First Guaranty Bancshares - FGBI Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Guaranty Bancshares in the last twelve months. There are currently 1 hold rating 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.
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1 brokerages have issued twelve-month price targets for First Guaranty Bancshares' shares. Their FGBI share price forecasts range from $26.00 to $30.00. On average, they anticipate the company's stock price to reach $28.00 in the next twelve months. This suggests a possible upside of 11.9% from the stock's current price.
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First Guaranty Bancshares' stock was trading at $20.38 at the beginning of 2022. Since then, FGBI stock has increased by 22.8% and is now trading at $25.02.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our FGBI earnings forecast.

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) announced its quarterly earnings data on Wednesday, July, 27th. The bank reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. First Guaranty Bancshares had a net margin of 23.91% and a trailing twelve-month return on equity of 16.63%.

First Guaranty Bancshares declared a quarterly dividend on Wednesday, May 25th. Stockholders of record on Friday, June 24th will be paid a dividend of $0.16 per share on Thursday, June 30th. This represents a $0.64 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, June 23rd.
Read our dividend analysis for FGBI.

First Guaranty Bancshares (NASDAQ:FGBI) pays an annual dividend of $0.64 per share and currently has a dividend yield of 2.48%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FGBI will have a dividend payout ratio of 21.92% 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 a price of $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 many different institutional and retail investors. Top institutional investors include State Street Corp (0.57%), Northern Trust Corp (0.47%), Salzhauer Michael (0.40%), Millennium Management LLC (0.16%), Renaissance Technologies LLC (0.15%) and Citadel Advisors LLC (0.12%). 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 $25.02.

First Guaranty Bancshares (NASDAQ:FGBI) has a market capitalization of $268.14 million and generates $122.68 million in revenue each year. The bank earns $27.30 million in net income (profit) each year or $2.7227 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.