Insider Buying: First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Purchases 24,615 Shares of Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report) Director Bruce Mcanally bought 24,615 shares of the business's stock in a transaction on Monday, March 31st. The stock was bought at an average cost of $8.47 per share, with a total value of $208,489.05. Following the completion of the purchase, the director now directly owns 145,839 shares in the company, valued at approximately $1,235,256.33. The trade was a 20.31 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

First Guaranty Bancshares Trading Down 0.9 %

First Guaranty Bancshares stock traded down $0.07 during midday trading on Monday, hitting $7.63. 11,490 shares of the stock were exchanged, compared to its average volume of 12,020. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $95.41 million, a price-to-earnings ratio of 9.42 and a beta of 0.37. The stock's 50-day simple moving average is $8.61 and its 200 day simple moving average is $10.45. First Guaranty Bancshares, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $15.25.

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

First Guaranty Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Thursday, March 27th. First Guaranty Bancshares's payout ratio is 4.94%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FGBI. Arkadios Wealth Advisors purchased a new stake in shares of First Guaranty Bancshares in the 4th quarter valued at approximately $122,000. Ameriprise Financial Inc. acquired a new stake in First Guaranty Bancshares in the 4th quarter valued at approximately $149,000. Citadel Advisors LLC raised its position in First Guaranty Bancshares by 26.9% in the fourth quarter. Citadel Advisors LLC now owns 13,661 shares of the bank's stock valued at $155,000 after purchasing an additional 2,894 shares during the period. Millennium Management LLC acquired a new position in First Guaranty Bancshares during the fourth quarter worth $172,000. Finally, 683 Capital Management LLC acquired a new position in First Guaranty Bancshares during the fourth quarter worth $296,000. Institutional investors and hedge funds 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.