Bank of New York Mellon Corp acquired a new stake in First Guaranty Bancshares, Inc. (NASDAQ:FGBI) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,976 shares of the bank’s stock, valued at approximately $299,000. Bank of New York Mellon Corp owned about 0.14% of First Guaranty Bancshares at the end of the most recent reporting period.
In other First Guaranty Bancshares news, Director William K. Hood acquired 3,285 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was bought at an average price of $27.00 per share, with a total value of $88,695.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 42.70% of the stock is currently owned by insiders.
Separately, Sandler O’Neill set a $29.00 price objective on shares of First Guaranty Bancshares and gave the stock a “hold” rating in a research report on Wednesday, August 30th.
First Guaranty Bancshares, Inc. (NASDAQ:FGBI) opened at $25.68 on Monday. First Guaranty Bancshares, Inc. has a fifty-two week low of $17.65 and a fifty-two week high of $29.35. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.28.
First Guaranty Bancshares (NASDAQ:FGBI) last released its earnings results on Monday, October 30th. The bank reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01). First Guaranty Bancshares had a return on equity of 9.77% and a net margin of 18.41%.
First Guaranty Bancshares 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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