Wall Street brokerages predict that First Guaranty Bancshares, Inc. (NASDAQ:FGBI) will announce earnings per share (EPS) of $0.58 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for First Guaranty Bancshares’ earnings, with estimates ranging from $0.52 to $0.65. First Guaranty Bancshares reported earnings per share of $0.53 during the same quarter last year, which would suggest a positive year over year growth rate of 9.4%. The firm is scheduled to report its next quarterly earnings results on Monday, November 1st.
According to Zacks, analysts expect that First Guaranty Bancshares will report full year earnings of $2.23 per share for the current financial year, with EPS estimates ranging from $2.14 to $2.32. For the next financial year, analysts forecast that the business will report earnings of $2.32 per share, with EPS estimates ranging from $2.18 to $2.44. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow First Guaranty Bancshares.
First Guaranty Bancshares (NASDAQ:FGBI) last announced its earnings results on Sunday, August 8th. The bank reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.11. First Guaranty Bancshares had a net margin of 18.04% and a return on equity of 12.63%. The company had revenue of $25.05 million during the quarter, compared to the consensus estimate of $23.18 million.
Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its stake in shares of First Guaranty Bancshares by 7.2% during the first quarter. BlackRock Inc. now owns 284,904 shares of the bank’s stock worth $5,103,000 after acquiring an additional 19,039 shares in the last quarter. EJF Capital LLC purchased a new position in shares of First Guaranty Bancshares in the second quarter worth $2,102,000. Salzhauer Michael increased its stake in shares of First Guaranty Bancshares by 5.2% in the first quarter. Salzhauer Michael now owns 70,617 shares of the bank’s stock worth $1,265,000 after buying an additional 3,501 shares during the period. Bridgeway Capital Management LLC increased its stake in shares of First Guaranty Bancshares by 29.3% in the second quarter. Bridgeway Capital Management LLC now owns 66,480 shares of the bank’s stock worth $1,295,000 after buying an additional 15,075 shares during the period. Finally, BHZ Capital Management LP increased its position in First Guaranty Bancshares by 3.6% during the 1st quarter. BHZ Capital Management LP now owns 42,184 shares of the bank’s stock valued at $756,000 after purchasing an additional 1,484 shares during the period. 8.86% of the stock is currently owned by hedge funds and other institutional investors.
FGBI opened at $18.37 on Friday. The company has a market capitalization of $178.89 million, a price-to-earnings ratio of 7.92 and a beta of 0.45. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $19.16 and a 200-day moving average price of $18.70. First Guaranty Bancshares has a twelve month low of $11.54 and a twelve month high of $21.29.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Monday, September 20th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Friday, September 17th. First Guaranty Bancshares’s dividend payout ratio (DPR) is presently 30.62%.
About First Guaranty Bancshares
First Guaranty Bancshares, Inc engages in the provision of personalized commercial banking services to businesses, professionals, and individuals. Its services include personal checking, money market, loans, courtesy sweep, business checking, cash management, courtesy pay, and digital. The company was founded on July 27, 2007 and is headquartered in Hammond, LA.
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