Key Points
- Director Robert Walker bought 4,000 FGBI shares at an average price of $17.74, investing $70,960 and increasing his ownership by 51.93% to 11,702 shares.
- First Guaranty Bancshares reported quarterly EPS of $0.17, exceeding the $0.09 analyst consensus, while revenue of $24.18 million also surpassed estimates.
- The company declared a quarterly dividend of $0.01 per share, equivalent to an annualized dividend of $0.04 and a 0.5% yield; analysts’ average rating remains “Reduce.”
First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report) Director Robert Walker acquired 4,000 shares of the business's stock in a transaction on Tuesday, September 15th. The shares were bought at an average cost of $17.74 per share, with a total value of $70,960.00. Following the completion of the acquisition, the director owned 11,702 shares in the company, valued at approximately $207,593.48. This represents a 51.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
First Guaranty Bancshares Trading Up 2.2%
First Guaranty Bancshares stock opened at $8.68 on Friday. First Guaranty Bancshares, Inc. has a 1 year low of $4.31 and a 1 year high of $11.02. The firm's 50 day moving average price is $8.94 and its 200-day moving average price is $9.21. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $143.57 million, a P/E ratio of -3.59 and a beta of 0.42.
First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) last issued its earnings results on Monday, July 27th. The bank reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.08. The firm had revenue of $24.18 million during the quarter, compared to analyst estimates of $21.66 million. First Guaranty Bancshares had a negative net margin of 16.83% and a negative return on equity of 12.25%. On average, equities analysts predict that First Guaranty Bancshares, Inc. will post 0.4 earnings per share for the current fiscal year.
First Guaranty Bancshares Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 25th will be paid a $0.01 dividend. The ex-dividend date is Friday, September 25th. This represents a $0.04 annualized dividend and a yield of 0.5%. First Guaranty Bancshares's payout ratio is presently -1.65%.
Hedge Funds Weigh In On First Guaranty Bancshares
An institutional investor recently raised its position in First Guaranty Bancshares stock. NewEdge Advisors LLC lifted its holdings in First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Free Report) by 1,288.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,942 shares of the bank's stock after buying an additional 6,442 shares during the period. NewEdge Advisors LLC's holdings in First Guaranty Bancshares were worth $56,000 at the end of the most recent reporting period. 39.52% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
FGBI has been the subject of a number of research analyst reports. Weiss Ratings lowered First Guaranty Bancshares from a "sell (d)" rating to a "sell (d-)" rating in a research report on Friday, August 14th. Wall Street Zen raised First Guaranty Bancshares to a "hold" rating in a research note on Saturday, June 27th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce".
Check Out Our Latest Report on FGBI
About First Guaranty Bancshares
(
Get Free Report)
First Guaranty Bancshares, Inc is a bank holding company headquartered in Hammond, Louisiana. Through its principal subsidiary, First Guaranty Bank, the company provides community banking services to individuals, businesses and organizations.
First Guaranty Bank offers deposit products such as checking, savings and money market accounts, certificates of deposit and business deposits. Its lending activities include commercial and industrial loans, commercial real estate financing, construction and development loans, residential real estate loans, agricultural lending and consumer loans.
The bank also provides treasury management, online and mobile banking, cash management and other financial services.
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