Wall Street analysts expect First Guaranty Bancshares, Inc. (NASDAQ:FGBI) to announce sales of $27.17 million for the current quarter, according to Zacks. Two analysts have provided estimates for First Guaranty Bancshares’ earnings, with the highest sales estimate coming in at $27.90 million and the lowest estimate coming in at $26.43 million. First Guaranty Bancshares posted sales of $33.34 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 18.5%. The company is expected to issue its next earnings report on Wednesday, February 9th.
According to Zacks, analysts expect that First Guaranty Bancshares will report full-year sales of $99.61 million for the current financial year, with estimates ranging from $98.41 million to $100.80 million. For the next financial year, analysts forecast that the company will post sales of $111.30 million, with estimates ranging from $106.40 million to $116.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow First Guaranty Bancshares.
First Guaranty Bancshares (NASDAQ:FGBI) last released its quarterly earnings data on Tuesday, November 9th. The bank reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.02. The company had revenue of $25.89 million during the quarter, compared to the consensus estimate of $25.18 million. First Guaranty Bancshares had a net margin of 19.68% and a return on equity of 14.05%.
In related news, Director Edgar R. Smith III bought 3,100 shares of the company’s stock in a transaction that occurred on Friday, November 12th. The stock was purchased at an average price of $22.50 per share, for a total transaction of $69,750.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Edgar R. Smith III bought 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 18th. The stock was bought at an average price of $22.94 per share, with a total value of $91,760.00. The disclosure for this purchase can be found here. Insiders have bought a total of 8,100 shares of company stock valued at $182,905 in the last 90 days. Insiders own 42.70% of the company’s stock.
A number of institutional investors have recently bought and sold shares of FGBI. EJF Capital LLC acquired a new stake in First Guaranty Bancshares in the 2nd quarter valued at approximately $2,102,000. Millennium Management LLC acquired a new stake in First Guaranty Bancshares in the 2nd quarter valued at approximately $751,000. Kennedy Capital Management Inc. purchased a new position in First Guaranty Bancshares in the 2nd quarter valued at approximately $707,000. Ergoteles LLC purchased a new position in First Guaranty Bancshares in the 2nd quarter valued at approximately $308,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in First Guaranty Bancshares in the 2nd quarter valued at approximately $300,000. Hedge funds and other institutional investors own 7.56% of the company’s stock.
FGBI stock traded down $0.53 during mid-day trading on Friday, reaching $20.89. The company’s stock had a trading volume of 26,719 shares, compared to its average volume of 13,152. The stock has a market cap of $223.84 million, a PE ratio of 9.08 and a beta of 0.39. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.25. First Guaranty Bancshares has a fifty-two week low of $13.94 and a fifty-two week high of $23.06. The company’s 50 day moving average is $21.72 and its two-hundred day moving average is $20.30.
The company also recently declared a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Friday, December 24th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, December 22nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.06%. This is an increase from First Guaranty Bancshares’s previous quarterly dividend of $0.15. First Guaranty Bancshares’s dividend payout ratio (DPR) is currently 27.83%.
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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