First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director William K. Hood purchased 3,285 shares of First Guaranty Bancshares stock in a transaction dated Wednesday, November 1st. The stock was acquired at an average price of $27.00 per share, for a total transaction of $88,695.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

First Guaranty Bancshares (NASDAQ:FGBI) last issued its earnings results on Monday, October 30th. The bank reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.01). First Guaranty Bancshares had a net margin of 18.41% and a return on equity of 9.77%.

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Large investors have recently modified their holdings of the company. New York State Common Retirement Fund acquired a new stake in shares of First Guaranty Bancshares in the 2nd quarter valued at $114,000. California State Teachers Retirement System acquired a new stake in shares of First Guaranty Bancshares in the 2nd quarter valued at $188,000. Teachers Advisors LLC acquired a new stake in shares of First Guaranty Bancshares in the 2nd quarter valued at $207,000. Context BH Capital Management LP acquired a new stake in shares of First Guaranty Bancshares in the 2nd quarter valued at $230,000. Finally, ZPR Investment Management boosted its stake in shares of First Guaranty Bancshares by 2.5% in the 2nd quarter. ZPR Investment Management now owns 8,795 shares of the bank’s stock valued at $240,000 after purchasing an additional 214 shares in the last quarter. Institutional investors own 9.43% of the company’s stock.

Separately, Sandler O’Neill set a $29.00 price target on shares of First Guaranty Bancshares and gave the stock a “hold” rating in a research report on Wednesday, August 30th.

About First Guaranty Bancshares

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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