Edgar R. Smith III Buys 98,460 Shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Edgar R. Smith III purchased 98,460 shares of the stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average cost of $8.47 per share, with a total value of $833,956.20. Following the acquisition, the director now owns 98,460 shares of the company’s stock, valued at approximately $833,956.20. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

First Guaranty Bancshares Stock Performance

Shares of First Guaranty Bancshares stock opened at $7.88 on Friday. The company has a 50 day moving average price of $8.72 and a 200 day moving average price of $10.49. The firm has a market capitalization of $98.54 million, a P/E ratio of 9.73 and a beta of 0.37. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.91. First Guaranty Bancshares, Inc. has a 52 week low of $6.56 and a 52 week high of $15.25.

First Guaranty Bancshares (NASDAQ:FGBI) last issued its quarterly earnings results on Monday, February 3rd. The bank reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.13). First Guaranty Bancshares had a net margin of 5.04% and a return on equity of 5.62%. Sell-side analysts expect that First Guaranty Bancshares, Inc. will post 0.89 EPS for the current year.

First Guaranty Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.01 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.51%. First Guaranty Bancshares’s dividend payout ratio (DPR) is 4.94%.

Institutional Trading of First Guaranty Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors acquired a new position in shares of First Guaranty Bancshares in the fourth quarter valued at about $122,000. Ameriprise Financial Inc. purchased a new stake in First Guaranty Bancshares in the fourth quarter valued at approximately $149,000. Citadel Advisors LLC increased its holdings in First Guaranty Bancshares by 26.9% in the 4th quarter. Citadel Advisors LLC now owns 13,661 shares of the bank’s stock worth $155,000 after buying an additional 2,894 shares during the period. Millennium Management LLC purchased a new position in First Guaranty Bancshares during the 4th quarter worth approximately $172,000. Finally, 683 Capital Management LLC acquired a new stake in First Guaranty Bancshares during the 4th quarter valued at approximately $296,000. Institutional investors and hedge funds own 39.52% of the company’s stock.

About First Guaranty Bancshares

First Guaranty Bancshares, Inc operates as the holding company for First Guaranty Bank that provides commercial banking services 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 to consumers, small businesses, and municipalities.