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

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Bruce Mcanally purchased 860 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was bought at an average price of $17.74 per share, for a total transaction of $15,256.40. Following the transaction, the director directly owned 570 shares in the company, valued at $10,111.80. This trade represents a -296.55% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

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

First Guaranty Bancshares Stock Performance

FGBI traded down $0.03 during trading on Friday, hitting $8.65. The stock had a trading volume of 155,895 shares, compared to its average volume of 28,853. The firm has a market capitalization of $143.07 million, a P/E ratio of -3.57 and a beta of 0.42. 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 twelve month low of $4.31 and a twelve month high of $11.02. The company’s 50-day moving average price is $8.94 and its 200 day moving average price is $9.21.

First Guaranty Bancshares (NASDAQ:FGBI) last released its earnings results on Monday, July 27th. The bank reported $0.17 EPS for the quarter, topping the consensus estimate of $0.09 by $0.08. The company 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 research analysts forecast that First Guaranty Bancshares, Inc. will post 0.4 EPS for the current fiscal year.

First Guaranty Bancshares Announces Dividend

The company also recently disclosed 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 is Friday, September 25th. This represents a $0.04 dividend on an annualized basis and a yield of 0.5%. First Guaranty Bancshares’s dividend payout ratio (DPR) is presently -1.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FGBI shares. Wall Street Zen raised First Guaranty Bancshares to a “hold” rating in a report on Saturday, June 27th. Weiss Ratings downgraded First Guaranty Bancshares from a “sell (d)” rating to a “sell (d-)” rating in a research note 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 data from MarketBeat.com, the stock has an average rating of “Reduce”.

Hedge Funds Weigh In On First Guaranty Bancshares

An institutional investor recently raised its stake in First Guaranty Bancshares stock. NewEdge Advisors LLC increased its position in First Guaranty Bancshares, Inc. (NASDAQ:FGBI) by 1,288.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,942 shares of the bank’s stock after acquiring an additional 6,442 shares during the period. NewEdge Advisors LLC’s holdings in First Guaranty Bancshares were worth $56,000 as of its most recent SEC filing. 39.52% of the stock is currently 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.