First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Expected to Post Earnings of $0.62 Per Share

Analysts expect that First Guaranty Bancshares, Inc. (NASDAQ:FGBIGet Rating) will post earnings of $0.62 per share for the current quarter, according to Zacks. Two analysts have provided estimates for First Guaranty Bancshares’ earnings. The lowest EPS estimate is $0.57 and the highest is $0.67. First Guaranty Bancshares reported earnings of $0.58 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 6.9%. The business is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that First Guaranty Bancshares will report full-year earnings of $2.62 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.70. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.89 per share, with EPS estimates ranging from $2.83 to $3.00. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for First Guaranty Bancshares.

First Guaranty Bancshares (NASDAQ:FGBIGet Rating) last released its quarterly earnings data on Thursday, April 28th. The bank reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. First Guaranty Bancshares had a net margin of 23.43% and a return on equity of 16.05%.

In related news, Chairman Marshall T. Reynolds sold 1,390 shares of the firm’s stock in a transaction dated Thursday, March 17th. The shares were sold at an average price of $22.16, for a total value of $30,802.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 42.70% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in First Guaranty Bancshares in the 4th quarter worth approximately $28,000. Royal Bank of Canada boosted its holdings in First Guaranty Bancshares by 1,501.0% in the 2nd quarter. Royal Bank of Canada now owns 1,537 shares of the bank’s stock worth $30,000 after buying an additional 1,441 shares during the period. Morgan Stanley boosted its holdings in First Guaranty Bancshares by 48.8% in the 1st quarter. Morgan Stanley now owns 3,917 shares of the bank’s stock worth $70,000 after buying an additional 1,284 shares during the period. Allred Capital Management LLC bought a new position in First Guaranty Bancshares in the 1st quarter worth approximately $210,000. Finally, Acadian Asset Management LLC boosted its holdings in First Guaranty Bancshares by 23.3% in the 4th quarter. Acadian Asset Management LLC now owns 10,892 shares of the bank’s stock worth $221,000 after buying an additional 2,058 shares during the period. Institutional investors own 7.33% of the company’s stock.

FGBI stock opened at $27.66 on Tuesday. The company has a market cap of $296.43 million, a PE ratio of 10.62 and a beta of 0.38. The stock’s 50-day moving average is $23.48. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.13. First Guaranty Bancshares has a 1 year low of $15.68 and a 1 year high of $27.99.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Monday, March 21st were given a dividend of $0.16 per share. The ex-dividend date was Friday, March 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.31%. First Guaranty Bancshares’s dividend payout ratio (DPR) is presently 24.57%.

First Guaranty Bancshares Company Profile (Get Rating)

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.

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Earnings History and Estimates for First Guaranty Bancshares (NASDAQ:FGBI)

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