First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report) Director Bruce Mcanally acquired 109,051 shares of the stock in a transaction on Thursday, April 30th. The shares were acquired at an average price of $9.17 per share, with a total value of $999,997.67. Following the transaction, the director directly owned 441,587 shares of the company's stock, valued at $4,049,352.79. The trade was a 32.79% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Bruce Mcanally also recently made the following trade(s):
- On Tuesday, March 31st, Bruce Mcanally bought 32,176 shares of First Guaranty Bancshares stock. The stock was acquired at an average price of $7.77 per share, for a total transaction of $250,007.52.
First Guaranty Bancshares Stock Down 2.7%
Shares of NASDAQ FGBI opened at $9.00 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.96. First Guaranty Bancshares, Inc. has a 12-month low of $4.31 and a 12-month high of $10.07. The firm's 50-day moving average price is $8.94 and its 200-day moving average price is $7.52. The stock has a market capitalization of $142.11 million, a price-to-earnings ratio of -2.81 and a beta of 0.44.
First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) last released its quarterly earnings results on Monday, April 27th. The bank reported $0.14 EPS for the quarter, topping the consensus estimate of $0.07 by $0.07. First Guaranty Bancshares had a negative return on equity of 16.79% and a negative net margin of 21.47%.The company had revenue of $22.90 million during the quarter, compared to analyst estimates of $22.15 million. On average, equities research analysts anticipate that First Guaranty Bancshares, Inc. will post 0.4 EPS for the current fiscal year.
First Guaranty Bancshares Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 27th were given a dividend of $0.01 per share. The ex-dividend date of this dividend 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 -1.25%.
Institutional Trading of First Guaranty Bancshares
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FGBI. Empowered Funds LLC lifted its stake in First Guaranty Bancshares by 8.8% in the first quarter. Empowered Funds LLC now owns 46,048 shares of the bank's stock worth $355,000 after purchasing an additional 3,742 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of First Guaranty Bancshares by 11.1% during the first quarter. Acadian Asset Management LLC now owns 49,565 shares of the bank's stock valued at $379,000 after buying an additional 4,956 shares during the period. Barclays PLC grew its stake in shares of First Guaranty Bancshares by 135.6% during the fourth quarter. Barclays PLC now owns 11,478 shares of the bank's stock valued at $62,000 after buying an additional 6,606 shares during the last quarter. Finally, Renaissance Technologies LLC grew 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 last quarter. 39.52% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "sell (d)" rating on shares of First Guaranty Bancshares in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce".
Check Out Our Latest Stock Analysis on First Guaranty Bancshares
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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