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NASDAQ:FGBI

First Guaranty Bancshares - FGBI Stock Forecast, Price & News

$25.74
+0.70 (+2.80%)
(As of 08/16/2022 03:51 PM ET)
Add
Compare
Today's Range
$25.32
$26.13
50-Day Range
$23.45
$27.17
52-Week Range
$16.69
$29.65
Volume
428 shs
Average Volume
14,727 shs
Market Capitalization
$275.93 million
P/E Ratio
9.45
Dividend Yield
2.53%
Price Target
$28.00

First Guaranty Bancshares MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.4% Upside
$28.00 Price Target
Short Interest
Healthy
3.00% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.71
Upright™ Environmental Score
News Sentiment
0.83mentions of First Guaranty Bancshares in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$32,133 Sold Last Quarter
Proj. Earnings Growth
5.42%
From $2.77 to $2.92 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

Finance Sector

330th out of 924 stocks

Federal Savings Institutions Industry

15th out of 44 stocks

FGBI stock logo

About First Guaranty Bancshares (NASDAQ:FGBI) Stock

First Guaranty Bancshares, Inc. operates as the holding company for First Guaranty Bank that provides commercial banking services in Louisiana and Texas. It offers various deposit products, including personal and business checking, savings, money market, and demand accounts, as well as time deposits to consumers, small businesses, and municipalities. The company also provides loans, such as non-farm, non-residential loans secured by real estate, commercial and industrial loans, one- to four-family residential loans, multifamily loans, construction and land development loans, agricultural loans, farmland loans, and consumer and other loans to small to medium-sized businesses and professionals, and individuals. In addition, it offers a range of consumer services, including credit cards, mobile deposit capture, safe deposit boxes, official checks, online and mobile banking, automated teller machines, and online bill pay; provides additional solutions, such as merchant services, remote deposit capture, and lockbox services to business customers; and invests a portion of its assets in securities issued by the United States Government and its agencies, state and municipal obligations, corporate debt securities, mutual funds, and equity securities, as well as invests in mortgage-backed securities primarily issued or guaranteed by United States Government agencies or enterprises. The company operates through 36 banking facilities primarily located in market services areas of Hammond, Baton Rouge, Lafayette, Shreveport-Bossier City, Lake Charles, Alexandria, Dallas-Fort Worth-Arlington, Waco, Kentucky, and West Virginia. First Guaranty Bancshares, Inc. was founded in 1934 and is headquartered in Hammond, Louisiana.

Wall Street Analyst Weigh In

FGBI has been the subject of several analyst reports. DA Davidson boosted their target price on shares of First Guaranty Bancshares to $30.00 and gave the company a "na" rating in a research report on Monday, May 16th. Piper Sandler upped their price objective on shares of First Guaranty Bancshares to $26.00 in a research report on Monday, July 4th. Finally, Janney Montgomery Scott cut shares of First Guaranty Bancshares from a "buy" rating to a "neutral" rating in a research report on Friday, June 3rd.

First Guaranty Bancshares Price Performance

FGBI Stock traded down $0.29 during trading on Monday, reaching $25.04. 13,382 shares of the company were exchanged, compared to its average volume of 23,330. The company has a 50-day moving average of $25.00 and a two-hundred day moving average of $24.35. The company has a market capitalization of $268.35 million, a price-to-earnings ratio of 9.20 and a beta of 0.44. First Guaranty Bancshares has a twelve month low of $16.69 and a twelve month high of $29.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.90 and a quick ratio of 0.90.

First Guaranty Bancshares (NASDAQ:FGBI - Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The bank reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. First Guaranty Bancshares had a net margin of 23.91% and a return on equity of 16.63%. As a group, equities analysts predict that First Guaranty Bancshares will post 2.77 earnings per share for the current fiscal year.

First Guaranty Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Friday, June 24th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Thursday, June 23rd. First Guaranty Bancshares's payout ratio is 23.51%.

