First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Expected to Announce Quarterly Sales of $30.12 Million

Equities analysts predict that First Guaranty Bancshares, Inc. (NASDAQ:FGBIGet Rating) will announce sales of $30.12 million for the current quarter, Zacks reports. Two analysts have issued estimates for First Guaranty Bancshares’ earnings, with estimates ranging from $28.21 million to $32.03 million. First Guaranty Bancshares reported sales of $25.05 million during the same quarter last year, which indicates a positive year over year growth rate of 20.2%. The company is scheduled to report its next earnings results on Monday, January 1st.

On average, analysts expect that First Guaranty Bancshares will report full year sales of $122.31 million for the current financial year, with estimates ranging from $113.32 million to $131.30 million. For the next fiscal year, analysts anticipate that the firm will post sales of $138.41 million, with estimates ranging from $121.71 million to $155.10 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow First Guaranty Bancshares.

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

NASDAQ:FGBI opened at $28.40 on Thursday. First Guaranty Bancshares has a 1-year low of $16.03 and a 1-year high of $28.67. The business’s 50-day moving average price is $23.72 and its two-hundred day moving average price is $22.24. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $304.36 million, a price-to-earnings ratio of 10.90 and a beta of 0.38.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, March 21st were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Friday, March 18th. First Guaranty Bancshares’s payout ratio is 24.57%.

In other First Guaranty Bancshares news, Chairman Marshall T. Reynolds sold 1,390 shares of the stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $22.16, for a total value of $30,802.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 42.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FGBI. Renaissance Technologies LLC raised its position in shares of First Guaranty Bancshares by 38.1% during the fourth quarter. Renaissance Technologies LLC now owns 45,383 shares of the bank’s stock worth $925,000 after purchasing an additional 12,516 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of First Guaranty Bancshares during the fourth quarter worth about $255,000. CWM LLC acquired a new stake in shares of First Guaranty Bancshares during the fourth quarter worth about $244,000. Allred Capital Management LLC acquired a new stake in shares of First Guaranty Bancshares during the first quarter worth about $210,000. Finally, Salzhauer Michael raised its position in shares of First Guaranty Bancshares by 10.0% during the fourth quarter. Salzhauer Michael now owns 77,692 shares of the bank’s stock worth $1,583,000 after purchasing an additional 7,075 shares during the period. 7.33% of the stock is currently owned by institutional investors.

About First Guaranty Bancshares (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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