Bridgeway Capital Management LLC Increases Position in First Guaranty Bancshares, Inc. (NASDAQ:FGBI)

Bridgeway Capital Management LLC increased its stake in shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBI) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,497 shares of the bank’s stock after buying an additional 1,242 shares during the quarter. Bridgeway Capital Management LLC owned about 0.66% of First Guaranty Bancshares worth $937,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in shares of First Guaranty Bancshares by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 68,788 shares of the bank’s stock valued at $733,000 after purchasing an additional 5,070 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in First Guaranty Bancshares in the 4th quarter valued at $122,000. Empowered Funds LLC raised its position in First Guaranty Bancshares by 4.9% during the 4th quarter. Empowered Funds LLC now owns 42,306 shares of the bank’s stock worth $481,000 after buying an additional 1,968 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of First Guaranty Bancshares in the 4th quarter worth $400,000. Finally, Northern Trust Corp boosted its holdings in shares of First Guaranty Bancshares by 48.8% in the fourth quarter. Northern Trust Corp now owns 26,780 shares of the bank’s stock valued at $304,000 after acquiring an additional 8,780 shares in the last quarter. Institutional investors and hedge funds own 39.52% of the company’s stock.

First Guaranty Bancshares Trading Down 1.6 %

Shares of First Guaranty Bancshares stock opened at $9.61 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.91. The firm has a market cap of $120.17 million, a price-to-earnings ratio of 11.86 and a beta of 0.43. First Guaranty Bancshares, Inc. has a 52-week low of $6.56 and a 52-week high of $15.25. The company’s 50-day simple moving average is $8.38 and its 200-day simple moving average is $10.20.

First Guaranty Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Thursday, March 27th. First Guaranty Bancshares’s dividend payout ratio (DPR) is 4.94%.

Insider Activity

In other news, Director Bruce Mcanally purchased 24,615 shares of the firm’s stock in a transaction dated Monday, March 31st. The shares were acquired at an average price of $8.47 per share, with a total value of $208,489.05. Following the purchase, 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 purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edgar R. Smith III bought 98,460 shares of the stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average cost of $8.47 per share, for a total transaction of $833,956.20. Following the acquisition, the director now directly owns 98,460 shares of the company’s stock, valued at $833,956.20. The trade was a ? increase in their position. The disclosure for this purchase can be found here. Insiders acquired 123,175 shares of company stock valued at $1,043,292 in the last three months. 46.40% of the stock is currently owned by company insiders.

First Guaranty Bancshares Company 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.