First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Acquires $833,956.20 in Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report) Director Edgar R. Smith III acquired 98,460 shares of First Guaranty Bancshares stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average cost of $8.47 per share, with a total value of $833,956.20. Following the completion of the purchase, the director now owns 98,460 shares of the company's stock, valued at approximately $833,956.20. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

First Guaranty Bancshares Price Performance

Shares of NASDAQ FGBI traded down $0.07 during mid-day trading on Monday, reaching $7.63. The company's stock had a trading volume of 11,490 shares, compared to its average volume of 12,020. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.91 and a quick ratio of 0.91. First Guaranty Bancshares, Inc. has a 52 week low of $6.56 and a 52 week high of $15.25. The stock has a fifty day moving average of $8.61 and a two-hundred day moving average of $10.45. The firm has a market capitalization of $95.41 million, a PE ratio of 9.42 and a beta of 0.37.

First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The bank reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.13). First Guaranty Bancshares had a return on equity of 5.62% and a net margin of 5.04%. As a group, sell-side analysts anticipate that First Guaranty Bancshares, Inc. will post 0.89 EPS for the current fiscal year.

First Guaranty Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.52%. First Guaranty Bancshares's dividend payout ratio is currently 4.94%.

Institutional Trading of First Guaranty Bancshares

Several hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in shares of First Guaranty Bancshares by 8.0% in the third quarter. Geode Capital Management LLC now owns 68,788 shares of the bank's stock worth $733,000 after purchasing an additional 5,070 shares during the last quarter. Empowered Funds LLC grew its holdings in First Guaranty Bancshares by 4.9% during the 4th quarter. Empowered Funds LLC now owns 42,306 shares of the bank's stock valued at $481,000 after buying an additional 1,968 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in First Guaranty Bancshares in the 4th quarter worth approximately $122,000. Millennium Management LLC bought a new stake in First Guaranty Bancshares in the 4th quarter worth approximately $172,000. Finally, Citadel Advisors LLC raised its holdings in shares of First Guaranty Bancshares by 26.9% during the 4th quarter. Citadel Advisors LLC now owns 13,661 shares of the bank's stock worth $155,000 after acquiring an additional 2,894 shares in the last quarter. Hedge funds and other institutional investors own 39.52% of the company's stock.

About First Guaranty Bancshares

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.