First Guaranty Bancshares (NASDAQ:FGBI) Director Edgar Smith III Acquires 5,000 Shares of Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI – Get Free Report) Director Edgar Smith III purchased 5,000 shares of First Guaranty Bancshares stock in a transaction that occurred on Friday, November 6th. The stock was acquired at an average price of $11.80 per share, with a total value of $59,000.00. Following the transaction, the director owned 2,872,467 shares in the company, valued at $33,895,110.60. The trade was a 0.17% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

First Guaranty Bancshares Price Performance

Shares of NASDAQ:FGBI opened at $12.32 on Tuesday. First Guaranty Bancshares, Inc. has a one year low of $4.31 and a one year high of $12.63. The stock has a market capitalization of $203.77 million, a price-to-earnings ratio of 8.82 and a beta of 0.44. The company has a 50-day simple moving average of $8.76 and a 200-day simple moving average of $9.11. 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 – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The bank reported $0.69 EPS for the quarter, beating the consensus estimate of $0.12 by $0.57. The firm had revenue of $37.47 million during the quarter, compared to the consensus estimate 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 25th were given a $0.01 dividend. The ex-dividend date was Friday, September 25th. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. First Guaranty Bancshares’s dividend payout ratio (DPR) is presently 3.12%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of First Guaranty Bancshares from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. One equities research 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 presently has an average rating of “Reduce”.

Check Out Our Latest Stock Analysis on First Guaranty Bancshares

Institutional Trading of First Guaranty Bancshares

An institutional investor recently raised its position in First Guaranty Bancshares stock. NewEdge Advisors LLC grew its stake in shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBI – Free Report) by 1,288.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 39.52% of the company’s stock.

First Guaranty Bancshares Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for First Guaranty Bancshares (NASDAQ:FGBI)

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