First Guaranty Bancshares Inc (NASDAQ: FGBI) has reported E.P.S. of $0.53 for its second fiscal quarter (ending June 30) versus $0.19 for the same period a year ago — an increase of 179%. This performance was $0.33 better than the consensus estimate of $0.20. E.P.S. were $0.83 for the latest four quarters through June 30 versus $1.58 for the same period a year ago — a decline of -47%.
Recent Price Action
On 7/23/24, First Guaranty Bancshares Inc (NASDAQ: FGBI) stock increased 1.7%, closing at $10.17. However, trading volume in this advance was unusually low at 60% of normal. Relative to the market the stock has been weak over the last nine months but has risen 10.2% during the last week.
Current PriceTarget Research Rating
FGBI is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
First Guaranty Bancshares has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. First Guaranty Bancshares has a slightly positive Appreciation Score of 65 but a slightly negative Power Rating of 34, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment