First Guaranty Bancshares (NASDAQ:FGBI) Director Marshall Reynolds Purchases 32,176 Shares

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Marshall Reynolds bought 32,176 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was purchased at an average price of $7.77 per share, for a total transaction of $250,007.52. Following the completion of the purchase, the director directly owned 2,025,997 shares in the company, valued at $15,741,996.69. The trade was a 1.61% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

First Guaranty Bancshares Stock Up 4.4%

First Guaranty Bancshares stock opened at $9.20 on Friday. 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 fifty-two week low of $4.31 and a fifty-two week high of $10.55. The firm has a fifty day moving average price of $8.71 and a two-hundred day moving average price of $7.39. The firm has a market cap of $145.27 million, a price-to-earnings ratio of -2.37 and a beta of 0.32.

First Guaranty Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 27th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, March 27th. First Guaranty Bancshares’s payout ratio is currently -1.03%.

Wall Street Analyst Weigh In

Several brokerages have commented on FGBI. Weiss Ratings reaffirmed a “sell (d)” rating on shares of First Guaranty Bancshares in a research report on Thursday, January 22nd. Zacks Research upgraded shares of First Guaranty Bancshares from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, First Guaranty Bancshares has an average rating of “Reduce”.

Hedge Funds Weigh In On First Guaranty Bancshares

Several large investors have recently added to or reduced their stakes in FGBI. Empowered Funds LLC lifted its position 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 acquiring an additional 3,742 shares during the period. Acadian Asset Management LLC increased its position in shares of 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 during the period. Renaissance Technologies LLC raised its stake in shares of First Guaranty Bancshares by 60.1% in the fourth 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 in the last quarter. Finally, Barclays PLC lifted its position in First Guaranty Bancshares by 135.6% in the fourth quarter. Barclays PLC now owns 11,478 shares of the bank’s stock worth $62,000 after purchasing an additional 6,606 shares during the period. Institutional investors and hedge funds own 39.52% of the company’s stock.

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.