Robert Walker Buys 4,000 Shares of First Guaranty Bancshares (NASDAQ:FGBI) Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Robert Walker acquired 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were purchased at an average cost of $17.74 per share, for a total transaction of $70,960.00. Following the completion of the acquisition, the director directly owned 11,702 shares in the company, valued at approximately $207,593.48. This represents a 51.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

First Guaranty Bancshares Trading Down 0.3%

FGBI stock opened at $8.65 on Friday. The firm has a fifty day moving average price of $8.91 and a 200 day moving average price of $9.21. First Guaranty Bancshares, Inc. has a fifty-two week low of $4.31 and a fifty-two week high of $11.02. The firm has a market cap of $143.07 million, a PE 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 (NASDAQ:FGBI) last released its quarterly earnings data on Monday, July 27th. The bank reported $0.17 EPS for the quarter, beating the consensus estimate of $0.09 by $0.08. First Guaranty Bancshares had a negative net margin of 16.83% and a negative return on equity of 12.25%. The business had revenue of $24.18 million during the quarter, compared to analyst estimates of $21.66 million. Sell-side analysts anticipate that First Guaranty Bancshares, Inc. will post 0.4 earnings per share for the current fiscal year.

First Guaranty Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 25th will be given a dividend of $0.01 per share. 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 is -1.65%.

Institutional Trading of First Guaranty Bancshares

An institutional investor recently raised its position in First Guaranty Bancshares stock. NewEdge Advisors LLC increased its stake in First Guaranty Bancshares, Inc. (NASDAQ:FGBI) by 1,288.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,942 shares of the bank’s stock after buying 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. Hedge funds and other institutional investors own 39.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Weiss Ratings downgraded First Guaranty Bancshares from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. Wall Street Zen upgraded shares of First Guaranty Bancshares to a “hold” rating in a report on Saturday, June 27th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, First Guaranty Bancshares currently has a consensus rating of “Reduce”.

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.