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.

First Guaranty Bancshares Price Performance

Shares of NASDAQ:FGBI opened at $25.33 on Friday. The stock's 50-day moving average is $25.07 and its two-hundred day moving average is $24.26. The company has a market cap of $271.54 million, a price-to-earnings ratio of 9.30 and a beta of 0.44. First Guaranty Bancshares has a 1-year low of $16.69 and a 1-year 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 0.89.

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

First Guaranty Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 24th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, June 23rd. First Guaranty Bancshares's dividend payout ratio (DPR) is 23.51%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FGBI. Janney Montgomery Scott downgraded First Guaranty Bancshares from a "buy" rating to a "neutral" rating in a report on Friday, June 3rd. Piper Sandler lifted their price target on First Guaranty Bancshares to $26.00 in a research report on Monday, July 4th. Finally, DA Davidson boosted their price objective on First Guaranty Bancshares to $30.00 and gave the company a "na" rating in a research report on Monday, May 16th.

Insider Activity at First Guaranty Bancshares

In other First Guaranty Bancshares news, Chairman Marshall T. Reynolds sold 1,148 shares of the firm's stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $27.99, for a total value of $32,132.52. Following the transaction, the chairman now directly owns 12,748 shares of the company's stock, valued at $356,816.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 42.50% of the stock is owned by insiders.