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.
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.
See Also: Earnings Per Share (EPS) Explained
Receive News & Ratings for First Guaranty Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Guaranty Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.