First Guaranty Bancshares (FGBI) Stock Rating Lowered by ValuEngine

First Guaranty Bancshares (NASDAQ:FGBI) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Separately, Sandler O’Neill set a $29.00 price target on First Guaranty Bancshares and gave the stock a “hold” rating in a research report on Wednesday, August 30th.

Shares of First Guaranty Bancshares (FGBI) traded up $0.24 during mid-day trading on Friday, hitting $28.23. 5,917 shares of the stock were exchanged, compared to its average volume of 5,349. First Guaranty Bancshares has a 1 year low of $19.10 and a 1 year high of $29.35. The company has a market cap of $226.04, a PE ratio of 17.53 and a beta of 0.66. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.27.

First Guaranty Bancshares (NASDAQ:FGBI) last announced its earnings results on Monday, October 30th. The bank reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01). First Guaranty Bancshares had a net margin of 17.30% and a return on equity of 9.29%.

In related news, Director William K. Hood purchased 3,285 shares of the stock in a transaction dated Wednesday, November 1st. The stock was purchased at an average price of $27.00 per share, with a total value of $88,695.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 42.70% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of FGBI. Bank of New York Mellon Corp purchased a new position in First Guaranty Bancshares in the 2nd quarter worth about $299,000. Kennedy Capital Management Inc. raised its position in First Guaranty Bancshares by 138.7% in the 2nd quarter. Kennedy Capital Management Inc. now owns 68,353 shares of the bank’s stock worth $1,862,000 after buying an additional 39,715 shares during the last quarter. Teachers Advisors LLC bought a new stake in shares of First Guaranty Bancshares during the 2nd quarter valued at about $207,000. TIAA CREF Investment Management LLC bought a new stake in shares of First Guaranty Bancshares during the 2nd quarter valued at about $284,000. Finally, Context BH Capital Management LP bought a new stake in shares of First Guaranty Bancshares during the 2nd quarter valued at about $230,000. 11.65% of the stock is owned by institutional investors and hedge funds.

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First Guaranty Bancshares Company Profile

First Guaranty Bancshares, Inc is a bank holding company. The Company operates through its owned subsidiary, First Guaranty Bank (the Bank). The Bank offers personalized commercial banking services to Louisiana customers, through approximately 20 banking facilities located in the Market Services Areas (MSAs).

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