First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Edgar R. Smith III Acquires 98,460 Shares

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Edgar R. Smith III acquired 98,460 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were bought at an average cost of $8.47 per share, with a total value of $833,956.20. Following the acquisition, the director now directly owns 98,460 shares in the company, valued at approximately $833,956.20. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

First Guaranty Bancshares Trading Up 0.3 %

FGBI traded up $0.02 on Wednesday, hitting $7.73. The company had a trading volume of 9,967 shares, compared to its average volume of 11,769. The business’s fifty day simple moving average is $8.83 and its 200 day simple moving average is $10.53. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.91. First Guaranty Bancshares, Inc. has a 12-month low of $6.56 and a 12-month high of $15.25. The company has a market cap of $96.66 million, a PE ratio of 9.54 and a beta of 0.42.

First Guaranty Bancshares (NASDAQ:FGBI) last released its quarterly earnings results on Monday, February 3rd. The bank reported $0.03 earnings per share 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%. Equities research analysts expect that First Guaranty Bancshares, Inc. will post 0.89 EPS for the current year.

First Guaranty Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.01 dividend. 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 presently 4.94%.

Institutional Investors Weigh In On First Guaranty Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FGBI. Millennium Management LLC bought a new position in shares of First Guaranty Bancshares in the 4th quarter worth $172,000. Bridgeway Capital Management LLC lifted its position in shares of First Guaranty Bancshares by 1.5% during the fourth quarter. Bridgeway Capital Management LLC now owns 82,497 shares of the bank’s stock valued at $937,000 after buying an additional 1,242 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of First Guaranty Bancshares by 26.9% in the 4th quarter. Citadel Advisors LLC now owns 13,661 shares of the bank’s stock valued at $155,000 after buying an additional 2,894 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in shares of First Guaranty Bancshares in the 4th quarter worth approximately $149,000. Finally, 683 Capital Management LLC bought a new position in shares of First Guaranty Bancshares during the 4th quarter worth approximately $296,000. Institutional investors 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.