Brokerages expect First Guaranty Bancshares, Inc. (NASDAQ:FGBI – Get Rating) to post $30.12 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for First Guaranty Bancshares’ earnings. The highest sales estimate is $32.03 million and the lowest is $28.21 million. First Guaranty Bancshares reported sales of $25.05 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 20.2%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, 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 expect that the business will post sales of $138.41 million, with estimates ranging from $121.71 million to $155.10 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover First Guaranty Bancshares.
First Guaranty Bancshares (NASDAQ:FGBI – Get Rating) last issued 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 net margin of 23.43% and a return on equity of 15.99%.
In related news, Chairman Marshall T. Reynolds sold 1,390 shares of the business’s stock in a transaction dated Thursday, March 17th. The shares were sold at an average price of $22.16, for a total transaction of $30,802.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Marshall T. Reynolds sold 1,148 shares of the business’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $27.99, for a total transaction of $32,132.52. Following the sale, the chairman now directly owns 12,748 shares in the company, valued at approximately $356,816.52. The disclosure for this sale can be found here. 42.50% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of First Guaranty Bancshares by 3.6% during the first quarter. Vanguard Group Inc. now owns 270,235 shares of the bank’s stock valued at $6,469,000 after buying an additional 9,478 shares during the period. Morgan Dempsey Capital Management LLC purchased a new position in shares of First Guaranty Bancshares during the first quarter valued at approximately $3,375,000. Salzhauer Michael lifted its stake 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 valued at $1,583,000 after buying an additional 7,075 shares during the period. BlackRock Inc. lifted its stake in shares of First Guaranty Bancshares by 29.6% during the first quarter. BlackRock Inc. now owns 53,693 shares of the bank’s stock valued at $1,286,000 after buying an additional 12,257 shares during the period. Finally, Renaissance Technologies LLC increased its position in 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 last quarter. 7.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of First Guaranty Bancshares stock opened at $29.00 on Thursday. First Guaranty Bancshares has a 52-week low of $16.48 and a 52-week high of $29.64. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The company’s 50-day simple moving average is $25.53 and its 200-day simple moving average is $22.90. The firm has a market cap of $310.79 million, a price-to-earnings ratio of 11.13 and a beta of 0.38.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 24th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Thursday, June 23rd. First Guaranty Bancshares’s dividend payout ratio is currently 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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