Robert Walker Buys 3,593 Shares of First Guaranty Bancshares (NASDAQ:FGBI) Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Robert Walker bought 3,593 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were purchased at an average cost of $19.12 per share, for a total transaction of $68,698.16. Following the completion of the transaction, the director owned 5,202 shares of the company’s stock, valued at $99,462.24. This represents a 223.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

First Guaranty Bancshares Stock Performance

FGBI traded down $0.03 on Thursday, hitting $9.10. 32,194 shares of the stock traded hands, compared to its average volume of 29,471. The business has a fifty day moving average price of $9.71 and a two-hundred day moving average price of $9.31. The company has a current ratio of 0.73, a quick ratio of 0.75 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $150.51 million, a PE ratio of -3.76 and a beta of 0.44. First Guaranty Bancshares, Inc. has a 52 week low of $4.31 and a 52 week high of $11.02.

First Guaranty Bancshares (NASDAQ:FGBI) last announced its quarterly earnings data on Monday, July 27th. The bank reported $0.17 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $21.66 million. On average, research analysts predict that First Guaranty Bancshares, Inc. will post 0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On First Guaranty Bancshares

A number of institutional investors have recently added to or reduced their stakes in FGBI. NewEdge Advisors LLC grew its stake in shares of First Guaranty Bancshares by 1,288.4% in the 1st quarter. NewEdge Advisors LLC now owns 6,942 shares of the bank’s stock valued at $56,000 after purchasing an additional 6,442 shares during the period. Barclays PLC lifted its position in shares of First Guaranty Bancshares by 135.6% during the 4th quarter. Barclays PLC now owns 11,478 shares of the bank’s stock worth $62,000 after buying an additional 6,606 shares during the period. Renaissance Technologies LLC lifted its position in shares of First Guaranty Bancshares by 60.1% during the 4th quarter. Renaissance Technologies LLC now owns 28,347 shares of the bank’s stock worth $152,000 after buying an additional 10,641 shares during the period. Acadian Asset Management LLC boosted its stake in First Guaranty Bancshares by 11.1% in the 1st quarter. Acadian Asset Management LLC now owns 49,565 shares of the bank’s stock valued at $379,000 after buying an additional 4,956 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in First Guaranty Bancshares by 8.8% in the 1st quarter. Empowered Funds LLC now owns 46,048 shares of the bank’s stock valued at $355,000 after buying an additional 3,742 shares in the last quarter. 39.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FGBI shares. Wall Street Zen upgraded shares of First Guaranty Bancshares to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings cut 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

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.