First Guaranty Bancshares (NASDAQ:FGBI) Director Buys $15,256.40 in Stock

Key Points

• Director Bruce Mcanally continued buying First Guaranty Bancshares shares, acquiring 860 shares for $15,256.40 at an average price of $17.74 and making several additional purchases in recent months.
• FGBI shares were trading at $8.65, down 0.3%, while the company reported quarterly EPS of $0.17, beating estimates of $0.09, and revenue of $24.18 million.
• Analyst sentiment remains cautious, with ratings consisting of one Hold and one Sell for a consensus “Reduce” rating; the company also declared a $0.01 quarterly dividend, representing a 0.5% annualized yield.

First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report) Director Bruce Mcanally acquired 860 shares of the firm's stock in a transaction dated Tuesday, September 15th. The shares were purchased at an average cost of $17.74 per share, with a total value of $15,256.40. Following the completion of the transaction, the director owned 570 shares in the company, valued at approximately $10,111.80. The trade was a -296.55% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, September 17th, Bruce Mcanally bought 500 shares of First Guaranty Bancshares stock. The stock was acquired at an average cost of $17.60 per share, for a total transaction of $8,800.00.
• On Wednesday, September 16th, Bruce Mcanally purchased 20 shares of First Guaranty Bancshares stock. The stock was acquired at an average price of $17.60 per share, for a total transaction of $352.00.
• On Wednesday, September 9th, Bruce Mcanally purchased 250 shares of First Guaranty Bancshares stock. The stock was acquired at an average price of $18.25 per share, for a total transaction of $4,562.50.
• On Tuesday, September 8th, Bruce Mcanally purchased 500 shares of First Guaranty Bancshares stock. The shares were acquired at an average cost of $18.40 per share, with a total value of $9,200.00.
• On Wednesday, September 2nd, Bruce Mcanally purchased 200 shares of First Guaranty Bancshares stock. The shares were acquired at an average cost of $18.75 per share, with a total value of $3,750.00.
• On Monday, August 31st, Bruce Mcanally acquired 200 shares of First Guaranty Bancshares stock. The shares were acquired at an average cost of $19.00 per share, with a total value of $3,800.00.
• On Friday, July 24th, Bruce Mcanally acquired 199 shares of First Guaranty Bancshares stock. The stock was acquired at an average price of $19.50 per share, for a total transaction of $3,880.50.
• On Thursday, July 16th, Bruce Mcanally purchased 1 shares of First Guaranty Bancshares stock. The stock was bought at an average price of $19.50 per share, for a total transaction of $19.50.
• On Monday, June 22nd, Bruce Mcanally purchased 200 shares of First Guaranty Bancshares stock. The stock was bought at an average price of $20.00 per share, for a total transaction of $4,000.00.

First Guaranty Bancshares Stock Down 0.3%

FGBI stock traded down $0.03 during midday trading on Friday, reaching $8.65. 155,895 shares of the company were exchanged, compared to its average volume of 28,853. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.73 and a current ratio of 0.73. First Guaranty Bancshares, Inc. has a 1-year low of $4.31 and a 1-year high of $11.02. The stock's 50-day simple moving average is $8.94 and its 200 day simple moving average is $9.21. The company has a market cap of $143.07 million, a price-to-earnings ratio of -3.57 and a beta of 0.42.

First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) last issued its earnings results on Monday, July 27th. The bank reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.08. The business had revenue of $24.18 million during the quarter, compared to analysts' expectations of $21.66 million. First Guaranty Bancshares had a negative net margin of 16.83% and a negative return on equity of 12.25%. On average, equities analysts forecast that First Guaranty Bancshares, Inc. will post 0.4 earnings per share for the current year.

First Guaranty Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 25th will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.04 dividend on an annualized basis and a yield of 0.5%. First Guaranty Bancshares's payout ratio is -1.65%.

Wall Street Analysts Forecast Growth

FGBI has been the topic of several research reports. Wall Street Zen raised First Guaranty Bancshares to a "hold" rating in a report on Saturday, June 27th. Weiss Ratings cut First Guaranty Bancshares from a "sell (d)" rating to a "sell (d-)" rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, First Guaranty Bancshares currently has a consensus rating of "Reduce".

Institutional Trading of First Guaranty Bancshares

An institutional investor recently raised its stake in First Guaranty Bancshares stock. NewEdge Advisors LLC raised its holdings in First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Free Report) by 1,288.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,942 shares of the bank's stock after purchasing an additional 6,442 shares during the quarter. NewEdge Advisors LLC's holdings in First Guaranty Bancshares were worth $56,000 as of its most recent filing with the SEC. 39.52% of the stock is owned by institutional investors.

About First Guaranty Bancshares

First Guaranty Bancshares, Inc is a bank holding company headquartered in Hammond, Louisiana. Through its principal subsidiary, First Guaranty Bank, the company provides community banking services to individuals, businesses and organizations.

First Guaranty Bank offers deposit products such as checking, savings and money market accounts, certificates of deposit and business deposits. Its lending activities include commercial and industrial loans, commercial real estate financing, construction and development loans, residential real estate loans, agricultural lending and consumer loans.

The bank also provides treasury management, online and mobile banking, cash management and other financial services.

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