Shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBI) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus price objective of $26.00 for the company, according to Zacks. Zacks has also given First Guaranty Bancshares an industry rank of 171 out of 255 based on the ratings given to its competitors.
Separately, TheStreet upgraded shares of First Guaranty Bancshares from a “c+” rating to a “b” rating in a research report on Tuesday.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of First Guaranty Bancshares by 1.6% during the second quarter. BlackRock Inc. now owns 228,405 shares of the bank’s stock worth $4,761,000 after purchasing an additional 3,608 shares in the last quarter. Northern Trust Corp lifted its position in shares of First Guaranty Bancshares by 4.1% during the second quarter. Northern Trust Corp now owns 47,517 shares of the bank’s stock worth $991,000 after purchasing an additional 1,891 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of First Guaranty Bancshares by 22.5% during the second quarter. Renaissance Technologies LLC now owns 28,550 shares of the bank’s stock worth $595,000 after purchasing an additional 5,240 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of First Guaranty Bancshares by 45.0% during the second quarter. Wells Fargo & Company MN now owns 11,370 shares of the bank’s stock worth $237,000 after purchasing an additional 3,530 shares in the last quarter. Finally, Allred Capital Management LLC acquired a new position in shares of First Guaranty Bancshares during the fourth quarter worth approximately $173,000. Institutional investors own 11.35% of the company’s stock.
NASDAQ:FGBI traded down $0.22 on Friday, reaching $19.64. The stock had a trading volume of 3,541 shares, compared to its average volume of 5,342. The company has a market capitalization of $174.01 million, a P/E ratio of 13.45 and a beta of 0.44. First Guaranty Bancshares has a 1-year low of $18.00 and a 1-year high of $23.57. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $21.29 and a 200-day moving average price of $20.89.
First Guaranty Bancshares (NASDAQ:FGBI) last released its quarterly earnings results on Friday, November 1st. The bank reported $0.44 EPS for the quarter. The firm had revenue of $17.89 million for the quarter. First Guaranty Bancshares had a net margin of 13.48% and a return on equity of 8.22%.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.26%. First Guaranty Bancshares’s payout ratio is 39.75%.
First Guaranty Bancshares Company Profile
First Guaranty Bancshares, Inc operates as the holding company for First Guaranty Bank that provides commercial banking services to businesses, professionals, and individuals 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.
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