First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Bruce Mcanally Buys 24,615 Shares

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

First Guaranty Bancshares Price Performance

Shares of NASDAQ:FGBI opened at $7.73 on Thursday. The firm has a market cap of $96.66 million, a price-to-earnings ratio of 9.54 and a beta of 0.37. First Guaranty Bancshares, Inc. has a 1 year low of $6.56 and a 1 year high of $15.25. 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 business has a fifty day simple moving average of $8.77 and a 200 day simple moving average of $10.51.

First Guaranty Bancshares (NASDAQ:FGBI) last posted its quarterly earnings results on Monday, February 3rd. The bank reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 predict that First Guaranty Bancshares, Inc. will post 0.89 earnings per share for the current fiscal year.

First Guaranty Bancshares Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Arkadios Wealth Advisors acquired a new stake in shares of First Guaranty Bancshares in the 4th quarter valued at $122,000. Ameriprise Financial Inc. bought a new position in First Guaranty Bancshares during the fourth quarter valued at about $149,000. Citadel Advisors LLC lifted its position in shares of First Guaranty Bancshares by 26.9% in the fourth quarter. Citadel Advisors LLC now owns 13,661 shares of the bank’s stock worth $155,000 after buying an additional 2,894 shares during the last quarter. Millennium Management LLC bought a new stake in shares of First Guaranty Bancshares during the 4th quarter worth about $172,000. Finally, 683 Capital Management LLC bought a new stake in shares of First Guaranty Bancshares during the 4th quarter worth about $296,000. Institutional investors and hedge funds 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.