First Guaranty Bancshares, Inc. (NASDAQ:FGBI) CEO Buys $10,370.00 in Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) CEO Michael Ray Mineer acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was purchased at an average price of $10.37 per share, with a total value of $10,370.00. Following the completion of the transaction, the chief executive officer now directly owns 1,368 shares of the company’s stock, valued at approximately $14,186.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

First Guaranty Bancshares Price Performance

FGBI stock opened at $10.50 on Friday. The firm has a 50 day moving average of $9.72 and a 200-day moving average of $10.57. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.03. First Guaranty Bancshares, Inc. has a 12 month low of $8.39 and a 12 month high of $13.32. The firm has a market capitalization of $131.36 million, a P/E ratio of 21.43 and a beta of 0.32.

First Guaranty Bancshares (NASDAQ:FGBI) last released its quarterly earnings data on Friday, May 10th. The bank reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. First Guaranty Bancshares had a net margin of 5.53% and a return on equity of 5.90%. The company had revenue of $24.23 million during the quarter, compared to analyst estimates of $23.72 million. As a group, sell-side analysts predict that First Guaranty Bancshares, Inc. will post 0.85 earnings per share for the current fiscal year.

First Guaranty Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 25th were given a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, June 25th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.10%. First Guaranty Bancshares’s dividend payout ratio (DPR) is currently 130.61%.

Hedge Funds Weigh In On First Guaranty Bancshares

A number of large investors have recently modified their holdings of the company. Cullen Investment Group LTD. bought a new stake in First Guaranty Bancshares during the fourth quarter valued at approximately $786,000. Empowered Funds LLC lifted its position in First Guaranty Bancshares by 8.0% during the first quarter. Empowered Funds LLC now owns 37,585 shares of the bank’s stock valued at $381,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in First Guaranty Bancshares by 0.8% during the first quarter. Vanguard Group Inc. now owns 272,035 shares of the bank’s stock valued at $2,761,000 after purchasing an additional 2,200 shares during the last quarter. 39.52% of the stock is currently owned by institutional investors.

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.