First Guaranty Bancshares (NASDAQ:FGBI) Director Bruce Mcanally Buys 32,176 Shares

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Bruce Mcanally acquired 32,176 shares of First Guaranty Bancshares stock in a transaction dated Tuesday, March 31st. The stock was purchased at an average cost of $7.77 per share, for a total transaction of $250,007.52. Following the completion of the purchase, the director owned 332,536 shares in the company, valued at approximately $2,583,804.72. The trade was a 10.71% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

First Guaranty Bancshares Trading Up 4.4%

NASDAQ FGBI traded up $0.39 during mid-day trading on Thursday, reaching $9.20. 34,623 shares of the stock were exchanged, compared to its average volume of 14,950. The stock has a market cap of $141.25 million, a P/E ratio of -2.37 and a beta of 0.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.88 and a quick ratio of 0.88. First Guaranty Bancshares, Inc. has a one year low of $4.31 and a one year high of $10.55. The stock has a 50 day simple moving average of $8.69 and a 200-day simple moving average of $7.37.

First Guaranty Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 27th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, March 27th. First Guaranty Bancshares’s dividend payout ratio (DPR) is presently -1.03%.

Hedge Funds Weigh In On First Guaranty Bancshares

Several institutional investors have recently made changes to their positions in the stock. Barclays PLC boosted 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 purchasing an additional 6,606 shares in the last quarter. Renaissance Technologies LLC increased its position in First Guaranty Bancshares by 60.1% in the 4th quarter. Renaissance Technologies LLC now owns 28,347 shares of the bank’s stock valued at $152,000 after buying an additional 10,641 shares in the last quarter. Acadian Asset Management LLC increased its position 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 raised its stake in First Guaranty Bancshares by 8.8% during the 1st quarter. Empowered Funds LLC now owns 46,048 shares of the bank’s stock worth $355,000 after buying an additional 3,742 shares during the period. Institutional investors and hedge funds own 39.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have 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 reaffirmed a “sell (d)” rating on shares of First Guaranty Bancshares in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.