From what 1 stock analysts predict, the share price for First Guaranty Bancshares Inc (FGBI) might decrease by 20.38% in the next year. This is based on a 12-month average estimation for FGBI. Price targets go from $11.25 to $11.25. The majority of stock analysts believe FGBI is a hold. Please note analyst price targets are not guaranteed and could be missed completely.
About 1 Wall Street analysts have assigned FGBI 0 buy ratings, 1 hold ratings, and 0 sell ratings. This means that analysts expect First Guaranty Bancshares Inc to generate similar returns as the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on FGBI. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of FGBI.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Stephen Scouten Piper Sandler | Underweight | $9.5 | Downgrade | Nov 8, 2023 |
Kevin Fitzsimmons DA Davidson | Neutral | $13 | Maintains | Jul 12, 2023 |
Stephen Scouten Piper Sandler | Neutral | $21 | Maintains | Feb 8, 2023 |
Christopher Marinac Janney Montgomery Scott | Neutral | Downgrade | Jun 3, 2022 | |
DA Davidson | Neutral | Initiates | Apr 13, 2021 | |
Janney Capital | Buy | Initiates | Dec 21, 2020 | |
Janney Montgomery Scott | Buy | Initiates | Dec 21, 2020 |
When did it IPO
2012
Staff Count
486
Country
United States
Sector/Industry
Financial Services/Banks - Regional
CEO
Mr. Michael Ray Mineer
Market Cap
$176.7M
In 2023, FGBI generated $93.5M in revenue, which was a decrease of -14.48% from the previous year. This can be seen as a signal that FGBI's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - First Guaranty Bancshares, Inc. (NASDAQ: FGBI) has released its unaudited financial results for Q3 and the first nine months of 2024, as of September 30, 2024.
Why It Matters - First Guaranty's financial results can influence stock performance, investor sentiment, and market positioning, impacting investment decisions related to FGBI.
Summary - First Guaranty Bancshares (FGBI) reported Q3 earnings of $0.11 per share, exceeding the Zacks estimate of $0.01 and up from $0.10 per share year-over-year.
Why It Matters - FGBI's earnings beat estimates, indicating stronger performance and potential growth, which can boost investor confidence and influence stock price positively.
Summary - First Guaranty Bancshares (FGBI) may not have the necessary factors for a potential earnings beat in its upcoming report, indicating cautious investor sentiment.
Why It Matters - FGBI's lack of key ingredients for an earnings beat may signal weaker performance, potentially impacting stock price and investor sentiment negatively.
Summary - First Guaranty Bancshares, Inc. (NASDAQ: FGBI) reported key developments and unaudited financial results for Q2 and the first half of 2024 as of June 30.
Why It Matters - First Guaranty Bancshares' financial results and developments can impact stock performance, investor sentiment, and market valuation, influencing investment decisions in the banking sector.
Summary - First Guaranty Bancshares (FGBI) reported Q3 earnings of $0.53 per share, surpassing the Zacks Consensus Estimate of $0.20, and up from $0.19 per share a year prior.
Why It Matters - FGBI's strong earnings beat indicates robust financial performance, potentially boosting investor confidence and driving stock price up as it signals growth and profitability.
Summary - Zacks utilizes its Rank system, focusing on earnings estimates and revisions, while also monitoring value, growth, and momentum trends to identify strong stock picks.
Why It Matters - Zacks emphasizes earnings estimates and revisions, key indicators of stock performance, helping investors identify strong buying opportunities based on value, growth, and momentum trends.