First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Chairman Marshall T. Reynolds sold 15,814 shares of First Guaranty Bancshares stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $28.31, for a total value of $447,694.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
First Guaranty Bancshares, Inc. (NASDAQ:FGBI) traded down $0.73 during trading hours on Friday, reaching $27.09. The company’s stock had a trading volume of 46,876 shares, compared to its average volume of 7,524. 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 one year low of $19.56 and a one year high of $29.50. The stock has a market capitalization of $232.34, a price-to-earnings ratio of 19.01 and a beta of 0.61.
First Guaranty Bancshares (NASDAQ:FGBI) last released its quarterly earnings data 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 net margin of 17.30% and a return on equity of 9.29%.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Tuesday, December 19th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.36%. The ex-dividend date is Monday, December 18th. First Guaranty Bancshares’s dividend payout ratio (DPR) is presently 39.73%.
Several hedge funds and other institutional investors have recently made changes to their positions in FGBI. Bank of New York Mellon Corp purchased a new stake in shares of First Guaranty Bancshares during the second quarter worth about $299,000. Kennedy Capital Management Inc. increased its position in shares of First Guaranty Bancshares by 138.7% during the second quarter. Kennedy Capital Management Inc. now owns 68,353 shares of the bank’s stock worth $1,862,000 after acquiring an additional 39,715 shares during the last quarter. Teachers Advisors LLC purchased a new stake in shares of First Guaranty Bancshares during the second quarter worth about $207,000. TIAA CREF Investment Management LLC purchased a new stake in shares of First Guaranty Bancshares during the second quarter worth about $284,000. Finally, Context BH Capital Management LP purchased a new stake in shares of First Guaranty Bancshares during the second quarter worth about $230,000. 11.65% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on FGBI shares. BidaskClub upgraded First Guaranty Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine lowered First Guaranty Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Sandler O’Neill set a $29.00 price objective on First Guaranty Bancshares and gave the company a “hold” rating in a research report on Wednesday, August 30th.
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First Guaranty Bancshares 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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