First Guaranty Bancshares (NASDAQ:FGBI) Downgraded to "Sell" Rating by Wall Street Zen

First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

First Guaranty Bancshares Stock Performance

Shares of NASDAQ FGBI traded down $0.05 during midday trading on Friday, reaching $9.06. The company's stock had a trading volume of 12,795 shares, compared to its average volume of 13,532. The stock has a market capitalization of $116.70 million, a P/E ratio of 11.18 and a beta of 0.43. 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 firm has a 50 day moving average price of $8.90 and a 200-day moving average price of $10.10. First Guaranty Bancshares has a 12-month low of $6.56 and a 12-month high of $15.25.

First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The bank reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.71). First Guaranty Bancshares had a net margin of 5.04% and a return on equity of 5.62%. The business had revenue of $56.82 million during the quarter, compared to the consensus estimate of $27.90 million. As a group, equities analysts predict that First Guaranty Bancshares will post 0.89 earnings per share for the current year.

Insider Transactions at First Guaranty Bancshares

In related news, Director Robert W. Walker purchased 3,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was purchased at an average cost of $9.12 per share, with a total value of $27,360.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at approximately $91,200. The trade was a 42.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Edgar R. Smith III purchased 6,725 shares of First Guaranty Bancshares stock in a transaction dated Monday, May 12th. The stock was bought at an average price of $9.66 per share, with a total value of $64,963.50. Following the completion of the transaction, the director now owns 19,407 shares of the company's stock, valued at $187,471.62. This represents a 53.03% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 132,900 shares of company stock worth $1,135,616 over the last quarter. Corporate insiders own 47.20% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors lifted its holdings 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 worth $94,000 after buying an additional 1,502 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of First Guaranty Bancshares in the 4th quarter valued at about $149,000. Citadel Advisors LLC raised its holdings in shares of First Guaranty Bancshares by 26.9% in the 4th 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 stake in shares of First Guaranty Bancshares during the 4th quarter valued at about $172,000. Finally, 683 Capital Management LLC purchased a new position in shares of First Guaranty Bancshares during the fourth quarter worth about $296,000. Institutional investors own 39.52% of the company's stock.

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.