Analysts forecast that First Guaranty Bancshares, Inc. (NASDAQ:FGBI) will announce earnings of $0.68 per share for the current quarter, Zacks reports. Two analysts have issued estimates for First Guaranty Bancshares’ earnings, with the lowest EPS estimate coming in at $0.64 and the highest estimate coming in at $0.77. First Guaranty Bancshares reported earnings per share of $0.57 during the same quarter last year, which would suggest a positive year over year growth rate of 19.3%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 9th.
According to Zacks, analysts expect that First Guaranty Bancshares will report full year earnings of $2.42 per share for the current fiscal year, with EPS estimates ranging from $2.29 to $2.60. For the next fiscal year, analysts forecast that the business will post earnings of $2.48 per share, with EPS estimates ranging from $2.43 to $2.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for First Guaranty Bancshares.
First Guaranty Bancshares (NASDAQ:FGBI) last released its quarterly earnings data on Tuesday, November 9th. The bank reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. First Guaranty Bancshares had a return on equity of 14.05% and a net margin of 19.68%. The company had revenue of $25.89 million for the quarter, compared to analyst estimates of $25.18 million.
Shares of NASDAQ:FGBI traded down $0.53 during midday trading on Friday, reaching $20.89. 26,719 shares of the company traded hands, compared to its average volume of 13,152. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.25. First Guaranty Bancshares has a 12 month low of $13.94 and a 12 month high of $23.06. The firm has a market capitalization of $223.84 million, a price-to-earnings ratio of 9.08 and a beta of 0.39. The firm’s fifty day moving average price is $21.72 and its two-hundred day moving average price is $20.30.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 31st. Shareholders of record on Friday, December 24th were paid a $0.16 dividend. This is a positive change from First Guaranty Bancshares’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Wednesday, December 22nd. First Guaranty Bancshares’s dividend payout ratio is currently 27.83%.
In other news, Director Edgar R. Smith III acquired 3,100 shares of First Guaranty Bancshares stock in a transaction dated Friday, November 12th. The shares were purchased at an average cost of $22.50 per share, for a total transaction of $69,750.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Edgar R. Smith III acquired 4,000 shares of First Guaranty Bancshares stock in a transaction dated Thursday, November 18th. The shares were purchased at an average price of $22.94 per share, for a total transaction of $91,760.00. The disclosure for this purchase can be found here. Insiders acquired a total of 8,100 shares of company stock worth $182,905 over the last 90 days. Corporate insiders own 42.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in FGBI. EJF Capital LLC bought a new position in shares of First Guaranty Bancshares during the 2nd quarter valued at about $2,102,000. Millennium Management LLC bought a new position in shares of First Guaranty Bancshares during the 2nd quarter valued at about $751,000. Kennedy Capital Management Inc. purchased a new stake in First Guaranty Bancshares during the 2nd quarter valued at about $707,000. Ergoteles LLC purchased a new stake in First Guaranty Bancshares during the 2nd quarter valued at about $308,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in First Guaranty Bancshares during the 2nd quarter valued at about $300,000. Hedge funds and other institutional investors own 7.56% of the company’s stock.
About First Guaranty Bancshares
First Guaranty Bancshares, Inc engages in the provision of personalized commercial banking services to businesses, professionals, and individuals. Its services include personal checking, money market, loans, courtesy sweep, business checking, cash management, courtesy pay, and digital. The company was founded on July 27, 2007 and is headquartered in Hammond, LA.
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