First Guaranty Bancshares Inc (NASDAQ: FGBI). Extremely important positive changes in investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Small positive changes in First Guaranty Bancshares Inc (NASDAQ: FGBI) fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. First Guaranty Bancshares has a neutral Power Rating of 50 and a slightly positive Appreciation Score of 62, producing the Neutral Value Trend Rating.
Recent Price Action
First Guaranty Bancshares Inc (NASDAQ: FGBI) stock enjoyed a large increase of 3.9% on 9/12/24. The stock closed at $10.75. Moreover, exceptionally high trading volume at 380% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 4.2% during the last week.
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