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

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Bruce Mcanally purchased 32,176 shares of the 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 acquisition, the director owned 332,536 shares of the company’s stock, valued at approximately $2,583,804.72. This represents a 10.71% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

First Guaranty Bancshares Price Performance

FGBI stock opened at $9.20 on Friday. The firm has a 50 day moving average of $8.71 and a 200-day moving average of $7.39. The firm has a market capitalization of $145.27 million, a P/E ratio of -2.37 and a beta of 0.32. First Guaranty Bancshares, Inc. has a 12 month low of $4.31 and a 12 month high of $10.55. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.99.

First Guaranty Bancshares Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently issued reports on FGBI. Zacks Research upgraded First Guaranty Bancshares from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Weiss Ratings reissued a “sell (d)” rating on shares of First Guaranty Bancshares in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, First Guaranty Bancshares has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FGBI. Acadian Asset Management LLC raised its position in First Guaranty Bancshares by 11.1% during the first quarter. Acadian Asset Management LLC now owns 49,565 shares of the bank’s stock valued at $379,000 after purchasing an additional 4,956 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of First Guaranty Bancshares by 8.8% in the 1st quarter. Empowered Funds LLC now owns 46,048 shares of the bank’s stock worth $355,000 after purchasing an additional 3,742 shares in the last quarter. Renaissance Technologies LLC increased 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 valued at $152,000 after purchasing an additional 10,641 shares during the last quarter. Finally, Barclays PLC increased 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 valued at $62,000 after purchasing an additional 6,606 shares during the last quarter. 39.52% of the stock is currently owned by hedge funds and other institutional investors.

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.