First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Buys $250,006.50 in Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report) Director Marshall T. Reynolds bought 30,865 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was bought at an average cost of $8.10 per share, with a total value of $250,006.50. Following the transaction, the director directly owned 1,916,468 shares of the company's stock, valued at approximately $15,523,390.80. This trade represents a 1.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

First Guaranty Bancshares Stock Up 6.2%

FGBI traded up $0.51 during trading hours on Wednesday, reaching $8.73. 1,379 shares of the stock traded hands, compared to its average volume of 13,204. First Guaranty Bancshares, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $15.25. The company has a market cap of $112.52 million, a price-to-earnings ratio of 66.70 and a beta of 0.41. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.92 and a quick ratio of 0.92. The firm's fifty day simple moving average is $8.95 and its two-hundred day simple moving average is $9.28.

First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The bank reported ($0.54) earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.71). First Guaranty Bancshares had a net margin of 1.59% and a return on equity of 1.78%. The firm had revenue of $56.82 million during the quarter, compared to analysts' expectations of $27.90 million. As a group, analysts forecast that First Guaranty Bancshares, Inc. will post 0.89 earnings per share for the current fiscal year.

First Guaranty Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were paid a dividend of $0.01 per share. The ex-dividend date was Monday, June 23rd. This represents a $0.04 dividend on an annualized basis and a yield of 0.46%. First Guaranty Bancshares's dividend payout ratio (DPR) is presently 30.77%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of First Guaranty Bancshares from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th.

Institutional Investors Weigh In On First Guaranty Bancshares

A number of hedge funds have recently bought and sold shares of FGBI. Arkadios Wealth Advisors raised its position in shares of First Guaranty Bancshares by 14.0% in the 1st quarter. Arkadios Wealth Advisors now owns 12,236 shares of the bank's stock valued at $94,000 after purchasing an additional 1,502 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in First Guaranty Bancshares in the fourth quarter valued at $149,000. Citadel Advisors LLC raised its holdings in First Guaranty Bancshares by 26.9% in the fourth quarter. Citadel Advisors LLC now owns 13,661 shares of the bank's stock valued at $155,000 after acquiring an additional 2,894 shares in the last quarter. Millennium Management LLC bought a new position in First Guaranty Bancshares during the 4th quarter valued at $172,000. Finally, 683 Capital Management LLC acquired a new position in First Guaranty Bancshares during the 4th quarter worth $296,000. Institutional investors and hedge funds own 39.52% of the company's stock.

About First Guaranty Bancshares

First Guaranty Bancshares, Inc operates as the holding company for First Guaranty Bank that provides commercial banking services in Louisiana and Texas. It offers various deposit products, including personal and business checking, savings, money market, and demand accounts, as well as time deposits to consumers, small businesses, and municipalities.