Insider Buying: First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director Buys 23,000 Shares of Stock

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Director William K. Hood bought 23,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was acquired at an average cost of $20.20 per share, with a total value of $464,600.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

First Guaranty Bancshares stock traded up $0.55 during mid-day trading on Thursday, reaching $22.37. The company’s stock had a trading volume of 10,192 shares, compared to its average volume of 5,507. The stock has a market cap of $190.15 million, a P/E ratio of 13.75 and a beta of 0.37. First Guaranty Bancshares, Inc. has a 12 month low of $19.02 and a 12 month high of $27.10. The firm’s 50 day simple moving average is $20.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.85 and a quick ratio of 0.85.

First Guaranty Bancshares (NASDAQ:FGBI) last posted its quarterly earnings results on Thursday, May 9th. The bank reported $0.36 earnings per share for the quarter. The company had revenue of $15.89 million during the quarter. First Guaranty Bancshares had a net margin of 15.79% and a return on equity of 9.39%.

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 21st were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Thursday, June 20th.

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of First Guaranty Bancshares in the first quarter worth about $111,000. Geode Capital Management LLC increased its position in shares of First Guaranty Bancshares by 14.9% in the fourth 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 during the last quarter. Context BH Capital Management LP increased its position in shares of First Guaranty Bancshares by 1.2% in the first 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 during the last quarter. Northern Trust Corp increased its position in shares of First Guaranty Bancshares by 2.9% in the fourth 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 during the last quarter. Finally, BlackRock Inc. increased its position in shares of First Guaranty Bancshares by 4.0% in the fourth quarter. BlackRock Inc. now owns 219,176 shares of the bank’s stock worth $5,087,000 after purchasing an additional 8,507 shares during the last quarter. 11.37% of the stock is currently owned by hedge funds and other institutional investors.

First Guaranty Bancshares Company Profile

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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