Marshall Reynolds Buys 32,176 Shares of First Guaranty Bancshares (NASDAQ:FGBI) Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Marshall Reynolds purchased 32,176 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were purchased at an average price of $7.77 per share, with a total value of $250,007.52. Following the acquisition, the director directly owned 2,025,997 shares in the company, valued at $15,741,996.69. This represents a 1.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

First Guaranty Bancshares Price Performance

NASDAQ:FGBI traded up $0.39 during trading hours on Thursday, reaching $9.20. The stock had a trading volume of 34,623 shares, compared to its average volume of 14,950. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.88 and a current ratio of 0.88. First Guaranty Bancshares, Inc. has a 52 week low of $4.31 and a 52 week high of $10.55. The company has a 50 day moving average price of $8.69 and a two-hundred day moving average price of $7.37. The stock has a market capitalization of $141.25 million, a PE ratio of -2.37 and a beta of 0.31.

First Guaranty Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 27th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. First Guaranty Bancshares’s dividend payout ratio (DPR) is -1.03%.

Institutional Investors Weigh In On First Guaranty Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its stake in shares of First Guaranty Bancshares by 8.8% in 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 during the last quarter. Acadian Asset Management LLC increased its position in shares of 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 during the last quarter. Barclays PLC increased its position in shares of First Guaranty Bancshares by 135.6% during the 4th quarter. Barclays PLC now owns 11,478 shares of the bank’s stock valued at $62,000 after purchasing an additional 6,606 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in First Guaranty Bancshares by 60.1% during the 4th quarter. Renaissance Technologies LLC now owns 28,347 shares of the bank’s stock valued at $152,000 after buying an additional 10,641 shares during the period. 39.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FGBI shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of First Guaranty Bancshares in a research note on Thursday, January 22nd. Zacks Research raised shares of First Guaranty Bancshares from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

First Guaranty Bancshares Company Profile

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.