First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director William K. Hood bought 18,987 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were purchased at an average cost of $29.00 per share, for a total transaction of $550,623.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of First Guaranty Bancshares, Inc. (FGBI) traded up $0.56 on Thursday, hitting $29.47. The stock had a trading volume of 11,800 shares, compared to its average volume of 10,387. The firm has a market cap of $231.49, a P/E ratio of 17.96 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.27. First Guaranty Bancshares, Inc. has a fifty-two week low of $20.41 and a fifty-two week high of $29.95.

First Guaranty Bancshares (NASDAQ:FGBI) last announced its earnings results on Monday, October 30th. The bank reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). First Guaranty Bancshares had a return on equity of 9.29% and a net margin of 17.30%.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Tuesday, December 19th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Monday, December 18th. First Guaranty Bancshares’s payout ratio is currently 39.75%.

A number of research firms recently weighed in on FGBI. ValuEngine downgraded First Guaranty Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Sandler O’Neill set a $29.00 target price on First Guaranty Bancshares and gave the stock a “hold” rating in a research report on Wednesday, August 30th.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of First Guaranty Bancshares by 142.5% during the 2nd quarter. Vanguard Group Inc. now owns 78,681 shares of the bank’s stock valued at $2,143,000 after acquiring an additional 46,235 shares during the last quarter. Kennedy Capital Management Inc. raised its position in shares of First Guaranty Bancshares by 138.7% during the 2nd quarter. Kennedy Capital Management Inc. now owns 68,353 shares of the bank’s stock valued at $1,862,000 after acquiring an additional 39,715 shares during the last quarter. State Street Corp bought a new stake in shares of First Guaranty Bancshares during the 2nd quarter valued at $979,000. Northern Trust Corp bought a new stake in shares of First Guaranty Bancshares during the 2nd quarter valued at $919,000. Finally, Advisor Group Inc. bought a new stake in shares of First Guaranty Bancshares during the 2nd quarter valued at $506,000. Hedge funds and other institutional investors own 11.65% of the company’s stock.

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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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