35,242 Shares in First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Acquired by LPL Financial LLC

LPL Financial LLC bought a new stake in First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 35,242 shares of the bank's stock, valued at approximately $400,000. LPL Financial LLC owned approximately 0.28% of First Guaranty Bancshares as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FGBI. Arkadios Wealth Advisors acquired a new position in shares of First Guaranty Bancshares in the fourth quarter worth $122,000. Empowered Funds LLC increased its position in First Guaranty Bancshares by 4.9% in the 4th quarter. Empowered Funds LLC now owns 42,306 shares of the bank's stock worth $481,000 after purchasing an additional 1,968 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of First Guaranty Bancshares by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 68,788 shares of the bank's stock worth $733,000 after purchasing an additional 5,070 shares in the last quarter. Institutional investors and hedge funds own 39.52% of the company's stock.

Insider Buying and Selling

In other First Guaranty Bancshares news, Director Edgar R. Smith III acquired 98,460 shares of First Guaranty Bancshares stock in a transaction on Wednesday, April 2nd. The shares were bought at an average price of $8.47 per share, with a total value of $833,956.20. Following the completion of the purchase, the director now owns 98,460 shares in the company, valued at $833,956.20. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bruce Mcanally purchased 24,615 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was acquired at an average cost of $8.47 per share, with a total value of $208,489.05. Following the completion of the acquisition, the director now directly owns 145,839 shares of the company's stock, valued at $1,235,256.33. The trade was a 20.31 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 123,175 shares of company stock valued at $1,043,292 over the last three months. 46.40% of the stock is owned by corporate insiders.

First Guaranty Bancshares Stock Down 2.7 %

Shares of NASDAQ FGBI traded down $0.25 during trading hours on Thursday, hitting $9.15. The stock had a trading volume of 4,841 shares, compared to its average volume of 12,293. The firm's 50-day moving average price is $8.23 and its two-hundred day moving average price is $10.25. First Guaranty Bancshares, Inc. has a 52 week low of $6.56 and a 52 week high of $15.25. The company has a market capitalization of $114.42 million, a P/E ratio of 11.30 and a beta of 0.37. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.91 and a current ratio of 0.91.

First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The bank reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.13). First Guaranty Bancshares had a net margin of 5.04% and a return on equity of 5.62%. Analysts anticipate that First Guaranty Bancshares, Inc. will post 0.89 EPS for the current fiscal year.

First Guaranty Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.44%. The ex-dividend date was Thursday, March 27th. First Guaranty Bancshares's payout ratio is currently 4.94%.

First Guaranty Bancshares 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.