First Guaranty Bancshares (NASDAQ:FGBI) Releases Earnings Results, Misses Expectations By $0.71 EPS

First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) posted its quarterly earnings results on Monday. The bank reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.71), Zacks reports. First Guaranty Bancshares had a return on equity of 5.62% and a net margin of 5.04%. The company had revenue of $56.82 million during the quarter, compared to the consensus estimate of $27.90 million.

First Guaranty Bancshares Trading Down 2.0%

Shares of FGBI traded down $0.19 during trading hours on Thursday, hitting $9.43. The company had a trading volume of 12,526 shares, compared to its average volume of 13,103. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.91. The firm has a market cap of $117.92 million, a P/E ratio of 11.64 and a beta of 0.43. First Guaranty Bancshares has a 52-week low of $6.56 and a 52-week high of $15.25. The stock's 50 day moving average price is $8.50 and its 200 day moving average price is $10.19.

First Guaranty Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.42%. First Guaranty Bancshares's payout ratio is 4.94%.

Insider Buying and Selling

In related news, Director Edgar R. Smith III purchased 98,460 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average cost of $8.47 per share, with a total value of $833,956.20. Following the transaction, the director now directly owns 98,460 shares in the company, valued at $833,956.20. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce Mcanally purchased 24,615 shares of the company's stock in a transaction dated Monday, March 31st. The stock was bought at an average cost of $8.47 per share, for a total transaction of $208,489.05. Following the completion of the transaction, the director now owns 145,839 shares in the company, valued at approximately $1,235,256.33. This represents a 20.31% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 123,175 shares of company stock valued at $1,043,292 over the last ninety days. 46.40% of the stock is owned by insiders.

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.