First Guaranty Bancshares (FGBI) Downgraded by ValuEngine

ValuEngine lowered shares of First Guaranty Bancshares (NASDAQ:FGBI) from a buy rating to a hold rating in a research report released on Friday morning.

Separately, Sandler O’Neill set a $29.00 price objective on shares of First Guaranty Bancshares and gave the company a hold rating in a research report on Wednesday, August 30th.

First Guaranty Bancshares (NASDAQ:FGBI) traded up $0.24 during trading on Friday, hitting $28.23. 5,900 shares of the stock traded hands, compared to its average volume of 10,373. The company has a market capitalization of $226.04, a PE ratio of 17.53 and a beta of 0.66. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.75 and a current ratio of 0.75. First Guaranty Bancshares has a 52-week low of $19.10 and a 52-week high of $29.35.

First Guaranty Bancshares (NASDAQ:FGBI) last released its quarterly earnings data on Monday, October 30th. The bank reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). First Guaranty Bancshares had a net margin of 19.31% and a return on equity of 8.68%.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Tuesday, December 19th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Monday, December 18th. First Guaranty Bancshares’s payout ratio is currently 39.75%.

In related news, Director William K. Hood acquired 3,285 shares of First Guaranty Bancshares stock in a transaction dated Wednesday, November 1st. The shares were purchased at an average price of $27.00 per share, for a total transaction of $88,695.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 42.70% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in FGBI. Bank of New York Mellon Corp bought a new stake in First Guaranty Bancshares in the second quarter worth $299,000. Kennedy Capital Management Inc. boosted its stake in First Guaranty Bancshares by 138.7% during the second quarter. Kennedy Capital Management Inc. now owns 68,353 shares of the bank’s stock worth $1,862,000 after buying an additional 39,715 shares during the period. Teachers Advisors LLC purchased a new position in First Guaranty Bancshares during the second quarter worth $207,000. TIAA CREF Investment Management LLC purchased a new position in First Guaranty Bancshares during the second quarter worth $284,000. Finally, Context BH Capital Management LP purchased a new position in First Guaranty Bancshares during the second quarter worth $230,000. Institutional investors own 11.65% of the company’s stock.

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First Guaranty Bancshares Company Profile

First Guaranty Bancshares, Inc is a bank holding company. The Company operates through its owned subsidiary, First Guaranty Bank (the Bank). The Bank offers personalized commercial banking services to Louisiana customers, through approximately 20 banking facilities located in the Market Services Areas (MSAs).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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