First Guaranty Bancshares (NASDAQ:FGBI) Director Bruce Mcanally Purchases 109,051 Shares

Key Points

• Director Bruce Mcanally purchased 109,051 shares on April 30 at an average price of $9.17 (total ≈$999,998), raising his holdings to 441,587 shares — a 32.79% increase in his stake.
• First Guaranty reported $0.14 EPS for the quarter versus $0.07 expected, but still shows weak fundamentals with a -16.79% ROE and -21.47% net margin; the stock recently traded at $9.00 and carries mixed analyst sentiment (average "Reduce").

First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report) Director Bruce Mcanally purchased 109,051 shares of the stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of $9.17 per share, with a total value of $999,997.67. Following the completion of the purchase, the director owned 441,587 shares in the company, valued at $4,049,352.79. The trade was a 32.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Bruce Mcanally also recently made the following trade(s):

• On Tuesday, March 31st, Bruce Mcanally purchased 32,176 shares of First Guaranty Bancshares stock. The stock was bought at an average cost of $7.77 per share, with a total value of $250,007.52.

First Guaranty Bancshares Stock Down 2.7%

NASDAQ FGBI traded down $0.25 during trading hours on Monday, reaching $9.00. 40,022 shares of the company's stock were exchanged, compared to its average volume of 20,909. The company's 50-day moving average is $8.94 and its two-hundred day moving average is $7.52. First Guaranty Bancshares, Inc. has a one year low of $4.31 and a one year high of $10.07. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $142.11 million, a price-to-earnings ratio of -2.81 and a beta of 0.44.

First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) last posted its earnings results on Monday, April 27th. The bank reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.07. First Guaranty Bancshares had a negative return on equity of 16.79% and a negative net margin of 21.47%.The business had revenue of $22.90 million during the quarter, compared to analysts' expectations of $22.15 million. On average, analysts forecast that First Guaranty Bancshares, Inc. will post 0.4 EPS for the current fiscal year.

First Guaranty Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 27th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, March 27th. First Guaranty Bancshares's dividend payout ratio is presently -1.25%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of First Guaranty Bancshares in a research note on Tuesday, April 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Reduce".

Institutional Investors Weigh In On First Guaranty Bancshares

Large investors have recently made changes to their positions in the stock. Barclays PLC boosted its holdings in shares of First Guaranty Bancshares by 135.6% in the 4th quarter. Barclays PLC now owns 11,478 shares of the bank's stock valued at $62,000 after buying an additional 6,606 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of First Guaranty Bancshares by 60.1% in the 4th quarter. Renaissance Technologies LLC now owns 28,347 shares of the bank's stock valued at $152,000 after buying an additional 10,641 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of First Guaranty Bancshares by 8.8% in the 1st quarter. Empowered Funds LLC now owns 46,048 shares of the bank's stock valued at $355,000 after buying an additional 3,742 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of First Guaranty Bancshares by 11.1% in the 1st quarter. Acadian Asset Management LLC now owns 49,565 shares of the bank's stock valued at $379,000 after buying an additional 4,956 shares during the last quarter. Institutional investors and hedge funds own 39.52% of the company's stock.

About First Guaranty Bancshares

First Guaranty Bancshares, Inc is a financial holding company headquartered in Hammond, Louisiana. Through its principal subsidiary, First Guaranty Bank, the company provides a diversified range of commercial and retail banking services. Founded in 1932, First Guaranty Bancshares has grown from a community mutual bank into a publicly traded institution listed on the Nasdaq under the ticker FGBI.

The company's core business activities encompass traditional deposit products and lending solutions.

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