First Guaranty Bancshares (NASDAQ:FGBI) Issues Quarterly Earnings Results

First Guaranty Bancshares (NASDAQ:FGBI) released its earnings results on Wednesday. The bank reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.41, FiscalAI reports. The company had revenue of $22.35 million during the quarter. First Guaranty Bancshares had a negative return on equity of 20.76% and a negative net margin of 25.11%.

First Guaranty Bancshares Stock Up 0.6%

NASDAQ FGBI traded up $0.05 during trading on Wednesday, reaching $8.44. The company’s stock had a trading volume of 4,766 shares, compared to its average volume of 24,676. The stock has a market capitalization of $129.55 million, a PE ratio of -2.04 and a beta of 0.33. The business has a 50-day moving average price of $5.93 and a 200-day moving average price of $7.23. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.99. First Guaranty Bancshares has a 1-year low of $4.31 and a 1-year high of $10.55.

First Guaranty Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 26th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, December 26th. First Guaranty Bancshares’s dividend payout ratio (DPR) is presently -0.97%.

Analysts Set New Price Targets

Several brokerages recently issued reports on FGBI. Zacks Research raised First Guaranty Bancshares from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Weiss Ratings restated a “sell (d)” rating on shares of First Guaranty Bancshares in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, First Guaranty Bancshares currently has an average rating of “Reduce”.

Insider Buying and Selling at First Guaranty Bancshares

In related news, Director Robert W. Walker purchased 7,500 shares of First Guaranty Bancshares stock in a transaction on Wednesday, December 10th. The stock was bought at an average price of $4.54 per share, with a total value of $34,050.00. Following the completion of the transaction, the director directly owned 45,376 shares of the company’s stock, valued at approximately $206,007.04. This represents a 19.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce Mcanally purchased 92,600 shares of the stock in a transaction on Wednesday, December 31st. The shares were bought at an average price of $5.40 per share, for a total transaction of $500,040.00. Following the acquisition, the director owned 300,360 shares of the company’s stock, valued at approximately $1,621,944. The trade was a 44.57% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 382,438 shares of company stock valued at $2,045,197. Corporate insiders own 47.20% of the company’s stock.

Institutional Trading of First Guaranty Bancshares

A hedge fund recently raised its stake in First Guaranty Bancshares stock. Acadian Asset Management LLC grew its stake in First Guaranty Bancshares, Inc. (NASDAQ:FGBI) by 11.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,565 shares of the bank’s stock after purchasing an additional 4,956 shares during the period. Acadian Asset Management LLC owned about 0.38% of First Guaranty Bancshares worth $379,000 as of its most recent SEC filing. 39.52% of the stock is owned by institutional investors and hedge funds.

First Guaranty Bancshares Company Profile

First Guaranty Bancshares, Inc is a financial holding company headquartered in Hammond, Louisiana. Through its principal subsidiary, First Guaranty Bank, the company provides a diversified range of commercial and retail banking services. Founded in 1932, First Guaranty Bancshares has grown from a community mutual bank into a publicly traded institution listed on the Nasdaq under the ticker FGBI.

The company’s core business activities encompass traditional deposit products and lending solutions.