First Guaranty Bancshares (FGBI) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Guaranty Bancshares in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FGBI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FGBI, but not buy additional shares or sell existing shares.
View FGBI analyst ratings or view top-rated stocks.

2 analysts have issued 1 year target prices for First Guaranty Bancshares' shares. Their FGBI share price forecasts range from $18.25 to $21.00. On average, they anticipate the company's stock price to reach $19.63 in the next twelve months. This suggests a possible upside of 52.1% from the stock's current price.
View analysts price targets for FGBI or view top-rated stocks among Wall Street analysts.

First Guaranty Bancshares' stock was trading at $23.45 at the beginning of the year. Since then, FGBI stock has decreased by 45.0% and is now trading at $12.90.
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First Guaranty Bancshares saw a increase in short interest in May. As of May 15th, there was short interest totaling 150,500 shares, an increase of 6.1% from the April 30th total of 141,900 shares. Based on an average daily trading volume, of 20,300 shares, the short-interest ratio is presently 7.4 days. Currently, 2.7% of the shares of the company are sold short.
View First Guaranty Bancshares' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our FGBI earnings forecast.

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) posted its quarterly earnings data on Wednesday, May, 10th. The bank reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.32 by $0.05. The bank had revenue of $25.01 million for the quarter, compared to analyst estimates of $24.91 million. First Guaranty Bancshares had a trailing twelve-month return on equity of 12.25% and a net margin of 15.20%.

First Guaranty Bancshares declared a quarterly dividend on Thursday, May 18th. Stockholders of record on Friday, June 23rd will be given a dividend of $0.16 per share on Friday, June 30th. This represents a $0.64 annualized dividend and a yield of 4.96%. The ex-dividend date is Thursday, June 22nd.
Read our dividend analysis for FGBI.

First Trust Dow Jones Select Microcap Index Fund holds 14,549 shares of FGBI stock, representing 0.16% of its portfolio.

First Guaranty Bancshares (NASDAQ:FGBI) pays an annual dividend of $0.64 per share and currently has a dividend yield of 4.82%. FGBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 30.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FGBI will have a dividend payout ratio of 46.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FGBI.

Based on aggregate information from My MarketBeat watchlists, some companies that other First Guaranty Bancshares investors own include Consolidated Edison (ED), Enterprise Products Partners (EPD), Energy Transfer (ET), General Motors (GM), International Business Machines (IBM), Pfizer (PFE), Teekay LNG Partners (TGP), AbbVie (ABBV), Algonquin Power & Utilities (AQN) and BCE (BCE).

(FGBI) raised $92 million in an IPO on Friday, December 19th 2014. The company issued 4,600,000 shares at a price of $19.00-$21.00 per share. Raymond James served as the underwriter for the IPO and Keefe, Bruyette & Woods (A Stifel Company) and Sterne Agee were co-managers.

First Guaranty Bancshares trades on the NASDAQ under the ticker symbol "FGBI."

First Guaranty Bancshares' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (2.60%), Geode Capital Management LLC (1.08%), Salzhauer Michael (0.38%), Morgan Dempsey Capital Management LLC (0.23%), First Trust Advisors LP (0.14%) and Renaissance Technologies LLC (0.11%). Insiders that own company stock include Edgar R Smith III, Marshall T Reynolds, Uwe Schramm and William K Hood.
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Shares of FGBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FGBI stock can currently be purchased for approximately $12.90.

First Guaranty Bancshares (NASDAQ:FGBI) has a market capitalization of $138.29 million and generates $147.59 million in revenue each year. The bank earns $28.88 million in net income (profit) each year or $2.09 on an earnings per share basis.

The company employs 463 workers across the globe.

First Guaranty Bancshares' mailing address is 400 EAST THOMAS STREET, HAMMOND LA, 70401. The official website for the company is www.fgb.net. The bank can be reached via phone at (985) 345-7685, via email at investorrelations@fgb.net, or via fax at 985-375-0355.