First Guaranty Bancshares - FGBI Stock Forecast, Price & News

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.