First Guaranty Bancshares (NASDAQ:FGBI) Director Purchases $34,050.00 in Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Robert Walker acquired 7,500 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were purchased at an average cost of $4.54 per share, with a total value of $34,050.00. Following the completion of the transaction, the director owned 45,376 shares in the company, valued at approximately $206,007.04. The trade was a 19.80% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

First Guaranty Bancshares Stock Performance

NASDAQ:FGBI opened at $4.77 on Friday. First Guaranty Bancshares, Inc. has a 12 month low of $4.31 and a 12 month high of $13.06. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $73.22 million, a PE ratio of -1.15 and a beta of 0.36. The business’s fifty day moving average price is $6.41 and its 200 day moving average price is $7.68.

First Guaranty Bancshares (NASDAQ:FGBI) last issued its earnings results on Friday, October 31st. The bank reported ($3.01) earnings per share for the quarter. The business had revenue of $24.10 million for the quarter. First Guaranty Bancshares had a negative return on equity of 20.76% and a negative net margin of 25.11%. On average, sell-side analysts anticipate that First Guaranty Bancshares, Inc. will post 0.89 earnings per share for the current fiscal year.

First Guaranty Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 26th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, December 26th. First Guaranty Bancshares’s payout ratio is presently -0.97%.

Analysts Set New Price Targets

FGBI has been the topic of several research reports. Weiss Ratings reissued a “sell (d)” rating on shares of First Guaranty Bancshares in a research report on Wednesday, October 8th. Zacks Research raised First Guaranty Bancshares from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Guaranty Bancshares stock. Empowered Funds LLC grew its stake in shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBI) by 8.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,048 shares of the bank’s stock after buying an additional 3,742 shares during the period. Empowered Funds LLC owned 0.37% of First Guaranty Bancshares worth $355,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 39.52% of the company’s stock.

About First Guaranty Bancshares

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.