Key Points
- Director Bruce Mcanally continued buying First Guaranty Bancshares shares, acquiring 860 shares at $17.74 each for $15,256.40, alongside several other purchases since June.
- First Guaranty Bancshares reported quarterly EPS of $0.17, exceeding the $0.09 analyst consensus, while revenue of $24.18 million also topped expectations.
- The company declared a quarterly dividend of $0.01 per share, equal to an annualized $0.04 payout and a 0.5% yield; analysts’ average rating remains “Reduce.”
First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report) Director Bruce Mcanally acquired 860 shares of the business's stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average cost of $17.74 per share, with a total value of $15,256.40. Following the transaction, the director owned 570 shares in the company, valued at approximately $10,111.80. This trade represents a -296.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Bruce Mcanally also recently made the following trade(s):
- On Thursday, September 17th, Bruce Mcanally acquired 500 shares of First Guaranty Bancshares stock. The stock was bought at an average price of $17.60 per share, with a total value of $8,800.00.
- On Wednesday, September 16th, Bruce Mcanally bought 20 shares of First Guaranty Bancshares stock. The stock was bought at an average cost of $17.60 per share, for a total transaction of $352.00.
- On Wednesday, September 9th, Bruce Mcanally bought 250 shares of First Guaranty Bancshares stock. The shares were bought at an average price of $18.25 per share, for a total transaction of $4,562.50.
- On Tuesday, September 8th, Bruce Mcanally purchased 500 shares of First Guaranty Bancshares stock. The shares were bought at an average cost of $18.40 per share, with a total value of $9,200.00.
- On Wednesday, September 2nd, Bruce Mcanally purchased 200 shares of First Guaranty Bancshares stock. The shares were bought at an average cost of $18.75 per share, with a total value of $3,750.00.
- On Monday, August 31st, Bruce Mcanally purchased 200 shares of First Guaranty Bancshares stock. The stock was bought at an average price of $19.00 per share, with a total value of $3,800.00.
- On Friday, July 24th, Bruce Mcanally acquired 199 shares of First Guaranty Bancshares stock. The stock was bought at an average cost of $19.50 per share, for a total transaction of $3,880.50.
- On Thursday, July 16th, Bruce Mcanally acquired 1 shares of First Guaranty Bancshares stock. The shares were bought at an average cost of $19.50 per share, for a total transaction of $19.50.
- On Monday, June 22nd, Bruce Mcanally acquired 200 shares of First Guaranty Bancshares stock. The shares were bought at an average cost of $20.00 per share, for a total transaction of $4,000.00.
First Guaranty Bancshares Trading Down 0.3%
Shares of NASDAQ:FGBI opened at $8.65 on Friday. The stock has a 50 day moving average of $8.91 and a 200 day moving average of $9.21. The company has a market cap of $143.07 million, a PE ratio of -3.57 and a beta of 0.42. First Guaranty Bancshares, Inc. has a 12-month low of $4.31 and a 12-month high of $11.02. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.96.
First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) last released its earnings results on Monday, July 27th. The bank reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.08. First Guaranty Bancshares had a negative net margin of 16.83% and a negative return on equity of 12.25%. The company had revenue of $24.18 million for the quarter, compared to analysts' expectations of $21.66 million. As a group, equities research analysts expect that First Guaranty Bancshares, Inc. will post 0.4 EPS for the current year.
First Guaranty Bancshares Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 25th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, September 25th. First Guaranty Bancshares's dividend payout ratio (DPR) is presently -1.65%.
Institutional Trading of First Guaranty Bancshares
A hedge fund recently raised its position in First Guaranty Bancshares stock. NewEdge Advisors LLC raised its stake in shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Free Report) by 1,288.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,942 shares of the bank's stock after purchasing an additional 6,442 shares during the period. NewEdge Advisors LLC's holdings in First Guaranty Bancshares were worth $56,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 39.52% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Wall Street Zen raised First Guaranty Bancshares to a "hold" rating in a research note on Saturday, June 27th. Weiss Ratings cut First Guaranty Bancshares from a "sell (d)" rating to a "sell (d-)" rating in a report on Friday, August 14th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Reduce".
Read Our Latest Report on First Guaranty Bancshares
First Guaranty Bancshares Company Profile
(
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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