Insider Buying: First Guaranty Banchshares Inc. (FGBI) Director Acquires 387,184 Shares of Stock
First Guaranty Banchshares Inc. (NASDAQ:FGBI) Director Edgar R. Smith III bought 387,184 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The shares were bought at an average cost of $16.50 per share, with a total value of $6,388,536.00. Following the completion of the purchase, the director now directly owns 175,471 shares of the company’s stock, valued at approximately $2,895,271.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
First Guaranty Banchshares Inc. (NASDAQ:FGBI) opened at 16.2449 on Thursday. The stock has a market capitalization of $123.61 million, a PE ratio of 8.1797 and a beta of 0.49. The company’s 50-day moving average is $16.14 and its 200 day moving average is $15.96. First Guaranty Banchshares Inc. has a 1-year low of $14.60 and a 1-year high of $21.73.
First Guaranty Banchshares (NASDAQ:FGBI) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.41 by $0.17. First Guaranty Banchshares had a net margin of 21.87% and a return on equity of 12.39%. Equities analysts predict that First Guaranty Banchshares Inc. will post $1.82 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Tuesday, September 20th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Friday, September 16th.
Separately, TheStreet raised shares of First Guaranty Banchshares from a “hold” rating to a “buy” rating in a research note on Friday, August 12th.
First Guaranty Banchshares Company Profile
First Guaranty Bancshares, Inc is a bank holding company. The Company operates through its owned subsidiary, First Guaranty Bank (the Bank). The Bank offers personalized commercial banking services to Louisiana customers, through approximately 20 banking facilities located in the Market Services Areas (MSAs).
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