Insider Buying: First Guaranty Bancshares (NASDAQ:FGBI) Director Purchases $34,050.00 in Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Robert Walker bought 7,500 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was acquired at an average cost of $4.54 per share, with a total value of $34,050.00. Following the transaction, the director owned 45,376 shares in the company, valued at $206,007.04. The trade was a 19.80% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

First Guaranty Bancshares Stock Performance

NASDAQ:FGBI traded up $0.21 during trading hours on Thursday, reaching $4.70. The company had a trading volume of 28,156 shares, compared to its average volume of 14,431. The firm has a market cap of $72.15 million, a price-to-earnings ratio of -1.14 and a beta of 0.36. First Guaranty Bancshares, Inc. has a 52 week low of $4.31 and a 52 week high of $13.06. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.99. The firm’s 50 day moving average price is $6.56 and its 200-day moving average price is $7.74.

First Guaranty Bancshares (NASDAQ:FGBI) last released its quarterly earnings results on Friday, October 31st. The bank reported ($3.01) earnings per share for the quarter. The business had revenue of $24.10 million during the quarter. First Guaranty Bancshares had a negative return on equity of 20.76% and a negative net margin of 25.11%. On average, analysts forecast that First Guaranty Bancshares, Inc. will post 0.89 EPS for the current year.

First Guaranty Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 26th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $0.04 annualized dividend and a dividend yield of 0.9%. First Guaranty Bancshares’s dividend payout ratio (DPR) is -0.97%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of First Guaranty Bancshares in a research report on Wednesday, October 8th. Zacks Research upgraded shares of First Guaranty Bancshares from a “strong sell” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Guaranty Bancshares stock. Empowered Funds LLC boosted its position in shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBI) by 8.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,048 shares of the bank’s stock after purchasing an additional 3,742 shares during the period. Empowered Funds LLC owned about 0.37% of First Guaranty Bancshares worth $355,000 as of its most recent SEC filing. Institutional investors own 39.52% of the company’s stock.

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.