First Guaranty Bancshares - FGBI Stock Forecast, Price & News

2 Wall Street equities 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 equities 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 brokers have issued 1-year price objectives for First Guaranty Bancshares' shares. Their FGBI share price forecasts range from $18.25 to $21.00. On average, they expect the company's stock price to reach $19.63 in the next year. This suggests a possible upside of 19.4% 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 on January 1st, 2023. Since then, FGBI shares have decreased by 29.9% and is now trading at $16.43.
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First Guaranty Bancshares saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 72,300 shares, a decrease of 9.5% from the February 13th total of 79,900 shares. Based on an average daily volume of 11,600 shares, the days-to-cover ratio is presently 6.2 days. Currently, 1.3% of the shares of the company are short sold.
View First Guaranty Bancshares' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our FGBI earnings forecast.

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) posted its quarterly earnings results on Tuesday, January, 31st. The bank reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by $0.12. The bank earned $25.86 million during the quarter, compared to the consensus estimate of $28.16 million. First Guaranty Bancshares had a net margin of 19.57% and a trailing twelve-month return on equity of 14.77%.

First Guaranty Bancshares declared a quarterly dividend on Thursday, February 16th. Shareholders of record on Friday, March 24th will be given a dividend of $0.16 per share on Friday, March 31st. This represents a $0.64 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Thursday, March 23rd.
Read our dividend analysis for FGBI.

ETFs with the largest weight of First Guaranty Bancshares (NASDAQ:FGBI) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC) and First Trust Dow Jones Select Microcap Index Fund (FDM) and

First Guaranty Bancshares (NASDAQ:FGBI) pays an annual dividend of $0.64 per share and currently has a dividend yield of 3.82%. The dividend payout ratio is 25.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FGBI will have a dividend payout ratio of 36.78% 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 initial public offering on Friday, December 19th 2014. The company issued 4,600,000 shares at $19.00-$21.00 per share. Raymond James acted 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 number of retail and institutional investors. Top institutional investors include Morgan Dempsey Capital Management LLC (1.12%), Geode Capital Management LLC (0.99%), Salzhauer Michael (0.39%), Charles Schwab Investment Management Inc. (0.16%), First Trust Advisors LP (0.13%) and Renaissance Technologies LLC (0.13%). Insiders that own company stock include Edgar R Smith III, Marshall T Reynolds, Uwe Schramm and William K Hood.
View institutional ownership trends.

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 $16.43.

First Guaranty Bancshares (NASDAQ:FGBI) has a market capitalization of $176.13 million and generates $147.59 million in revenue each year. The bank earns $28.88 million in net income (profit) each year or $2.47 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.