First Guaranty Bancshares (NASDAQ:FGBI) Director Buys $59,000.00 in Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Edgar Smith III bought 5,000 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was purchased at an average price of $11.80 per share, with a total value of $59,000.00. Following the purchase, the director directly owned 2,872,467 shares of the company’s stock, valued at $33,895,110.60. The trade was a 0.17% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

First Guaranty Bancshares Price Performance

NASDAQ FGBI traded up $0.58 during trading hours on Monday, reaching $12.32. 76,290 shares of the company’s stock were exchanged, compared to its average volume of 28,546. The stock has a market cap of $203.77 million, a PE ratio of 9.63 and a beta of 0.43. First Guaranty Bancshares, Inc. has a one year low of $4.31 and a one year high of $12.63. The firm has a fifty day moving average of $8.68 and a 200-day moving average of $9.09. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.96.

First Guaranty Bancshares (NASDAQ:FGBI) last released its quarterly earnings results on Tuesday, October 27th. The bank reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.57. First Guaranty Bancshares had a return on equity of 10.67% and a net margin of 9.17%. The firm had revenue of $37.47 million during the quarter, compared to analysts’ expectations of $21.24 million.

First Guaranty Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 25th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, September 25th. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. First Guaranty Bancshares’s payout ratio is currently 3.12%.

Hedge Funds Weigh In On First Guaranty Bancshares

A hedge fund recently raised its stake in First Guaranty Bancshares stock. NewEdge Advisors LLC increased its stake in shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBI) by 1,288.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,942 shares of the bank’s stock after purchasing an additional 6,442 shares during the quarter. NewEdge Advisors LLC’s holdings in First Guaranty Bancshares were worth $56,000 at the end of the most recent quarter. 39.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered 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’s stock. According to MarketBeat, the company has an average rating of “Reduce”.

About First Guaranty Bancshares

First Guaranty Bancshares, Inc is a bank holding company headquartered in Hammond, Louisiana. It operates through its principal subsidiary, First Guaranty Bank, a community-focused financial institution serving individuals, businesses and organizations.

First Guaranty Bank offers traditional banking products and services, including checking and savings accounts, certificates of deposit, commercial and consumer lending, mortgage loans, online and mobile banking, cash-management services and other treasury-management solutions.