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