First Guaranty Bancshares (NASDAQ:FGBI) Stock: Insider Edgar Smith III Purchases 5,000 Shares

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Edgar Smith III purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The shares were purchased at an average cost of $11.80 per share, with a total value of $59,000.00. Following the completion of the purchase, the director 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 purchase was disclosed in a filing with the SEC, which can be accessed through this link.

First Guaranty Bancshares Stock Performance

NASDAQ:FGBI opened at $12.99 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.73 and a quick ratio of 0.73. First Guaranty Bancshares, Inc. has a 1 year low of $4.31 and a 1 year high of $13.10. The stock’s 50 day simple moving average is $8.85 and its two-hundred day simple moving average is $9.13. The company has a market cap of $214.84 million, a price-to-earnings ratio of 10.15 and a beta of 0.43.

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

First Guaranty Bancshares Announces Dividend

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

Institutional Trading of First Guaranty Bancshares

An institutional investor recently raised its position in First Guaranty Bancshares stock. NewEdge Advisors LLC lifted its position in First Guaranty Bancshares, Inc. (NASDAQ:FGBI) by 1,288.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,942 shares of the bank’s stock after acquiring 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 reporting period. Institutional investors and hedge funds own 39.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of First Guaranty Bancshares from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus 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.