Insiders Place Their Bets

In other First Guaranty Bancshares news, Chairman Marshall T. Reynolds sold 1,148 shares of the business's stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $27.99, for a total transaction of $32,132.52. Following the sale, the chairman now directly owns 12,748 shares of the company's stock, valued at approximately $356,816.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 42.50% of the company's stock.

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FGBI Stock News Headlines

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FGBI Company Calendar

Ex-Dividend for 6/30 Dividend
6/23/2022
Dividend Payable
6/30/2022
Last Earnings
7/27/2022
Today
8/16/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Federal savings institutions
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:FGBI
Employees
463
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$28.00
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+8.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$27.30 million
Pretax Margin
30.19%

Debt

Sales & Book Value

Annual Sales
$122.68 million
Cash Flow
$3.03 per share
Book Value
$17.81 per share

Miscellaneous

Free Float
6,162,000
Market Cap
$275.93 million
Optionable
Not Optionable
Beta
0.44

Key Executives

  • Mr. Alton B. Lewis Jr. (Age 73)
    Vice Chairman, Pres & CEO
    Comp: $551.24k
  • Mr. Eric John Dosch (Age 43)
    Treasurer, Sec. & CFO
    Comp: $233.96k
  • Mr. Michael Ray Mineer (Age 55)
    Mideast Market Pres
  • Kevin J. Foster
    Sr. VP & Regional Mang. Denham Springs
  • Gregory P. Prudhomme
    Sr. VP & Regional Mang. of Central Louisiana
  • Mr. Michael R. Cross (Age 66)
    Chief Lending Officer of First Guaranty Bank













FGBI Stock - Frequently Asked Questions

Should I buy or sell First Guaranty Bancshares stock right now?

1 Wall Street equities 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 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.

What is First Guaranty Bancshares' stock price forecast for 2022?

1 brokerages have issued 12-month price targets for First Guaranty Bancshares' shares. Their FGBI share price forecasts range from $26.00 to $30.00. On average, they predict the company's stock price to reach $28.00 in the next twelve months. This suggests a possible upside of 11.8% from the stock's current price.
View analysts price targets for FGBI
or view top-rated stocks among Wall Street analysts.

How have FGBI shares performed in 2022?

First Guaranty Bancshares' stock was trading at $20.38 at the start of the year. Since then, FGBI shares have increased by 22.9% and is now trading at $25.04.
View the best growth stocks for 2022 here
.

When is First Guaranty Bancshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our FGBI earnings forecast
.

How were First Guaranty Bancshares' earnings last quarter?

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

How often does First Guaranty Bancshares pay dividends? What is the dividend yield for First Guaranty Bancshares?

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

Is First Guaranty Bancshares a good dividend stock?

First Guaranty Bancshares (NASDAQ:FGBI) pays an annual dividend of $0.64 per share and currently has a dividend yield of 2.53%. 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.

What other stocks do shareholders of First Guaranty Bancshares own?

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).

When did First Guaranty Bancshares IPO?

(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.

What is First Guaranty Bancshares' stock symbol?

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

Who are First Guaranty Bancshares' major shareholders?

First Guaranty Bancshares' stock is owned by a number of retail and institutional investors. Top institutional shareholders 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.
View institutional ownership trends
.

How do I buy shares of First Guaranty Bancshares?

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.
Compare Top Brokerages Here.

What is First Guaranty Bancshares' stock price today?

One share of FGBI stock can currently be purchased for approximately $25.04.

How much money does First Guaranty Bancshares make?

First Guaranty Bancshares (NASDAQ:FGBI) has a market capitalization of $268.35 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.

How many employees does First Guaranty Bancshares have?

The company employs 463 workers across the globe.

How can I contact First Guaranty Bancshares?

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.

This page (NASDAQ:FGBI) was last updated on 8/16/2022 by MarketBeat.com Staff

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