Robert Walker Purchases 3,593 Shares of First Guaranty Bancshares (NASDAQ:FGBI) Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Robert Walker bought 3,593 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average cost of $19.12 per share, for a total transaction of $68,698.16. Following the purchase, the director owned 5,202 shares in the company, valued at approximately $99,462.24. This trade represents a 223.31% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

First Guaranty Bancshares Stock Down 3.6%

Shares of First Guaranty Bancshares stock opened at $8.77 on Friday. The company has a fifty day moving average price of $9.65 and a 200 day moving average price of $9.31. The company has a current ratio of 0.73, a quick ratio of 0.75 and a debt-to-equity ratio of 0.96. First Guaranty Bancshares, Inc. has a twelve month low of $4.31 and a twelve month high of $11.02. The stock has a market cap of $145.06 million, a price-to-earnings ratio of -3.62 and a beta of 0.44.

First Guaranty Bancshares (NASDAQ:FGBI) last announced its quarterly 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 firm had revenue of $24.18 million during the quarter, compared to the consensus estimate of $21.66 million. First Guaranty Bancshares had a negative return on equity of 12.25% and a negative net margin of 16.83%. Equities research analysts forecast that First Guaranty Bancshares, Inc. will post 0.4 earnings per share for the current fiscal year.

Institutional Trading of First Guaranty Bancshares

Large investors have recently modified their holdings of the business. Renaissance Technologies LLC increased its position in shares of First Guaranty Bancshares by 60.1% during the fourth quarter. Renaissance Technologies LLC now owns 28,347 shares of the bank’s stock worth $152,000 after acquiring an additional 10,641 shares during the last quarter. Acadian Asset Management LLC grew its stake in First Guaranty Bancshares by 11.1% during the 1st quarter. Acadian Asset Management LLC now owns 49,565 shares of the bank’s stock valued at $379,000 after purchasing an additional 4,956 shares in the last quarter. Empowered Funds LLC grew its stake in First Guaranty Bancshares by 8.8% during the 1st quarter. Empowered Funds LLC now owns 46,048 shares of the bank’s stock valued at $355,000 after purchasing an additional 3,742 shares in the last quarter. Barclays PLC increased its holdings in First Guaranty Bancshares by 135.6% during the 4th quarter. Barclays PLC now owns 11,478 shares of the bank’s stock worth $62,000 after purchasing an additional 6,606 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in First Guaranty Bancshares by 1,288.4% during the 1st quarter. NewEdge Advisors LLC now owns 6,942 shares of the bank’s stock worth $56,000 after purchasing an additional 6,442 shares during the last quarter. 39.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on FGBI shares. Weiss Ratings lowered First Guaranty Bancshares from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. Wall Street Zen raised shares of First Guaranty Bancshares to a “hold” rating in a research report on Saturday, June 27th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

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.