First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Buys $27,360.00 in Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report) Director Robert W. Walker acquired 3,000 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was acquired at an average cost of $9.12 per share, for a total transaction of $27,360.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $91,200. The trade was a 42.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

First Guaranty Bancshares Stock Performance

FGBI remained flat at $8.85 during midday trading on Friday. 19,454 shares of the company's stock traded hands, compared to its average volume of 13,161. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $114.06 million, a P/E ratio of 10.93 and a beta of 0.43. First Guaranty Bancshares, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $15.25. The stock's 50-day moving average price is $8.96 and its 200 day moving average price is $10.06.

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 (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.71). The company had revenue of $56.82 million for the quarter, compared to analysts' expectations of $27.90 million. First Guaranty Bancshares had a net margin of 5.04% and a return on equity of 5.62%. Equities research analysts anticipate that First Guaranty Bancshares, Inc. will post 0.89 earnings per share for the current year.

First Guaranty Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, June 23rd. First Guaranty Bancshares's payout ratio is 30.77%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On First Guaranty Bancshares

Hedge funds have recently modified their holdings of the business. Arkadios Wealth Advisors raised its position in shares of First Guaranty Bancshares by 14.0% in the first quarter. Arkadios Wealth Advisors now owns 12,236 shares of the bank's stock valued at $94,000 after buying an additional 1,502 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of First Guaranty Bancshares in the fourth quarter valued at about $149,000. Citadel Advisors LLC raised its position in shares of 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 buying an additional 2,894 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of First Guaranty Bancshares in the fourth quarter valued at about $172,000. Finally, 683 Capital Management LLC acquired a new stake in shares of First Guaranty Bancshares in the fourth quarter valued at about $296,000. 39.52% of the stock is currently owned by institutional investors and hedge funds.

First Guaranty Bancshares Company Profile

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.