First Guaranty Bancshares (NASDAQ:FGBI) Director Bruce Mcanally Buys 860 Shares

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Bruce Mcanally bought 860 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was purchased at an average cost of $17.74 per share, with a total value of $15,256.40. Following the completion of the acquisition, the director directly owned 570 shares of the company’s stock, valued at approximately $10,111.80. The trade was a -296.55% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Bruce Mcanally also recently made the following trade(s):

• On Thursday, September 17th, Bruce Mcanally bought 500 shares of First Guaranty Bancshares stock. The stock was purchased at an average price of $17.60 per share, for a total transaction of $8,800.00.
• On Wednesday, September 16th, Bruce Mcanally purchased 20 shares of First Guaranty Bancshares stock. The shares were purchased at an average price of $17.60 per share, for a total transaction of $352.00.
• On Wednesday, September 9th, Bruce Mcanally purchased 250 shares of First Guaranty Bancshares stock. The shares were purchased at an average cost of $18.25 per share, with a total value of $4,562.50.
• On Tuesday, September 8th, Bruce Mcanally acquired 500 shares of First Guaranty Bancshares stock. The stock was purchased at an average price of $18.40 per share, with a total value of $9,200.00.
• On Wednesday, September 2nd, Bruce Mcanally acquired 200 shares of First Guaranty Bancshares stock. The stock was purchased at an average price of $18.75 per share, with a total value of $3,750.00.
• On Monday, August 31st, Bruce Mcanally acquired 200 shares of First Guaranty Bancshares stock. The stock was acquired at an average cost of $19.00 per share, for a total transaction of $3,800.00.
• On Friday, July 24th, Bruce Mcanally bought 199 shares of First Guaranty Bancshares stock. The shares were acquired at an average price of $19.50 per share, for a total transaction of $3,880.50.
• On Thursday, July 16th, Bruce Mcanally bought 1 shares of First Guaranty Bancshares stock. The shares were acquired at an average price of $19.50 per share, for a total transaction of $19.50.
• On Monday, June 22nd, Bruce Mcanally bought 200 shares of First Guaranty Bancshares stock. The stock was acquired at an average cost of $20.00 per share, with a total value of $4,000.00.

First Guaranty Bancshares Stock Down 0.3%

FGBI stock opened at $8.65 on Friday. The stock has a market capitalization of $143.07 million, a P/E ratio of -3.57 and a beta of 0.42. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.73 and a quick ratio of 0.73. First Guaranty Bancshares, Inc. has a 1-year low of $4.31 and a 1-year high of $11.02. The business has a fifty day moving average price of $8.91 and a 200-day moving average price of $9.21.

First Guaranty Bancshares (NASDAQ:FGBI) last released its quarterly earnings data on Monday, July 27th. The bank reported $0.17 EPS for the quarter, beating the consensus estimate of $0.09 by $0.08. First Guaranty Bancshares had a negative return on equity of 12.25% and a negative net margin of 16.83%.The company had revenue of $24.18 million for the quarter, compared to analysts’ expectations of $21.66 million. Equities analysts forecast that First Guaranty Bancshares, Inc. will post 0.4 earnings per share for the current fiscal year.

First Guaranty Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 25th will be paid a $0.01 dividend. The ex-dividend date is Friday, September 25th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.5%. First Guaranty Bancshares’s payout ratio is currently -1.65%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FGBI shares. Wall Street Zen upgraded shares of First Guaranty Bancshares to a “hold” rating in a research report on Saturday, June 27th. Weiss Ratings lowered shares of First Guaranty Bancshares from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, First Guaranty Bancshares has a consensus rating of “Reduce”.

Institutional Investors Weigh In On First Guaranty Bancshares

An institutional investor recently raised its stake in First Guaranty Bancshares stock. NewEdge Advisors LLC lifted its holdings in First Guaranty Bancshares, Inc. (NASDAQ:FGBI) by 1,288.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,942 shares of the bank’s stock after purchasing 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. Hedge funds and other institutional investors own 39.52% of the company’s stock.

About First Guaranty Bancshares

First Guaranty Bancshares, Inc is a bank holding company headquartered in Hammond, Louisiana. Through its principal subsidiary, First Guaranty Bank, the company provides community banking services to individuals, businesses and organizations.

First Guaranty Bank offers deposit products such as checking, savings and money market accounts, certificates of deposit and business deposits. Its lending activities include commercial and industrial loans, commercial real estate financing, construction and development loans, residential real estate loans, agricultural lending and consumer loans.

The bank also provides treasury management, online and mobile banking, cash management and other financial services.