Bruce Mcanally Buys 92,600 Shares of First Guaranty Bancshares (NASDAQ:FGBI) Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Bruce Mcanally bought 92,600 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was acquired at an average price of $5.40 per share, for a total transaction of $500,040.00. Following the transaction, the director owned 300,360 shares of the company’s stock, valued at approximately $1,621,944. The trade was a 44.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

First Guaranty Bancshares Price Performance

Shares of FGBI stock traded up $0.01 on Friday, reaching $5.38. The company had a trading volume of 4,648 shares, compared to its average volume of 14,717. The stock has a market capitalization of $82.58 million, a PE ratio of -1.30 and a beta of 0.33. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.99. The business’s 50-day moving average is $5.47 and its 200 day moving average is $7.34. First Guaranty Bancshares, Inc. has a one year low of $4.31 and a one year high of $11.22.

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

First Guaranty Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 26th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, December 26th. First Guaranty Bancshares’s dividend payout ratio is presently -0.97%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated 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 report on Monday, December 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Hedge Funds Weigh In On First Guaranty Bancshares

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

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.