First Guaranty Bancshares Directors Acquire 138,897 Shares at $5.40, Boost Stakes 2.4% and 44.6%
First Guaranty Bancshares directors Marshall Reynolds and Bruce McAnally purchased a combined 138,897 shares on December 31 at $5.40 each, valuing their acquisitions at $250,004 and $500,040 respectively. Reynolds’s holding rose 2.38% to 1,993,821 shares ($10.77 M), while McAnally increased his stake 44.6% to 300,360 shares ($1.62 M).
1. Director Marshall Reynolds Increases Stake
On December 31, First Guaranty Bancshares director Marshall Reynolds acquired 46,297 shares of the company’s common stock in a transaction valued at approximately $250,004. Following this purchase, Reynolds’ direct holdings rose to 1,993,821 shares, representing a 2.38% increase in his position and bringing the total value of his stake to roughly $10.77 million. The transaction was disclosed in an SEC filing available on the regulator’s public database.
2. Director Bruce McAnally Bolsters Position
Also on December 31, board member Bruce McAnally purchased 92,600 shares of First Guaranty Bancshares stock for a total consideration of $500,040. This move boosted his ownership from 207,760 shares to 300,360 shares, marking a 44.6% increase in his holdings and valuing his stake at about $1.62 million. The acquisition details were reported in a legal filing with the Securities and Exchange Commission.
3. Recent Financial Performance and Ratios
In the third quarter ended September 30, First Guaranty Bancshares reported revenue of $24.10 million and an EPS loss of $3.01, resulting in a negative net margin of 25.11% and a negative return on equity of 20.76%. The company’s twelve-month low and high share valuations stand at $4.31 and $11.22, respectively, while its debt-to-equity ratio is 0.99. Liquidity measures include a quick ratio of 0.88 and a current ratio of 0.88, reflecting the firm’s ability to cover short-term obligations.
4. Dividend Policy and Analyst Opinions
On December 31, First Guaranty Bancshares paid its quarterly dividend of $0.01 per share to investors of record as of December 26, equating to an annualized payout of $0.04 and a yield near 0.7%. The company’s dividend payout ratio is reported at -97%, reflecting its current earnings profile. Research firms have offered mixed guidance: Weiss Ratings maintains a sell designation, while Zacks Research upgraded its view from strong sell to hold. MarketBeat data indicates an average consensus rating of Reduce.