First Guaranty Bancshares (FGBI) Getting Positive News Coverage, Study Finds

Media headlines about First Guaranty Bancshares (NASDAQ:FGBI) have trended positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Guaranty Bancshares earned a media sentiment score of 0.32 on Accern’s scale. Accern also gave headlines about the bank an impact score of 48.535861023165 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Separately, Sandler O’Neill reissued a “hold” rating and set a $28.00 price objective on shares of First Guaranty Bancshares in a research note on Sunday, August 5th.

FGBI stock traded up $0.06 on Thursday, reaching $25.40. The company’s stock had a trading volume of 5,900 shares, compared to its average volume of 7,632. First Guaranty Bancshares has a 12-month low of $24.62 and a 12-month high of $29.95. The firm has a market capitalization of $228.02 million, a price-to-earnings ratio of 18.75 and a beta of 0.66. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.25.

First Guaranty Bancshares (NASDAQ:FGBI) last announced its quarterly earnings results on Thursday, August 9th. The bank reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. First Guaranty Bancshares had a return on equity of 9.69% and a net margin of 16.99%.

In related news, Chairman Marshall T. Reynolds sold 58,575 shares of the firm’s stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $27.00, for a total value of $1,581,525.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 39.60% of the company’s stock.

First Guaranty Bancshares Company Profile

First Guaranty Bancshares, Inc operates as the holding company for First Guaranty Bank that provides commercial banking services to businesses, professionals, and individuals 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.

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