Will stock surge before Earnings results? First Guaranty Bancshares (NASDAQ:FGBI)

Earnings results for First Guaranty Bancshares (NASDAQ:FGBI)

Our vendor, Zacks Investment Research, hasn’t provided us with the upcoming earnings report date.

First Guaranty Bancshares last announced its earnings data on August 8th, 2021. The bank reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.11. First Guaranty Bancshares has generated $0.00 earnings per share over the last year. Earnings for First Guaranty Bancshares are expected to grow by 1.55% in the coming year, from $1.94 to $1.97 per share. First Guaranty Bancshares has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, November 1st, 2021 based off prior year’s report dates.

Analyst Opinion on First Guaranty Bancshares (NASDAQ:FGBI)

2 Wall Street analysts have issued ratings and price targets for First Guaranty Bancshares in the last 12 months. Their average twelve-month price target is $21.25, predicting that the stock has a possible upside of 8.97%. The high price target for FGBI is $23.00 and the low price target for FGBI is $19.50. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

First Guaranty Bancshares has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $21.25, First Guaranty Bancshares has a forecasted upside of 9.0% from its current price of $19.50. First Guaranty Bancshares has received no research coverage in the past 90 days.

Dividend Strength: First Guaranty Bancshares (NASDAQ:FGBI)

First Guaranty Bancshares pays a meaningful dividend of 3.31%, higher than the bottom 25% of all stocks that pay dividends. First Guaranty Bancshares has only been increasing its dividend for 1 years. Based on earnings estimates, First Guaranty Bancshares will have a dividend payout ratio of 32.49% next year. This indicates that First Guaranty Bancshares will be able to sustain or increase its dividend.

Insiders buying/selling: First Guaranty Bancshares (NASDAQ:FGBI)

In the past three months, First Guaranty Bancshares insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $260,219.00 in company stock and sold $0.00 in company stock. 42.70% of the stock of First Guaranty Bancshares is held by insiders. A high percentage of insider ownership can be a sign of company health. Only 11.31% of the stock of First Guaranty Bancshares is held by institutions.

Earnings and Valuation of First Guaranty Bancshares (NASDAQ:FGBI

Earnings for First Guaranty Bancshares are expected to grow by 1.55% in the coming year, from $1.94 to $1.97 per share. First Guaranty Bancshares has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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