First Guaranty Bancshares, Inc. (NASDAQ:FGBI)’s share price were down 2.2% during mid-day trading on Monday . The stock traded as low as $20.60 and last traded at $20.60, approximately 5 shares were traded during mid-day trading. A decline of 100% from the average daily volume of 8,086 shares. The stock had previously closed at $21.06.
The firm has a market capitalization of $185.48 million, a PE ratio of 13.41 and a beta of 0.38. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s fifty day simple moving average is $21.05.
First Guaranty Bancshares (NASDAQ:FGBI) last posted its earnings results on Thursday, May 9th. The bank reported $0.36 earnings per share for the quarter. First Guaranty Bancshares had a net margin of 15.79% and a return on equity of 9.39%. The business had revenue of $15.89 million for the quarter.
In other news, Director William K. Hood bought 23,000 shares of the stock in a transaction dated Thursday, June 20th. The shares were acquired at an average price of $20.20 per share, with a total value of $464,600.00. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William K. Hood bought 5,469 shares of the stock in a transaction dated Tuesday, May 7th. The stock was purchased at an average cost of $21.04 per share, for a total transaction of $115,067.76. The disclosure for this purchase can be found here. 41.40% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of FGBI. SG Americas Securities LLC acquired a new position in First Guaranty Bancshares during the 1st quarter worth about $111,000. Geode Capital Management LLC increased its stake in First Guaranty Bancshares by 14.9% during the 4th quarter. Geode Capital Management LLC now owns 24,060 shares of the bank’s stock worth $558,000 after purchasing an additional 3,111 shares in the last quarter. Context BH Capital Management LP increased its stake in First Guaranty Bancshares by 1.2% during the 1st quarter. Context BH Capital Management LP now owns 44,484 shares of the bank’s stock worth $912,000 after purchasing an additional 549 shares in the last quarter. Northern Trust Corp increased its stake in First Guaranty Bancshares by 2.9% during the 4th quarter. Northern Trust Corp now owns 44,562 shares of the bank’s stock worth $1,035,000 after purchasing an additional 1,247 shares in the last quarter. Finally, BlackRock Inc. increased its stake in First Guaranty Bancshares by 4.0% during the 4th quarter. BlackRock Inc. now owns 219,176 shares of the bank’s stock worth $5,087,000 after purchasing an additional 8,507 shares in the last quarter. 11.37% of the stock is currently owned by institutional investors and hedge funds.
First Guaranty Bancshares Company Profile (NASDAQ:FGBI)
First Guaranty Bancshares, Inc operates as the holding company for First Guaranty Bank that provides commercial banking services to businesses, professionals, and individuals in Louisiana and Texas. It offers various deposit products, including personal and business checking, savings, money market, and demand accounts, as well as time deposits.
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