LPL Financial LLC Acquires Shares of 35,242 First Guaranty Bancshares, Inc. (NASDAQ:FGBI)

LPL Financial LLC bought a new stake in shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 35,242 shares of the bank’s stock, valued at approximately $400,000. LPL Financial LLC owned 0.28% of First Guaranty Bancshares as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Empowered Funds LLC boosted its position in First Guaranty Bancshares by 4.9% during the fourth quarter. Empowered Funds LLC now owns 42,306 shares of the bank’s stock valued at $481,000 after purchasing an additional 1,968 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in First Guaranty Bancshares in the 4th quarter worth about $122,000. Finally, Geode Capital Management LLC raised its stake in shares of First Guaranty Bancshares by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 68,788 shares of the bank’s stock worth $733,000 after purchasing an additional 5,070 shares in the last quarter. 39.52% of the stock is currently owned by hedge funds and other institutional investors.

First Guaranty Bancshares Stock Up 2.1 %

Shares of First Guaranty Bancshares stock opened at $10.34 on Friday. The stock has a 50-day simple moving average of $8.18 and a 200-day simple moving average of $10.26. First Guaranty Bancshares, Inc. has a 52-week low of $6.56 and a 52-week high of $15.25. The firm has a market cap of $129.30 million, a price-to-earnings ratio of 12.77 and a beta of 0.37. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.91 and a quick ratio of 0.91.

First Guaranty Bancshares (NASDAQ:FGBI) last posted its earnings results on Monday, February 3rd. The bank reported $0.03 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.13). First Guaranty Bancshares had a return on equity of 5.62% and a net margin of 5.04%. On average, equities research analysts expect that First Guaranty Bancshares, Inc. will post 0.89 earnings per share for the current fiscal year.

First Guaranty Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Thursday, March 27th. First Guaranty Bancshares’s payout ratio is 4.94%.

Insider Buying and Selling at First Guaranty Bancshares

In other news, Director Edgar R. Smith III acquired 98,460 shares of First Guaranty Bancshares stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average cost of $8.47 per share, for a total transaction of $833,956.20. Following the completion of the purchase, the director now owns 98,460 shares of the company’s stock, valued at $833,956.20. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bruce Mcanally acquired 24,615 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average cost of $8.47 per share, with a total value of $208,489.05. Following the completion of the acquisition, the director now owns 145,839 shares in the company, valued at $1,235,256.33. This trade represents a 20.31 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 123,175 shares of company stock worth $1,043,292 over the last three months. Corporate insiders own 46.40% of the company’s stock.

First Guaranty Bancshares Profile

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.